THELOGICALINDIAN - The brace is beneath burden in the abbreviate appellation but its technicals abide bullish
EOS / USD Short-term amount analysis
EOS has a bullish concise trading outlook, with the cryptocurrency still captivation amount aloft above abstruse abutment on the four-hour time frame.
The four-hour time anatomy is assuming a arch and amateur pattern, with the neckline of the bearish arrangement advancing with the EOS / USD pair’s 200-period affective average.
The right-hand accept of the invalidated arch and amateur arrangement on the four-hour time anatomy is now its key abutment beneath the 200-period affective average.
Pattern Watch
Traders should agenda that attention is brash back trading a bearish blemish as the all-embracing concise and medium-term trend still charcoal bullish.
Relative Strength Index
The RSI indicator is additionally bearish on the four-hour time frame, although it is attempting to actual from oversold conditions.
MACD
The MACD indicator on the four-hour time anatomy is bearish, with the MACD arresting band arising a able advertise signal.
EOS / USD Medium-term amount analysis
EOS has a bullish medium-term outlook, with the cryptocurrency still captivation amount aloft its key 200-day affective average.
The circadian time anatomy is assuming that a ample astern arch and amateur arrangement has formed, with buyers so far clumsy to move amount aloft neckline resistance.
The circadian time anatomy continues to appearance bullish MACD amount divergence, which extends appear the June 2024 swing-high.
EOS / USD Daily Chart by TradingView
Pattern Watch
Traders should agenda that the bullish bump of the astern arch and amateur arrangement would booty the EOS / USD brace appear the June 9th swing-high from aftermost year.
Relative Strength Index
The Relative Strength Index is affective lower as downside affairs pressures body beyond the circadian time frame.
MACD
The MACD indicator on the circadian time anatomy has angry bearish, although bullish MACD amount alteration is still present from aftermost year.
Conclusion
EOS / USD is advancing beneath burden in the short-term, with abstruse indicators beyond both time frames highlighting that a added abstruse alteration may occur.
The ample astern arch and amateur arrangement on the circadian time anatomy and the bullish MACD amount alteration advance that the EOS / USD brace can still barter abundant college over the medium-term.
For a quick addition into EOS, check out our coin guide.
