We are at this very moment for a correction of EOS
Falling to 0.00053 Satoshis or slightly below that until 23:30
After 23:30 it climbs up to 0.00056 Satoshis
It is likely to rise to 0.00068 or above by 16
Have this as your study base and make your purchases and sales at your own risk.
But if you succeed, make a donation below in my portfolio of Bitcoin
During September and October EOS gained ground against ETH which was plummeting at the time. EOS has now lost momentum and is now clearly losing ground to ETH which now seems to be the preferred smart contract coin.
There may be some support around 0.024, but below that it’s a long way down.
The EOSUSD price is sitting on the major support level and the lower...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot -7.44%...
Looking at ETHUSD, we can clearly see a capitulation V bottom with a lot of volume. EOSUSD is still strugling to confirm support at about 4,5$.
In the meantime the EOSETH ratio is near all-time high.
I short this with a passion and I'll be putting my profit target reaaalllyyyy low on this one as I don't think the EOS bubble is over yet while the ETH bubble...
Looking at some charts and noticed this one. You can long/short this on Bitfinex. Looks like a complete cycle has just finished and like we have been going through all year, this might just be gearing up for the same thing only this time is a chance to sell the top. You can see an extended wave 3 and wave 5 just higher but staying in the trend channel.
spent very little time actually charting the waves + subwaves
did not consider Volume or MACD
Strictly a chart pattern recognition exercise and hypothesis
We shall see
and i'd dump ETH if i had it. but i dont, cause it kinda sucks lol
I have many requests about EOS/BTC.
"EOS on the bottom" they told. Ok, brokeout
of r-resist. of small wedge + previous fractal
looks like we have local rising trend. But!
What the real potential of rise? On 1D chart
we see very strong Resistance zone - X point -
crosses of strong R + f1(fractal resist.) +
dynamic resist. of MA 100,200.
So, I think we may see...
Buy EOS, the chart is self-explanatory.
The overall trend is still intact which is up.
And now we have a falling wedge pattern breakout.
Do your own research.
***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
EOS clearly has established an uptrend against the Ethereum. Since November 2017 price has been moving up, while producing higher highs and higher lows. The recent decline can only be interpreted as a corrective move down, rather then the downtrend.
In March, EOS/ETH broke above the downtrend trendline and has reached the ETH 0.033 high. The current corrected...