THELOGICALINDIAN - EOS continues to attempt beneath its 200day affective average
EOS / USD Short-term amount analysis
EOS has a bearish concise trading outlook, with the cryptocurrency already afresh beneath abundant abstruse affairs pressure.
The four-hour time anatomy shows that the EOS / USD brace is trapped aural an ascendance triangle pattern, with the downside bump abutting to the 3.000 level.
Technical indicators on the four-hour time anatomy accept angry bearish and are starting to accomplish advertise signals.
Pattern Watch
Traders should agenda that a bullish blemish from the ascendance block arrangement will booty the EOS / USD brace abutting to the 5.800 level.
Relative Strength Index
The RSI indicator has angry beneath aloof on the four-hour time anatomy and is starting to affair a advertise signal.
MACD Indicator
The MACD indicator on the four-hour time anatomy has angry bearish and is starting to accomplish a able advertise signal.
EOS / USD Medium-term amount analysis
EOS has a bearish medium-term bias, with the cryptocurrency continuing to barter beneath its trend defining 200-day affective average.
The circadian time anatomy is assuming that a bearish alteration is still underway, with the EOS / USD brace clumsy to rally. The circadian time anatomy additionally highlights the 3.000 abutment akin as a accessible bearish ambition and axis point for the cryptocurrency.
Technical indicators abide bearish beyond the circadian time frame, highlighting the medium-term weakness in the EOS / USD pair.
Pattern Watch
Traders should agenda that the EOS / USD brace charcoal technically bearish while trading beneath the 5.000 level.
Relative Strength Index
The Relative Strength Index charcoal bearish on the circadian time and continues to affair a advertise signal.
MACD Indicator
The MACD indicator on the circadian time anatomy is conflicted, with the MACD histogram flatlined while the arresting band is rising.
Conclusion
EOS has remained consistently anemic beyond both time horizons and continues to attempt beneath its 200-day affective average.
The patterns on the circadian and four-hour time frames advance that the 3.000 akin charcoal the all-embracing bearish ambition and accessible axis point for the cryptocurrency.
For a quick analysis up of the basics of EOS, we appear a bread guide.
