Eoslong
EOS Ready to Break Out of Its Recent Slump?As anyone who has tried their hand at trading altcoins knows, it is a risky game. I usually try to avoid trading altcoins for this very reason... but some analysis of EOS' recent price movement has me tempted to pull the trigger.
The month of June has been unkind to the coin. Looking at the second Enhanced Linear Regression Indicator, we can see that EOS price has been on a steady decline for the past 3 weeks and still is clocking in with a negative slope.
While this downtrend won't be looked at favorably by EOS diehards (lol), wise investors may see it as an opportunity to accumulate the coin while its price remains low. The Profit Z Chart shows the price has fallen below the lower bound of Z-Scores, indicating the relatively low current price.
The "K2" chart, which is based on a modified double CCI, shows the price is quickly approaching an oversold state. When the two blue area charts are under the red line and begin their upwards climb, we will know that we've reached an ideal entry point. Based on recent patterns, I think the optimal entry point will come in the next 48 hours when the price falls under the .000675 mark.
Finally, the current vortex gives another hint that a positive reversal is approaching. With a large difference between the positive(teal) and negative(pink) trendlines, we can expect the VI+ line to reverse its course and begin its upwards climb. If all goes as expected, we should see the teal line rise above the pink, resulting in a bullish signal and rapid positive trend movement.
Again, never been much of an altcoin fanatic, BUT this looks like a decent opportunity to enter a long position before EOS begins its recovery.
EOS Project 2019, Phase 01, Edition 02, breakout soonMany indicators tell the story.
Observations:
Pattern forming a bull flag under the fib. circle or resistance line with HHs and LHs
RSI upwards trend
Momentum upward trend
Volume reducing\squeeze happening
BTC dominance dropping still, however a concern, soon to reverse. Don't know how this will effect EOS.
MA's acting as support
3 Charts to support upward outbreak, Target $9.1
EOS from 2018 till today Overview
EOS/BTC pairing
BTC Dominance
EOS Project 2019, Phase 01, Edition 01, Buy zonesJust an observation on EOS performance and key markers.
What surprised me looking back and now at EOS, is its overall performance in price and pattern, is significantly positive. It is also very symmetrical and continues to be so.
The other is its gains over BTC (refer to the chart approx. 190% gain over USD and 80% gain over BTC at its peak)
Moving forward in this bull trend, it makes sense to buy EOS and BTC at certain times. Refer to the EOS\BTC pairing chart.
I don't have the time to make to much commentary, so to summaries what I see:
1) In a channel as per diagram and is now consolidating, downwards.
2) We has hit its highest point (end of wave 5) refer to previous post results)
3) Its going down as like BTC, as it consolidates to the GREEN box, Buy Zone.
4) The fib circles are still playing their part nicely. Orange ring the support ring.
5) The red line is the 200 Daily EMA and is heading upwards towards the green zone, on the way confirming if its a good level to buy.
20 EMA on the daily is still acting support.
6) BTC dominance is to still drop more. If one times it well, with the EOS/BTC pairing chart and the BTC dominance chart
in conjunction with the EOS Chart, one can maximize their holdings. Not easy to do.
7) EOS has a little more to drop against BTC before it hits the support line for a reversal. Need to keep an eye on this, going long.
8) RSI on the daily > 55% and dropping, indicating by form, to the down side.
9) MACD on the daily > indicating to the down side.
10) Daily volume average > dropping
EOS/BTC pairing chart: Self explanatory.
BTC dominance chart:
CME BTC chart: The theory goes, that the gaps have to be filled and hence the theory, BTC will drop in price to fill the gaps (red circle to how much it needs to drop)
Posts like this, even make it better:
twitter.com
Previous EOS posting:
$EOS - LONG - 1HR- Has broken back above the daily OB
- Has recently clear the 4hr ob inside the daily that has been acting as resistance with a obvious push through
- 4hr now acting as support and targeting resistance
- Take profit on 50% of order at #1
- do not move stop loss once tp1 ishit as may return in order to test support again.
- final target may be moved if monitoring manual to anything above 94000 SATS
- will be trading this on mex with leverage no more than 3x
- remember manage risk, do not over leverage your position size
you will always put too little capital in a win and too much in a loss if you are not trading correctly
EOS - EOS go to uptrend, and good for buy now?EOS/BTC- EOS forecast
4H/ 1D - Go up and minor uptrend
Price move above support level --> positive situation
EOS on Binance
BUY around:
10200 - 10450
SELL target:
11950
12800
13470
15059
17230
Stop loss:
Under 9942
#TrungVuz
News: ~
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. EOS (EOS) is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. The EOS software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
#TrungVuz
EOS Decentralized OS EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. In fact, supporters have dubbed it the Ethereum killer. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.
The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum). Simply put, the EOS community is working to provide one simple to use, massively scalable dapp platform for the everyday user.