Well well well, EOS what can I say, you lot are all mad, mad I say.
Possibly the most anticipated blockchain in the crypto space to date has just surprised us all with a 480% bull run over a 41 day period, impressive.
However the hugely overbought and bloody great big bearish divergence on the RSI which has been there for 11 days now and had to kick in. We all know your excited for EOS but you've been hitting it too hard lately and need some time to recover so we are fresh for the main event, The EOS Main Net Launch. Woo. So lets get some rest and see whats happening.
This is an update to my last chart, EOS Possible 62% short. The last chart had some technical difficultys which were all my fault so I wanted to do a new one so you can press play and see how it panns out.
We all know this event is pure speculation at the moment and TA is well, not normal at the moment.
We also know this event has risks and the platform might get a random problem on launch day. Can you see the future?
What is apparent though is 11 days of bearish divergence. Is there some kinda TA or measurement you can do on the magnitute of bear div to get target for dump?
EOS needs to recharge for the big day and if it can go as low as the 0.786 fib retracement then we could see some real rocket fuel for launch.
EOS could also choose to bounce off any of the other fibs at any time.
EOS targets... LOL.
Ive gone for $47 which i have literally pulled out my backside. Thats a 488% pump 27 days before lauch, this is crypto after all people. It could be anything.
Let me know your thoughts on this EOS Main Net Launch.
100% professional advice.
Possibly the most anticipated blockchain in the crypto space to date has just surprised us all with a 480% bull run over a 41 day period, impressive.
However the hugely overbought and bloody great big bearish divergence on the RSI which has been there for 11 days now and had to kick in. We all know your excited for EOS but you've been hitting it too hard lately and need some time to recover so we are fresh for the main event, The EOS Main Net Launch. Woo. So lets get some rest and see whats happening.
This is an update to my last chart, EOS Possible 62% short. The last chart had some technical difficultys which were all my fault so I wanted to do a new one so you can press play and see how it panns out.
We all know this event is pure speculation at the moment and TA is well, not normal at the moment.
We also know this event has risks and the platform might get a random problem on launch day. Can you see the future?
What is apparent though is 11 days of bearish divergence. Is there some kinda TA or measurement you can do on the magnitute of bear div to get target for dump?
EOS needs to recharge for the big day and if it can go as low as the 0.786 fib retracement then we could see some real rocket fuel for launch.
EOS could also choose to bounce off any of the other fibs at any time.
EOS targets... LOL.
Ive gone for $47 which i have literally pulled out my backside. Thats a 488% pump 27 days before lauch, this is crypto after all people. It could be anything.
Let me know your thoughts on this EOS Main Net Launch.
100% professional advice.
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There is more stuff in this chart if you scroll left.
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Look at what happend to EOS back in February when the MACD was at the same cross over level.
And look what situation we are in now.
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EOS is still feeling bullish. Need that dear div and MACD to kick in.
Here are some other fib extension targets.
Here are some other fib extension targets.
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Dear div thats new.
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OK Trade status changed from sh1t to good as its breaking down now as expected. Will tell you a good story tomorrow about my crap trades.
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Hello Traders here is an update.
Before I go on can I stress the importance of sleep. Towards the end of 30th I had been awake for 4 days and was beginning to get the negative side effects of sleep deprivation. You can even see in the comments below I that I couldn't even remember making the chart. Don't ever get like that, not worth it.
Anyway EOS has dumped and bounced off the 0.382 fib. The MACD and RSI have bottomed so now I can see EOS making an attempt up and will get rejected off the 0.236 fib. From there EOS could break down to lower fib levels, or, it could break down and bounce between the 0.382 and 0.236 fib again until it finally gives up and breaks down lower.
Before I go on can I stress the importance of sleep. Towards the end of 30th I had been awake for 4 days and was beginning to get the negative side effects of sleep deprivation. You can even see in the comments below I that I couldn't even remember making the chart. Don't ever get like that, not worth it.
Anyway EOS has dumped and bounced off the 0.382 fib. The MACD and RSI have bottomed so now I can see EOS making an attempt up and will get rejected off the 0.236 fib. From there EOS could break down to lower fib levels, or, it could break down and bounce between the 0.382 and 0.236 fib again until it finally gives up and breaks down lower.
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Ok so ive been having another look at EOS. The candle never actually touched the 0.382 fib, I don't know if that's the "rules". On closer look this bounce is supported by bullish divergence on the RSI and MACD (pic below) so I will have to assume A is complete. We are now going up to complete wave B.
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Hello Everyone the EOS update is here.
Please comment and give me a like if you think my work deserves it.
Please comment and give me a like if you think my work deserves it.
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Ok I am pretty much convinced we will be bouncing off the 0.618 fib for this launch. Trading Analysis here.
So far this trade is shit.
The bearish divergence has not kicked in yet but I have started to notice the MACDs start to turn, first in the 15, then 1 hr, 2 hr and now the 3 hour. Once the 4hr crosses we should start start to see proper selling. Also EOS has not even tested the middle line of the bollinger bands on the 4 hr for 12 days, 170%. We shall see.