Eoslong
EOSBTC FINALLY STARTING TO REVERSE? After a 53% drop in price since mid Feb EOSBTC is finally starting to show signs of reversing from its non-stop downtrend, what comes down must go up.
On the 4HR TF we are seeing a Sym triangle forming with potential bullish play to the upside if broken & retested triangle as support, this is currently supported by
a change in market structure, from consistent LH/LL's to now forming a HL & potentially a HH this could be the deciding factor for EOSBTC in the coming few days.
Short term bullish play;
Would need to see a clean break of upper trendline in Sym triangle broken then re-tested as support, with short term TP at 2895 on previous high structure.
Long term bullish play;
Once HH structure has been set in stone, will be looking to take long positions on the next HL pullback. If bullish momentum does play out I will be updating this chart
with my entry positions, SL's & TP's so stay tuned !
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EOS ANALYSIS: LONG OPPORTUNITY PRESENTEOS ANALYSIS:
EOS has been trending in a downward channel since breaking down from recent highs. The RSI is breaking down into an oversold territory as it flats out upon each drop showing signs of life of buyers coming back into play. There is an expected bounce coming in and long opportunity from the zone of 3300-3400 sats. This support has held very strongly in the past. Take profit targets are lasted at T1 of 3590 sats, T2 at 3720 sats, and T3 at 3848 sats. Major MAs are coming down, and could possible break back below 200MA. Therefore, take profit by T3 as it is the major line of resistance now.
Possible Entries: 3300-3400 sats
EOS H&S IdeaEOS can be seen to be showing some bearish movement, following the formation of a H&S pattern, this comes after a inverse H&S also formed. This can be seen to also be occurring on the BTCUSD pair. The alligator can be seen to be eating bearishly and green line will most likely be rejected at the pink line, while more bearish action takes place. A return to a previous resistance turned support is likely. Bear flag also present! Don't wait for lower prices, go long in a market like this. Very unpredictable. For margin, leverage traders.
EOSIO - $EOS - Activated TOTHEMOON.exe And RELOAD BOSTER.exe $EOS crashed 35% since after a cycle high.
Ideally, it needs more time but we found support at the 50% fib of (iii) Meaning this can easily be an (iv) subwave finished. If true, this means that we'll see a swing higher over time. Taking out the current $5.5 cycle high.
And there she goes.
Let it play out...
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EOS ANALYSIS (JUMP BACK TO DOUBLE TOP INCOMING)EOS ANALYSIS:
EOS invalidated temporary support after breaking down from 5200+ sats. A quick scam quick down to 200MA was eaten up by bulls, showing strength in the coming bull run. I expect a further rise from here and a breakout from the wedge. Look for T1 at 4350 sats, T2 at 4510 sats, T3 at 4840 sats, and lastly 5100 sats. T4 will peak off at a double top, I would recommend to move stop loss up in this case due to possible chance we break thru to new highs. A break of the 100MA at T1 is highly expected . Volume should jump back in as buyers eat up the sell walls on the way back to daily resistance block.
Possible Entries: 4245 sats
EOS/H20 Bullish!
EOS showing some loss momentum Let's wait until dropping back to our support area between 5028-4920 sats this area is a good place
to Buy but unconfirmed yet wait how EOS will react to our support trend-line if the price can manage to hold our Trend-line support
potential next wave bull rally is coming potential target for LONG entry up to 5222-5382 sats.