• Home
  • Trading
  • Live Data
  • Events
Home Trading EOS / USD Technical Analysis: Winter Is Coming Back


EOS / USD Technical Analysis: Winter Is Coming Back


  • EOS is bullish in the short-term after breaking through the neckline of an inverted head and shoulders pattern
  • Short-term technical indicators appear ready to roll-over which may signal a near-term pullback in the pair
  • Medium-term outlook remains bearish for EOS

EOS / USD Short-term price analysis


In the short-term EOS is bullish, although technical indicators on the four-hour time frame appear to be rolling over. The move higher was encouraged by the broader crypto market rally and by the triggering of a bullish inverted head and shoulders pattern.

SIMETRI Research


The bullish inverted head and shoulders pattern appears to have reached its full upside potential, while the overall rally has so far failed to reach the important January 10th high.



EOS / USD H4 Chart                                                              (Source: TradingView)



Pattern Watch

Traders should watch for the EOS / USD pair to start making lower highs in the near-term as it will likely signal that the recent rally is over. The neckline of the bearish head and shoulders pattern provides a solid downside target if a decline does take place.


Key Moving Averages

Price is trading above its the 50 and 200-period moving average on the four-hour time frame, which signals that the EOS / USD pair remains bullish in the short-term.


MACD Indicator

The MACD histogram has started to trend lower, while the signal line is attempting to move lower after moving into oversold territory.

EOS / USD Medium-term price analysis


In the medium-term, EOS is bearish with the pair still trading below its key 100-day and 200-day moving averages and a large head and shoulders pattern.

A bullish triangle break has recently occurred on the daily time frame, although further technical confirmation is needed at this early stage.

Both the RSI and Stochastic indicators have reached oversold conditions on the daily time frame, while the MACD histogram is showing that the recent bullish move is losing steam.



EOS / USD Daily Chart                                                          (Source: TradingView)



Pattern Watch

Traders should watch daily price closes around the triangle pattern as it will provide a good indication of how sustainable the recent upside rally will likely be. The head and shoulder patterns neckline provides a solid upside target if the pair continues to trade high.


Key Moving Averages

The EOS / USD pair is testing its 50-day moving average with the 200-day moving average currently converging with the large head and shoulders patterns neckline.


MACD Indicator

The Daily MACD indicator is slightly bullish on the daily time frame.


Stochastic + RSI Indicators

Both the Stochastic and the RSI indicators have reached oversold conditions on the daily time frame; this may signal a reversal over the medium-term.



EOS is trading at a critical juncture and will need to perform a strong upside rally in order to shift its medium-term bearish bias. Ultimately, price still trades below the neckline of a large head and shoulders pattern with significant downside potential.

Trading action around the triangle on the daily time frame will give a strong indication if the EOS / USD pair is likely to keep rallying over the coming days.


EOS Chart

Join the conversation on Telegram and Twitter!


Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment.


Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

The Analyst Team
Crypto Briefing has become known for providing thoughtful and insightful diligence on early-stage blockchain ventures. Our reports are distributed globally, including via Binance Info. Almost 100 free, unpaid, and independent Digital Asset Reports and Evaluations and early-stage crypto assessments are available by clicking on the CB icon, right here.


Join the conversation on Telegram and Twitter!


More News & Analysis

Get The Best Of Crypto Briefing!

Crypto news flashes, new DARE research, upcoming mainnet launches, market reports, and much more!