...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 on my own technical...
EOS can be seen to be showing some bearish movement, following the formation of a H&S pattern, this comes after a inverse H&S also formed. This can be seen to also be occurring on the BTCUSD pair. The alligator can be seen to be eating bearishly and green line will most likely be rejected at the pink line, while more bearish action takes place. A return to a...
EOS broke the trendline resistance from the high 4650 sats and now holding the EMA 26 plus 50MA support on the 4H timeframe.
We can see a potential 1st higher low is being set at 4060 sats. From a bullish standpoint, this higher low is our key guide for the uptrend and if the price breaks this.
Potential uptrend will be invalidated and EOS will continue a...
Bit early but thought i'd do a valentines day sketch, hope everyone has a valentines sorted :P Clear higher lows, could even be an awkward symmetrical triangle. More of an ichimoku analysis, explains on chart. Enjoy!
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.
EOSUSD Now current Market price is $3.04 USD.
What TA Says..?
first we talk about Technical Analysis.
According to Technical Analysis EOSUSD Breakout Confirmed at 05 January 2020.
After breakout it went upto 15%.
and also Retest also done and 50 MA support is very Strong at Retest zone.
and after 188 Days Its broke out 188 Days Resistance and now Trading above...
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.