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EOS

What Happened? Read Here ⚠️Massive sell volumes, Massive liquidations, all in less than an hour. But why? CryptoTicker.io explained three reasons for this crash: " 1- JP Morgan issued a Bad Memo to its investors JP Morgan warned its investors 1 day prior to the crash about buying altcoins during this bull run. They claimed that retail traders were hyping up prices during fundamental advancements in the technology (NFTs, scalable blockchains…). This note created a negative sentiment in the crypto sphere, prompting a heavy sell-off. 2- El Salvador Announced a Bad Start with its crypto integration The cryptocurrency market started taking a hit as El Salvador’s wallet experienced technical difficulties within hours of its debut. This forced President Bukele to announce that they would temporarily “go offline”. This bad start in their crypto integration scared investors and initiated a sell-off, which translated into a snowball effect on the entire market. Negative news and strong selling pressures have very bad effects on cryptos, especially because of their high volatility. 3- A Price Adjustment was bound to happen The crypto market rallied for an extended period now with no signs of any retracement in prices. This extended uptrend is definitely scary, especially when prices rise by more than 50% in less than 1 month. Green candles can be seen for most cryptos consecutively. Coupled with bad news, this ticking bomb would definitely explode once profit-takers enter the selling game" Also as NationalWorld.com says: "It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading. A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos. China’s crackdown on cryptos comes days after Musk’s shock announcement. Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021. It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring. The billionaire entrepreneur said: “We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post. Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price." In the past 24 hours, most cryptocurrencies are in the red. The market as a whole lost more than 10%. The top losers are Filecoin (FIL), MDeX (MDEX), and Ethereum Classic (ETC) all losing around 20%. On the other hand, we can notice top gainers on such a red day like Near Protocol (NEAR) and Solana (SOL) making 22% and 11% respectively. 1- Bitcoin (BTC) : – 9.2 % 2- Ether (ETH) : – 12.7 % 3- Cardano (ADA) : – 16.6 % 4- Binance Coin (BNB): – 14.7 % 5- Tether (USDT) : 0 % 6- Ripple (XRP) : – 21.35 % 7- Solana (SOL) : + 11.63 % 8- Dogecoin (DOGE) : – 17.83 % 8- USD Coin (USDC) : + 0 % 9- Polkadot (DOT): – 19.20 % What do you think caused this crash? What happened to your positions? Comment below and share it with us.
by ShawnMCR
15
$EOS/USD 1D (Binance Coin-Futures) Symmetrical triangle breakoutEnterprise Operating System (a.k.a. EOS) is accumulating above 100EMA and looks ready for bullish continuation! Risk/Reward= 1:1.6 | 1:3.11 | 1:5.82 Expected Profit= +27.56% | +54.01% | +101.16% Possible Loss= -17.38% Fib. Retracement= 0.5 | 0.618 | 0.786 Estimated Gain-time= 2 months Exchanges: Binance Coin-Futures, ByBit Signal Type: Regular (Long) Leverage: Isolated (1X) Current Price: 5.577 Entry Zone: 5.453 - 5.075 Take-Profit Targets: 1) 6.725 2) 8.107 3) 10.589 Stop Targets: 1) 4.349
ELong
by TradingOn
3
EOS Long term setupHello everyone, if you like the idea, you can support with a like and a follow. By drawing the fibs from the last crash to our last bottom as a reversal movement from the crash we can expect to retest areas as 0.5 fib and 0.618 fib. We are currently having resistance from the 0.236 fib while we are inside a small bullflag. The important support in the chart as you can see are the 5$. With a brekage of this level the whole image changes to a more bearish sentiment. Targets: Long Term 0.5 and 0.618 fibs. Short Term 6.4$ with a successful break of the bull flag . Don't forget to protect yourself with proper Risk Management this is the key to winning! Information provided is only educational and should not be used to take action in the market ! Feel free to ask anything in the comments or send me a message ! Thank you for reading my post, have a great day !
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by AM.98
9
EOS, Bullish-Triangle-Breakout Completes When This Happens!Hello, Welcome to this analysis about EOS and its 4-hour timeframe perspectives. EOS as I discovered in recent times has emerged with some interesting formational structures that are worthwhile to look at. Within these times the divergence between certain cryptocurrencies in terms of amplitude, formation structure, and volatility potential increases more and more. This is why it is highly necessary to properly distinguish the individual cryptocurrencies to rightly approach the different types. As I detected with EOS it is forming a formation that can convert into great potentials when EOS shows up with the right price-actions, therefore I discovered all the important levels and upcoming determinations we should consider. As when looking at my chart we can watch there how EOS is forming this main ascending-triangle-formation marked in orange and consisting of the ascending-trend-line and the upper horizontal trend-line which is also resistance at the moment. Within this ascending-triangle-formation EOS has the coherent wave-count with the waves A and B already completed, now as EOS approaches the upper-boundary-resistance again this is the main resistance from where a pullback is likely which will then be a part of the wave C to the downside completing the wave-count within the ascending-triangle-formation. What comes then will be crucial as EOS will approach the confirmational-bounce-cluster this is an important cluster to hold because otherwise when this does not happen EOS will increase bearishness below and invalidate the triangle however when it happens and EOS properly bounces to complete the wave-count and continue bullishly this will lead to a completion of the whole formation with a breakout above the upper-boundary and once this is done EOS will activate upside-targets. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
COINBASE:EOSUSD
by VincePrince
10
EOS W Formation SpottedHello and welcome to my post ! EOS is in a strong uptrend at the moment because of that patterns as the W are higly probable to be profitable. We found strong resistance at 0.236 fib in our first hit and now we are on the neckline (5.685$) of the W pattern waiting to see a break. W patterns have a tendency to break, make a run and crash down to liquadate a lot of people and after that continue higher. Because of that proper risk managment and position managment are a must. First Target: 6.5$ Second Target: 6.750$ Indicators: (RSI,SRSI,CIDI) The upside momentum of the indicators are strong and bullish for the moment. Don't forget to protect yourself with proper Risk Management also the information provided is only educational. Feel free to ask anything in the comments or send me a message ! Thank you for reading my post,if you liked the idea you can support with a like and a follow have a great day !
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by AM.98
4
PP + RSI alert for EOSUSDTEOSUSDT PP + RSI ALERTS SL: 4.7131 TP: 5.9433 - This is my analysis for EOSUSDT using rsi alerts , a lot of poepole asking about why EOS is not pumping. - On the chart we can see a rounding bottom or cap and handle formation, which is bullish . - After a rectangle consolidaton, the price started with an Impulse Elliott wave . - First target 1:1 / below all time high. - RSI is ready and volume favors bulls. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
ELong
by LenaGraceThomas
2
EOS Breaking Out Towards 6.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The crypto currency EOS appears to be breaking out of the downward trendline of the symmetrical triangle (highlighted in red). This breakout is expected to take the cryptocurrency towards the 6.5 price level. This view will be negated by a close below the low of the pullback at around the 4.5 price level. Technical Indicators The breakout from the downward trendline are supported by 3 technical indicators: the 200-SMA, the Awesome Oscillator (AO) and the MACD. Currently EOS is trading above its long term MA and the AO is green and above 0. Also the MACD recently had a positive crossover. A change in trend will be seen if EOS were to decline below the 200-SMA and the AO turns negative. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 4.5 price level with a target of 6.50. This produces a risk reward ratio of 1.15. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EOS.
BITFINEX:EOSUSDLong
by Ceddy86
EOS - Showing room for growthHey everyone, Today, I'll share the fact that EOS is showing lots of room for growth and medium to long term holding. It's currently far from it's old All Time High at 21$ in 2018 (not shown in the chart) and broke to the upside from the descending triangle. I personally believe that EOS is undervalued! Why? Because EOS is a platform that’s designed to allow developers to build decentralized apps. Recently, there was some bullish news! The cryptocurrency exchange Bullish is set to go public at a $9 billion valuation through a merger with a special purpose acquisition company (Spac). What does this news have with EOS? Well, the exchange will be using EOS Public Blockchain to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the platform. Therefore, both the chart and the fundamentals show strength and I believe this is ready to go high! Yours truly, Aloo2k
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by aloo2k
3