From my point of view and based on Technical Analysis, the weekly timeframe of EOSUSD provides probably the best buy opportunity for the long run. The price bounced from the support zone formed by the uptrend line and 3.00 support level. The bullish candle confirms the price reversal. The same goes about RSI. MACD histogram supports the further upward movement. What can we see also? We see an attempt to break the downtrend line. If a new weekly candle is closed above this line, we will get a confirmed breakout signal. But even now we can use a breakout, just we don't have an additional signal confirming this signal.
Anyway, there are two possible entry levels for buying, which are clear now. The 1st entry level is above the high price of the signal bullish candle. Pending orders for buy can be placed at 3.70 level. The 2nd entry level is based on a local swing high and 4.50 resistance level. If the market moves upward, the breakout above 4.50 will confirm the uptrend and the strength of buyers. This signal can be used for safe buying or for adding more trade volume to the long trades opened based on the 1st entry level.
For both trades, stop orders must be placed below 2.20 or below 1.50 levels. It depends on your attitude to risk size. The main profit target should be at 8.50, and the higher resistance can be used for fixing profit too. The market reached the bottom, and buying for the long run looks logically. At the same time, if Bitcoin moves downward, this market will have good chances to make a new bottom, which can be not far from 0.50 support.
@DLavrov hey mate! I like your analysis. I just bought EOS. Best regards my friend
Ruckusman
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@fi1tek, Hi! I think you did good decision with high probability of good returns :)
Have you done your homework before buying and what were your results? :) :) :)
BR R.
CryptoEngineering
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EOS right now $3.31 , Dmitriy. And you recommend people placed their stop losses below $1.50 levels??
Dude, your investment capital will be more than 50% down ! Are you serious?
And you are also targeting potential $0.50? It is not a trading strategy. It is purely gambling.
Sorry dude, I have been following you over 2 years, it is your by far the worst crypto analysis .
DLavrov
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@CryptoEngineering, hello mister)
you comment is awesome! Do you want to talk with me about the money and risk management? I will be happy. Based on your comments I'm not sure that you understand clearly my idea. So, let's make it clear.
Yes, the highest entry level can be above 4.50 for safe trading. Yes, the stop-loss level should be below the uptrend line, but let's make it 1.50. I'm really very surprised why you wrote me about the risk in 50%?
DD in 50%? Ok, it can be only if you don't know what is the money management and diversification. Because with such knowledge your potential risk can be like, 1%, 5%, 10%, 25% and of course you can make it like 50% and even 100%. That's why we can see the difference between novice traders and pro traders. With the same signal the 1st one will blow up their money, if the market moves against them. The 2nd one will exit from the market with small drawdown and move to a new market with new trading opportunity.
And thanks for following me 2 year, I'm a little bit upset that for these period you could get the risk and money management ideas from my posts. It means I'm not a good author and it is my fault. Sorry for this! I will try to change the situation and post more about trading, money management and other important stuff, but not signals.
CryptoEngineering
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@DLavrov, believe me I am the last guy who is following you for the signals.
No matter you use 1% or 5% of your total investment if you are planning to take 50% loss, You lost the game dude!
DLavrov
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@CryptoEngineering, with your wrong understanding of trading and zero knowledge about money management, I guess such approach will lead you to nothing. But it is your money and you can blow them in the way you like mostly.
"No matter you use 1% or 5% of your total investment if you are planning to take 50% loss, You lost the game dude!" it makes no sense. It is wrong understanding of trading and investing from your side. But again, it is your choice how to blow up your capital.
CryptoEngineering
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@DLavrov, As a trader, I can not let any of my investment to take a huge loss , and I dont recommend anyone to hold any token while They lose 50% of their capital.
DLavrov
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@CryptoEngineering, BTC dropped 85%? Top alt coins dropped 80-90%? Following your logic, crypto should be ignored. You still don't want to think about the money management.
CryptoEngineering
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@DLavrov, I dont hold any coins Dmitriy, I trade!
I am not a holder, I am a trader!
zerocashcool
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@CryptoEngineering, Your comment highlights a fundamental immaturity and suggests that you have not studied nor do you practice proper money management. With a profitable trading and money management strategy, you do not need to concern yourself with comments such as yours. One learns more from being humble and kind to others than they will through envy and anger.