Buy Signals:
- Bullish Divergence BB%B
- Fibonacci Confluence matches div ( 3rd Fib cluster )
- Potentially bottomed in large channel
Other Signals
- Bollinger Band Squeeze ( potential large move in either direction )
- BBW all time high( existing trend is ending )
- Pending price action when price approaches the cloud.
Invalidation:
- Increased Volume and rejection in or before the cloud. ( strong resistance )
- BB%B fails to make a higher high and double tops.
- Rejection of the first Fibonacci price cluster.
Target Price:
- 1rst target: 0.0017-0.0018 ETH
- 2nd target: pending price / volume action in 1rst cluster.
- 3rd target: pending price / volume action in 1rst cluster.
- Ultimate target: 0.0065 ETH ( anticipate price to touch the beginning of the div )
Stop Loss:
0.0006712 ETH
Strategy:
- Dollar cost averaging while under first target.
Type of Trade:
- Long Swing Trade
- Ongoing purchase for contract deployment as insurance for increased contract costs.
Why buy:
- Ideal trade for any developer planning to migrate from ETH to EOS, potentially saving on EOS smart contract deployment costs.
Fundamental
- Unpopular opinion: Despite its controversial beginnings, EOS is a genuine blockchain with a unique resource model allowing feeless transactions, it only lacks a larger following, development of more trendy products, and is often overshadowed by its genesis.
- EOS EVM is being launched.
Long term outlook:
- EOS is highly inflationary and unlikely to create a long term bullish trend against ETH, however in the short term is likely to outpace ETH.
- EOS/USD is a different assessment.
- Bullish Divergence BB%B
- Fibonacci Confluence matches div ( 3rd Fib cluster )
- Potentially bottomed in large channel
Other Signals
- Bollinger Band Squeeze ( potential large move in either direction )
- BBW all time high( existing trend is ending )
- Pending price action when price approaches the cloud.
Invalidation:
- Increased Volume and rejection in or before the cloud. ( strong resistance )
- BB%B fails to make a higher high and double tops.
- Rejection of the first Fibonacci price cluster.
Target Price:
- 1rst target: 0.0017-0.0018 ETH
- 2nd target: pending price / volume action in 1rst cluster.
- 3rd target: pending price / volume action in 1rst cluster.
- Ultimate target: 0.0065 ETH ( anticipate price to touch the beginning of the div )
Stop Loss:
0.0006712 ETH
Strategy:
- Dollar cost averaging while under first target.
Type of Trade:
- Long Swing Trade
- Ongoing purchase for contract deployment as insurance for increased contract costs.
Why buy:
- Ideal trade for any developer planning to migrate from ETH to EOS, potentially saving on EOS smart contract deployment costs.
Fundamental
- Unpopular opinion: Despite its controversial beginnings, EOS is a genuine blockchain with a unique resource model allowing feeless transactions, it only lacks a larger following, development of more trendy products, and is often overshadowed by its genesis.
- EOS EVM is being launched.
Long term outlook:
- EOS is highly inflationary and unlikely to create a long term bullish trend against ETH, however in the short term is likely to outpace ETH.
- EOS/USD is a different assessment.