EOS/USDT - a buying after a level breakdown.Friends, thanks for your likes and comments!
a possible scenario.
a buying after a level breakdown.
you can put a stop loss on the level.
on a smaller timeframe, you'll need to look for confirmation.
pictured what four timeframes should look like.
Good luck with trading!
Eosusdlong
EOSUSD technicaly based forecast
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💡 EOSUSD technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.6
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EOSUSDT - a drop of 73.5%. What's next?Good day to all crypto fans! We continue to analyze the EOSUSD chart.
So we got the third bottom as a gift! But is it the bottom?
Locally, the price moves in a downward channel and is located at the lower border. With a breakdown of 2.10, the price will move to its upper boundary. A double bottom is formed locally, which also indicates a probable local growth. The upper boundary of the channel is 2.98, which is also a correctional movement of 0.382 Fibonacci from a total of 73.5% fall.Continuation of the corrective movement from such a strong fall in prices will probably be in case of breakdown of the upper boundary of the local channel. It is better to consider the probability of further corrective movement during breakdown and consolidation above 3.13. Levels are shown on the chart.
In case of breakdown 1.42, the lower boundary of the channel, and consolidation below this level, a direct road to 0.4090. But while thinking about it it’s too early to think, the correctional movement is a priority. And it is necessary to keep in mind, since panic is little predictable.
It is also worth paying attention to the volume that was during the fall. And it was all bought out. Someone is actively buying a coin at cheap prices.
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EOS giving upto 143% profit opportunity by forming big GartleyA breakout from the wedge:
Hi guys and gals hope you are doing good, In my previous article that I posted on 20 Dec 2019 I depicted that since Sep 16 2019 the world’s 7th ranked cryptocurrency EOS was moving within a falling wedge and and that time it was hitting the support of the wedge for 3rd time and we had recent support at $2.35.
With hitting support of wedge the price action also went closer to lower bands of Bollinger bands and repelled from there.
and with this move the price action had completed a bullish BAT pattern therefore I predicted that the price action can move up to 70% from this level.
And at the end of December 2019 the price action took a powerful bullish divergence and produced more than 121% profit that was really a big gain.
100 SMA resistance of week chart:
After this powerful bullish move there was a strong resistance of 100 simple moving average ahead on weekly chart. Therefore we can see that while hitting at the resistance of 100 SMA the price action of EOS was also hitting at the upper band of Bollinger bands and in very next candle the moving average convergence divergence (MACD) indicator also started turning bearish and the Stochastic also gave bear cross from over bought zone and as result the priceline dropped around 45% down.
Making higher lows and a strong support:
Now let's move to more long-term monthly chart then it can be clearly examined that the price action of EOS is making higher lows the first low we had on October 2017 after that we have another low on December 2018 and the most recent low was in November 2019 this is a positive signal. And with the formation of higher lows we can see that the priceline of EOS has found a strong support at $2.16.
Harmonic move with continuity:
On long term monthly chart it can be also clearly seen that EOS is forming bullish harmonic patterns with continuation. The price action formed the bullish Shark pattern which was started on October 2017 and completed on December 2018. And from the potential reversal zone of this bullish Shark the priceline took a powerful bullish divergence and entered in the Fibonacci projection from 0.382 to 0.786 Fibonacci projection of C to D leg. After the formation of this Shark pattern the EOS formed another harmonic pattern with its volatility. This time we can see that the priceline of EOS has formed a Gartley pattern.
Now let's dig this pattern deeper to see how perfect this pattern is formed:
The initial leg was started on December 2018 and ended on May 2019 then the price action is retraced between 0.618 to 0.786 Fibonacci to complete the A to B leg of this bullish Gartley pattern after this retracement the A to B leg is completed. The C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and now it is again retraced between 0.618 to 0.786 Fibonacci retracement area and here the price line of EOS is again entered in another potential reversal zone and ready for other powerful bullish move.
Realistic buying and sell range as per Fibonacci sequence:
As per Fibonacci sequence the potential reversal zone and potential pull back or potential sell zone can be as below.
Buy between: $4.26 to $3.06
Sell between: $5.20 to $7.45
It means that realistically as per Fibonacci sequence this bullish Gartley pattern can produce up to 143% profit but once the price line will cross up the 0.786 Fibonacci projection of A to D leg then EOS can turn more bullish.
Stop loss:
Everybody can have different stop strategies but in my point of view if you are trading on harmonic moves then we can use potential reversal zone as our stop loss if the complete priceline would be closed below this PRZ level then we can assume that the stop loss has been triggered.
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.
EOS to $4.82 or $4.32 ? EOSUSD Critical point!hello again and welcome back for another technical analysis on EOS Lower time frames.
if EOS closes below $4.48 on a 1 hour candle, I will be looking for continuation to 4.32 and if the current level of support holds my target to the upside is $4.82
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Not a Financial Advice
ridethepig | Covering Some EOS Here...On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than the past two weeks.
The original portfolio position is +155% so there is no harm in taking some chips off the table. For those tracking the original entries:
Risk markets are trading more positively, I continue to think the downside remains a buying opportunity in EOS, local exchange bids will limit the downside towards 4.50. A good opportunity to cover some and recycle at the lows aiming for the initial 5.00 highs from Saturday which is the first resistance to watch in order to unlock an impulsive leg towards 7.50.
On the BTC side we remain in the same flows, with the same drivers:
As usual thanks all for keeping the likes and comments coming!
EOS/BTC TA Update (Parabolic Move Up?)EOS/BTC
EOS still on a strong uptrend or let me say parabolic move up. The next target to the upside is between 5500-5800 sats area.
The RSI has not weakened yet, So I'm guessing there is still fuel left before it will top out. I do not suggest to open a Long position but instead,
wait for the right timing to open a small short position when daily consolidation is on the way.
EOS Ascending ScallopAscending Scallop formation, big buy signal if this continues and forms a handle, this is based off an expected rejection at EMA level. A golden cross on this daily chart can also be observed. Ascending scallops perform better in bear markets. Short term bullish continuation expected.
ridethepig | EOS Market Commentary 2020.02.05I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:
It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity.
Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50.
Well done those taking some chips off the table!