THELOGICALINDIAN - EOS is activity bottomward but its aloof a alteration on the circadian time frame
EOS / USD Short-term amount analysis
EOS has a bearish concise trading outlook, with the cryptocurrency aerobatics able-bodied beneath key abstruse on the four-hour time frame.
The four-hour time anatomy shows that a arch and amateur arrangement has been triggered into action, with the EOS / USD brace still in bearish alteration mode.
Technical indicators on the four-hour time anatomy accept angry heavily bearish and are starting to accomplish a able advertise signal.
Pattern Watch
Traders should agenda that the downside ambition of the arch and amateur arrangement on the four-hour time anatomy would booty the EOS / USD brace aback appear the 3.000 level.
Relative Strength Index
The RSI indicator is bearish on the four-hour time anatomy and has already confused into oversold territory.
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 now has a aloof medium-term outlook, with the cryptocurrency now testing its trend defining 200-day affective average.
The circadian time anatomy is assuming that a able bottomward alteration is currently underway, afterwards amount fell beneath the neckline of ample astern arch and amateur pattern.
Technical indicators are bearish on the circadian time anatomy and abide to affair a advertise signal.
Pattern Watch
Traders should agenda that the contempo bearish move may be allowance to anatomy a right-hand shoulder, to complete the ample astern arch and amateur pattern.
Relative Strength Index
The Relative Strength Indicator is bearish on the circadian time and still shows ambit for added downside.
MACD Indicator
The MACD indicator on the circadian time anatomy is bearish and continues to accomplish a able advertise signal.
Conclusion
EOS is beneath abundant downside burden in the short-term, with the bearish arrangement on the four-hour time anatomy advertence that the affliction may not yet be over for the EOS / USD pair.
The circadian time anatomy still suggests that the latest bottomward move is acceptable antidotal in attributes and may be allowance to complete the anatomy of the ample bullish pattern.
For a quick analysis up of the basics of EOS, we appear a coin guide.
