Step-by-Step Exhaustive Technical Analysis for EOS (EOS)

1. Price Action + Trend Analysis

• Major Upward Impulse: From late March through May, EOS underwent a sharp rise from the $0.48 (Mar 10) low to a peak near $0.99 (May 10), a +106% move.
• Volatility Expansion: Notably high volatility spikes on strong up-days, especially around Apr 1, Apr 2, May 7-10.
• Correction Phase: Post-peak, EOS retraced, dropping to $0.58 (June 5 low), registering a -41% correction from the $0.99 high.
• Recent Recovery: Since June 6, there has been a sharp rebound from $0.58 to $0.71 (+22%), with shorter timeframes indicating a new upward swing.
• Current Position: Present price ($0.714) is battling overhead resistance from the dense volume range between $0.71-$0.73 and local former support at $0.75-$0.79.

2. Moving Averages

• Short-Term (10/20 EMA): The hourly and daily EMAs are curling upwards and price is currently above both short-term averages ($0.69, $0.70). This shows immediate bullish momentum.
• Long-Term (50/100 SMA): The 50SMA on daily appears to be around $0.72; EOS is trying to reclaim this level. The 100SMA lags lower ($0.68 area).
• Implication: A firm daily close above $0.72 would confirm a change of short- to mid-term structure to bullish.

3. RSI (Relative Strength Index)

• Hourly: RSI oscillates in the 55-65 range — trending towards overbought but not extreme, indicating early-phase bullish momentum.
• Daily: RSI rebounded from deeply oversold (<40) now aiming for midpoint (~50), signaling a trend reversal is possible but not yet overextended.

4. MACD (Moving Average Convergence Divergence)

• Hourly MACD: Bullish crossover just occurred, with a widening gap — a classic buy signal, momentum shifting up.
• Daily MACD: Shortened histogram (decreasing bearish bars), with signal lines curling upwards. Implies a potential for a larger bullish crossover within the next 1-2 days.

5. Volume Analysis

• June 6-7: The sharp recovery from $0.58 to $0.71 is backed by increased relative volume, though not as heavy as peak runs (May 7-10), but significantly more than previous consolidation periods.
• Recent Hourly: Modest volumes on pullbacks, heavier buying on upswings — indicating strong buying interest at market levels.

6. Fibonacci Retracement (Probable Reference)

• FIB Levels (from May 10 high $0.99 to June 5 low $0.58):
  • 23.6%: $0.673
  • 38.2%: $0.75
  • 50%: $0.784
• Current Price: Firmly reclaimed $0.67 (23.6%), facing next notable hurdle between $0.72-$0.75 (38.2%). Surpassing and closing above $0.75 would pave way towards $0.78.

7. Chart Patterns & Candlestick Signals

• Morning Star (Daily June 5-7): A classic three-candle morning star reversal, a major bullish formation after the lengthy downtrend. This is a high-conviction reversal signal.
• Micro-Rectangle (Hourly): Trading in $0.71-$0.72 band past few hours suggests coiling for a possible breakout.

8. Orderbook and Psychological Levels

• Resistance:
  • $0.72-$0.73: Immediate supply
  • $0.75: Next big hurdle
  • $0.80: Psychological barrier
• Support:
  • $0.705-$0.698: Recent lows/EMA clusters
  • $0.67: FIB / prior resistance

9. Momentum and Sentiment (Composite Read)

• Short-term sentiment: Bullish, sparked by volume-supported bounce and series of higher lows.
• Medium-term: Turning to neutral-bullish; confirmation pending reclaim of $0.75 resistance.
• Market positioning: Pullbacks bought aggressively since June 5, implying traders want exposure ahead of a momentum move.

10. Volatility & Risk Assessment

• ATR (Average True Range): Spikes in ATR support rising volatility, advantageous for an impending breakout (likely up given volume/momentum alignment).
• Stop Levels: Nearby supports well-defined — below $0.695 for tight risk, $0.67 for wider swing outlook.

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Synthesis and Trading Decision

• All technical signals converge on a bullish bias:
  • The correction looks to have ended with conviction and a textbook reversal signal.
  • Reclaiming dynamic/MA resistance and climbing volume back recent gains.
  • Overhead resistance near-term at $0.73-$0.75 — likely targets for bulls in next 24h.
  • Downside risk managed via support at $0.698—$0.705 zone.

Strategy:

• Best risk-reward is achieved by buying dips between $0.705 and $0.71, with a primary target of $0.745 (38.2% FIB), stretching towards $0.78 (50% FIB) if momentum persists.
• Stop-loss just below $0.695.
• Immediate upside potential for next 24h: +4% to +9%.

In conclusion, technicals overwhelmingly favor a BUY (long position) at this juncture, with optimal entry around $0.710; first target $0.745, secondary $0.78.