Conclusion for today’s EOS technical analysis: The current downside potential for EOSBTC is limited and should be followed by a bullish swing in price. The 6 hour timeframe candlestick chart of EOSBTC is presented using a log scale. Context is provided for price action to current date since inception using a bearish channel (tentative). Also indicated on the...
On EOS against BTC, the corrective move doesn't seem completed yet. We just finished a wave 3 of wave C. So i expect a few weeks of sideways move here before we resume the downtrend for our final leg to the downside. Once completed, i will be very interested in longing this. Probably near this end of the year.
It's looking like EOS might start trending up again after possible support has been found and momentum change (worth noting what is happening with BTC pair of EOS over USD at this time, if BTC drops we know EOS/BTC will be more stable than the USD pairing.
EOSBTC is showing signs of parabolic volume surge Targets 1 to 3 and stop limit posted on chart above. Which alone is not enough of an indicator— being on the 2H chart with a huge red candle on anything smaller; thus confirming this is a most likely mid to long position. If you are a lower EMA forex trader or dare I say if...a day-trader then...
$EOS In between a rock and a hard place. Volume isn't really impressive. I'm not taking a position here, we're too far gone to short, and I'm not confident enough to take a long.
Hello my friends these are coin targets eos
Hi, looking to buy between 3900 and 3800 stop: two consecutive daily close below 3750 Targets: 4300 first and 4700 as second target Good Luck
Hello Traders, My Elliot Wave count would suggest EOS has completed its primary wave 4 retrace to the Daily 200 MA and also to the Weekly 50 MA. These key moving averages should act as support for the next wave up. My wave 5 target would be at the top of the channel, there is a fib cluster and previous pivot high there. It looks "normal" in terms of an Elliot...
Hello Traders, My EW count would suggest EOS is in the middle of a wave 4 retrace and currently looks to be inside a descending triangle/bear flag. My target for this wave 4 retrace is the Daily 200MA. Nearer the time I will be looking for oversold conditions on the RSI and change of momentum to help further identify the bottom of this corrective leg.
Have a look what happened since the last analysis, before I take the drawings away: => We saw a breakout out of the Descending Triangle, but no follow-through whatsoever. The reason is because grandpa BTC lead that breakout, and all the attention is on him, in the direct correlation EOS/BTC we're getting completely smashed: Right now we're barely holding the...
Hello traders, EOSBTC is close to the bottom so wait for reversal pattern because can be the move to new ATH.
If it plays out i will explain in detail what exactly lead me to see this setup and why i think its a correct play. If it fails - im wrong and there is no need to show the reasoning behind the trade.
Hello dear crypto friends, imo EOS has currently the best setup in Cryptoland: We have a clear 4H descending pattern . We have now even tilted slightly to the upside at the bottom, which is always more bearish than bullish. What does it mean? If Bitcoin is going to break bearish, I'm definitely going to look towards playing EOS, simply because of the...