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...
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%
Please review charting for figures: provided a short/mid/long target for you folks and most importantly: a stop-loss IMHO EOS has been VASTLY undersold; henceforth, I would apply a forexsignal to EOSUSD and even EOSETH another undersold token which is capable of scaling and will do so IMHO.
Not financial advise.
Since Feb 2018 the priceline of 7th largest cryptocurrency EOS moving within a triangle.
After Dec 2018 the price action is hitting the triangle support.
The candle sticks are also hitting the bollinger bands lower band.
The stochastic went in oversold after Jan 2019.
In the meanwhile the price action also formed a bullish BAT pattern at the end of triangle and...
Hi guys its Brian here. EOS is currently at a major support level where price has bounced off it and went on to make a strong upward trend.
Very good risk to reward ratio if putting stop loss just slightly below the support in case it doesn't hold and price breaks below it.
Conservative target has been placed at the next short term resistance but you can aim...
Friends and foes, welcome to this analysis of EOS-BTC.
I have analysed the daily chart of EOS with the best of my knowledge and i am posting the statistics here. Please note that i am learning TA and i am using this article as a log for my progress. This is not an investment advice. Invest your capital at your own risk.
So, without any further ado, let’s get...