botje11

EOS running out of Fuel or just Started?

BITFINEX:EOSUSD   EOS / Dollar
After several requests to do an analysis on EOS, here it goes. It obviously got pumped like most alts. A bit bigger than most as well, but it got hit the hardest as well the past month. At the moment it looks like it is running out of steam a bit. Of course depending on Bitcoin', it would not be bad to make a good consolidation here.

On the right i have zoomed in, we can see a small bull flag . If that breaks down, there is still the possibility for a ascending triangle . The 2.4 is obviously a level that needs to be defendant by the bulls. If that breaks, anything could happen. Volume is good at the start of the rally but is decreasing now as well but nothing unhealthy yet. I would not expect too much on the short term though. Think if the small flag breaks and the triangle, we will prob test the 2.4ish again


Comment: The candle on the left is quite bad now, if it closes below the 2.55/2.6, normally becomes a sell signal

If you want to support me, my affiliates:

Bitcoin futures trading, 10% discount: http://www.bitmex.com/register/5UpPrj
http://www.binance.com/?ref=35269417
For copy trading FX at Etoro: https://etoro.tw/2HjrI9X
Public Telegram Channel https://t.me/botje11
The problem is you can not just look at the chart and predict eos. Fundamentals are different. Eos is 3X leverage for BTC. If you guess the direction right profits gets quite reasonable. Eos does mega corrections and jumps nothing to worry about.
Reply
David, you are simply a legend!!! Thank you :-)
Reply
What do you think?
Are we running out of fuel?
Can you give your opinion on ADA or LTC?

Highly appreciate your work!
Reply
Can you do an update on XRP as well? :)

this looks like a fractal to me, wonder what your point of view is since you're the fractal master. ;)

Bedankt voor alle analyses!

+1 Reply
Eos is my favorite investment. This micro(giant)waves will not stop till $4-5 range. Step by step.I did post couple ideas recently when eos was not doing well. People didn't even take it seriously since I don't have many followers. I don't want them anyway.


+1 Reply
thank you David, we love you forever
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out