Bears have really been trying to blow out this bullish channel but the support trend seems to be nice place for bear traps.
ADL is indicating that the bears are losing strength along with MACD forming nicely alongside CRSI being oversold ,which means EOS as a whole may be coming to the end of its overall decline.
rally volume and momentum is still very strong...
EOS/USD is in a HUGE BULLISH FALLING WEDGE! BIG GAINS COMING!
This is a very large falling wedge, very bullish.
Even more bullish is that the price action is retesting the upper trend line of the wedge.
Hold for a few weeks, may need to stomach large dips..
BIG GAINS COMING!!
Trade safe my friends...
This is to correct the previous post title error below.
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The EOS.BTC daily chart
Confirmation 1: EOS Bullish Divergence on a weekly time frame. Coming weeks 30% bull run.
Confirmation 2: Tested the monthly level at 2479 which is strong support.
confirmation 3: Look at the Triangle Wedge, The upper line of the wedge has been tested and respected 5 times. The Red candle is testing the wedge by wicking at the edge of the wedge.
We may see a test...
After a 53% drop in price since mid Feb EOSBTC is finally starting to show signs of reversing from its non-stop downtrend, what comes down must go up.
On the 4HR TF we are seeing a Sym triangle forming with potential bullish play to the upside if broken & retested triangle as support, this is currently supported by
a change in market structure, from consistent...
...and it’s all out of gum!
Published on mobile -- edited on web client sorry if chart came out distorted; check comment for re-posted intended/accurate chart
Green lines represent TP 1-3
Blue line is S2/Pivot
Volatility: high asf
Note: This is strictly conjecture based...
Two charts that explain why I'm super bullish on EOS/BTC
- The EOS price has broken out above 40k satoshis on January 14, and the rally lasted until February 14. Since then, the price has returned and avlidated the breakout level. This is a very common movement that leads to another upward move the majority of the cases.
- In addition, there is even more...
EOS has quite the habit of shaking out soft hands by expanding volatility in large manoeuvres with smart longs covering (see diagram below) and then actively buying at cheaper levels. Buyers had some nice gains and this healthy profit taking was logical and I can see why a retest of $4.50 was justified:
Team, I've got my eye on this trade if we can break above current resistance.
REMEMBER - we need to close up above resistance before this trade is active, otherwise there is a risk of rejection and breakdown.
ENTRY - 0.0005001
SL - 0.0004682
TP1 - 0.0005544
TP2 - 0.0006124
TP3 - 0.0006858
Take Profit Goal - 36.83%
Stop Loss - 6.38%