Hello guys, analyzing the biggest cryptos I would like to point attention out on EOSUSD: in my opinion price is close to an important watershed level. In fact price is near the trend line supporting the bullish movement started from the end of October, 2017. It represents an important supportive area: we can consider this level to around 7 USD and once the level...
EOS has been forming a rough 3-month falling wedge and currently is curling down from the upper trend line resistance at 0.00105. However, it is very close to the convergence point of the resistance and support lines, so we could see a violent upward reversal. Also, there appears to be bullish divergence on the RSI, hinting at a move upwards. My strategy : I...
Hey guys, This time we are going to take a look at EOS.Even though this token is surrounded with hype at the moment,tehnical analysis might suggest that we are going to see a correction in the near future. There is nothing to be afraid of,as we are currently respecting a very well-established trend,represented by the white triangle shown above. Unfortunately,we...
Hello guys, EOSUSD is in a very precarious situation. If prices are not able to rebound from the actual level, the likelihood is very high it comes back to around 6 USD. At the moment price is near the trend line supporting the bull trend started during November, 2017. It's a critical point. If we analyze EOS against BTC on a daily chart, we see it's in touch with...
After consolidation between the price zones $ 7.05- $ 7.35 and $ 8-8.3 $ the price broke the upper zone. If buyers keep the zone 8-8.3 - long to 10.2-10.7. If we go below $ 8, we will return to the consolidation zone and a possible breakout scenario of 7.05 for the zone test 5.45-6.35. Also, see the more global idea of EOS , which will explain why I'm waiting for...
EOS - BTC Short Potentially the easiest short of the year on Bitmex... In my opinion we could see 0.00148 / 0.00126 / 0.00095 if this gets shorted like I think its going to. Yes there will be corrections, distribution & what not on the way down but there is truly serious downside potential here. Why? Huge run since April on no spectacular news Blow off...
If we consider 2 variants on EOS, in my opinion in both of them we should still go down. If this is a reversal, we need to provide a level of 7-7.2. And with a small or average volume of the test, we can talk about a reversal (after consolidation). Especially in the price zone 8-8.4 we met the serious resistance of sellers. If we plan to go to $ 5.5-6, sellers...
At the moment EOS is moving in a certain pattern, pushing itself from the bottom of the trend line, from the top of the price level, where the buyers record the profit, and the sellers go to the shorts. The frequency of repeating the full price movement from growth to fall is about 100 days. So I expect to make 2 trades in these 100 days: 1) Long EOS at a price of...
Hi, Whilst I haven't closed my short opened in the previous charts @ 0.0017.. I just wanted to update / re-evaluate. My answer, I keep that short open. I am gutted I missed the chance to add to my short overnight though after looking at the chart! Why still short? Fundamental update First & foremost lets get the FA overwith: EOS has been a disaster...
EOS has not been in best shape (mostly due to fundamental reasons) lately. The price reflects that by creating double tops even though volume is at its peak levels. After every drop, the price has fell. As this confirmed the fib retracement level as a resistance point, EOS should fall downwards a bit more in the upcoming hours.
I'm bearish on EOS overall. Its due a correction, there is nothing special EOS has to keep it up where it is unfortunately. If you don't already know - the mainnet launch was a total disaster. They don't have enough EOS staked in the network for it to be online. *When they do get their 15% stake and go live...I imagine we will see a short lived fomo pump,...
This is what I see today. We are testing fiblevel 38:20% from our all time high, I think we do not have enough volume in the market and therefore expect us to take an even bigger correction down to 50%, but I do not expect we will hit this exact as we hope to find good support on the trendline from this uptrend from last run. Rsi is not looking good and want go...
You can check my profile for video explantion on EOS
Setting a limit order at developing POC level if price action breaks support.
EOS moving in channels. Bigger channel (red) longer term bullish, smaller channel (purple) shorter bearish. Previous wave movement could repeat in the last one. So i would consider good entry points the Fibonacci retracement levels around 7.64$ and 7.19$ and i expect upward movement when price is near the red channel upward trendline. Pay attention when price...
Since people liked the analysis of the EUR/USD pair, I decided to continue. Also pleased me the number of views. And so the short-term trend is still upward. This time I decided to conduct a quick wave analysis and the nearest targets. Seems to have formed a triangle or pennant. Goals for him marked on the chart. In General, I like it with my triangles. We are...
We are only an hour away from the EOS airdrop. Based on previous forks and airdrops, there is a good chance we'll see a dump shortly after the snapshot. Especially given the recently EOS pump, it further supports the thesis that many traders have bought EOS for the free airdrop coins. Daily RSI are close to overbought levels and open margin short to margin long...
Hi, everybody. Very similar to the final diagonal triangle. The divergence confirms the imminent release of the down. Approximate levels on the chart. Didn't do the wave analysis