EOS - EOS/USDT - 1H - Technical analysis published on 11/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 2.54 USDT
My targets
2.63 USDT (+0.38%)
2.84 USDT (+8.40%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EOS - EOS/USDT as long as the price remains well above 2.54 USDT. The buyers” bullish objective is set at 2.63 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.84 USDT. If there is any crossing, the next objective would be the resistance located at 3.03 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EOS - EOS/USDT price is 2.62 USDT. The price has increased by +0.38% since the last closing and was between 2.49 USDT and 2.68 USDT. This implies that the price is at +5.22% from its lowest and at -2.24% from its highest.2.49
2.68
2.62
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EOS - EOS/USDT indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.34 | 2.46 | 2.54 | 2.62 | 2.63 | 2.84 | 3.03 |
| Change (%) | -10.69% | -6.11% | -3.05% | - | +0.38% | +8.40% | +15.65% |
| Change | -0.28 | -0.16 | -0.08 | - | +0.01 | +0.22 | +0.41 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.43 | 2.47 | 2.54 | 2.59 | 2.66 | 2.70 | 2.77 |
| Camarilla | 2.58 | 2.59 | 2.60 | 2.61 | 2.62 | 2.63 | 2.64 |
| Woodie | 2.44 | 2.48 | 2.55 | 2.59 | 2.67 | 2.71 | 2.79 |
| Fibonacci | 2.47 | 2.52 | 2.54 | 2.59 | 2.63 | 2.66 | 2.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.31 | 1.89 | 2.28 | 2.86 | 3.25 | 3.83 | 4.23 |
| Camarilla | 2.41 | 2.50 | 2.59 | 2.68 | 2.77 | 2.85 | 2.94 |
| Woodie | 1.22 | 1.84 | 2.19 | 2.81 | 3.16 | 3.79 | 4.13 |
| Fibonacci | 1.89 | 2.26 | 2.49 | 2.86 | 3.23 | 3.46 | 3.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.73 | 2.15 | 2.70 | 3.12 | 3.67 | 4.09 | 4.64 |
| Camarilla | 2.99 | 3.08 | 3.16 | 3.25 | 3.34 | 3.43 | 3.52 |
| Woodie | 1.80 | 2.19 | 2.77 | 3.15 | 3.74 | 4.12 | 4.71 |
| Fibonacci | 2.15 | 2.52 | 2.75 | 3.12 | 3.49 | 3.72 | 4.09 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.70 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 10.46 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 2.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.50 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 2.51 | |
| Zig ZAG (10): | 2.62 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 74.19 | |
| TEMA (21): | 2.59 | |
| Williams %R (14): | -25.27 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 1.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.51 |
| MA7: | 2.61 | |
| MA20: | 3.10 | |
| MA50: | 3.13 | |
| MA100: | 3.28 | |
| MAexp7: | 2.60 | |
| MAexp20: | 2.58 | |
| MAexp50: | 2.58 | |
| MAexp100: | 2.61 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -15.48% | |
| Price / MA50: | -16.29% | |
| Price / MA100: | -20.12% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +1.55% | |
| Price / MAexp100: | +0.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
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