EOS has been forming a large gradual cup over the last couple months with its resistance line being placed in the chart above at 0.00062 buying in now is quite safe and then waiting for a run. I've outlined possible elliott waves for eos, but this is not factoring in crypto coin's tendency to exponentially increase when lots of interest begins to surround the coin...
1st TA : 125k sat 2nd TA : 160k sat Waiting for eos to break 70k sat
eos is a token on erc20 on eth and i think if execution plan on blockchain, it may good project and profit for 2018
Just a quick idea, looked pretty ideal for an ascending triangle. Personally been holding eos but havent entered into profit yet, so lets hope it follows the pattern! Volume is relatively low so room to go up RSI is around 50 - 60, so not oversold, room for growth is there MACD looks like it just went above the signal line on 12h Candles on Binance As I said...
EOS has been in a consolidation period for 18 days. Price action has moved up 27% from the recent lows. It appears that the motive wave will complete at the .00068815 level which is also the completion of the 88.6% fib level of the bat pattern. I can see a correction back down to the 61.8 % level of .0057949 .
Eos will up with support XABCD Pattern Buy order : 55000 Profit Target : 63000 - 69000 - 78000 - 90000 - 102000 STOP LOSS : 48000 GOOD LUCK EVERYONE
I'm bullish on EOSETH. This is based on the fundamentals. Price-wise, the arguments are the same for EOSUSD. Please check out my other post. Also see my website www.jlteng.com
Let's look for another impulse wave up, as we are still in a good uptrend according to the 200EMA on the 4HR. If we break the uptrend line, abandon this idea. Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs. Cheers and GLWT! -Erik
Growth rate on eos is very nice, mainnet to launch this year and now we see a new upward trend that we hope to see break ath this week.
Recommendation: Strong fundamentals. Accumulate on dips. EOS founded Brock Pierce and Dan Larimer is one the most promising projects of 2018. It promises millions of tx per second to scale dApps built on its infrastructure and if true, will pave the way for mainstream utility and adoption. The people and the team have a strong track record in blockchain related...
Here is a coin with a lot of long term potential. We just had the first sell off, causing a new Elliott Wave sequence. Price just landed on ichimoku cloud support telling me we have buy support. Oversold RSI. Aim to buy the top of the cloud! Target: 0.001
If EOS breaks 0.00050 btc and the trend line since the rising of eos, we're heading to 0.00055, it may have a break and then continue to 0.00060 If not, it will go down to ~0.00045
General mid-long term vision is uptrend for EOS. Present internal structure of major wave 3 may be organised in a few various ways, though unless last resistance levels are crossed, long positions are safe.