$EOS leads the 2020 rally and I can make a case that eos finished its retracement already.
There is a slight chance that this transforms into a falling wedge to $3.29 but we'll see.
Bulls need a move above
EOS has been making some major gains and has no real stop in sight. It is currently hitting a small local resistance, but it sits ABOVE this zone. This would hopefully turn 5100 sats into a local support. If this holds, I are am expecting a strong rise to T1 at 5400 sats, T2 at 5680 sats, and finally T3 at 6800 sats. There are major profits to be...
We are now testing support after previously testing resistance in the 5300 area. We have wicked multiple times below support but the body did close back above. I believe we are going to test the 5300 area again
Ascending Scallop formation, big buy signal if this continues and forms a handle, this is based off an expected rejection at EMA level. A golden cross on this daily chart can also be observed. Ascending scallops perform better in bear markets. Short term bullish continuation expected.
I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:
Good afternoon, colleagues! A very beautiful picture is drawn on the EOSUSDT chart with the probability of working out a double bottom. I think many see him! Chic profit!🤑
However, we must not forget the alternative scenario, as well as the possibility of Bitcoin going to 5500. In this case, EOSUSDT will show us the third bottom as a present.😉 Also a good...
EOS has been stuck inside of a falling wedge and has been making its way over the 50 MA back up to the top of the wedge. The next target here is T1 at the 100 MA and right near the top of the wedge at $2.90. This is a critical point, as it is either break outside the wedge, and push onto to T2 and T3, or break back down to the low end back into support....
EOS broke outside the falling wedge pattern but looking a bit extended, I expect the price to consolidate above key support area at 0.5 Fib level.
We could see some minor pullback to retest the 12 & 26 EMAs to confirm as new support before potentially continue its uptrend up to the 3800 - 4000 regions.
Priceline of EOS / Bitcoin cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003163 to 0.0002942
Sell between: 0.0003402 to...
This is one bullish macro scenario I'm looking at.
Before taking any long positions, I'd look for the lows to first be taken out followed by strong volume leading the reversal; from there I'd consider longing any logical pullback into HTF resistance (4721, 7006).
Possible descending scallop (short term bullish reversal) confirmed by a Adam and eve formation. Overall bearish sentiment while in channel. I mainly do this for fun so let me know areas I can improve on!
EOSBTC Looking for further corrections if this current structure breaks down, which it looks like it most likely will. Only bullish signals are that it is printing higher lows, there is definitely room to move lower, even after a significant correction following the H&S pattern.
Included a bearish pennant for anyone learning patterns.