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Possible Targets and explanation idea
➡️Weekly chart without all noise on low timeframes. Fib in Play. We traded in accumulation 0.27 zone. From May 2022
➡️Now touched fundamental price line on...
KUCOIN:EOSUSDT
Sell cycle over, new cycle, new highs!
EOS/USDT Market Entry.
TP1 = 1.3237
TP2 = 1.4491
TP3 = 1.7164
TP4 = 1.9116
If your a SL kind of trader, 1.1500 should suffice but I dont use any negative tools to manage my risk so stay focused during the early stages. Any lows under the yellow horizontal line are buy positions for the TradeGod.
Choose...
Pattern: Fibonacci Channel Up on 1D.
Signal: Buy when the price enters the 1D MA50 (blue trend-line) 1D MA100 (green trend-line) zone, which has been the buy zone throughout the year. Also buy if the RSI enters its Support Zone before that.
Target: 20.00 - 25.00 depending on where the price enters the buy zone. Measure a 1.786 Fibonacci extension from the...
EOSBTC broke above the Lower Highs trend-line that started on April 2018 that has essentially marked the start of its Bear Cycle. By doing so, it also broke the 1W MA50 (blue trend-line). That was the first hit on that line since the June 03 2019 1W candle. This bullish break-out is supported by both the RSI (broke above its 1 year Resistance) and the LMACD...
Crazy day for EOS, which grew over 60% before enduring a short but rather violent correction. Now the declines seem to have stopped, and EOS seems to have started to recover the lost values. With a little luck in the next half day it will exceed the maximum of the previous day. The alternative would be to continue the declines, but this direction does not seem...
Pattern: Channel Up on 1D.
Signal: Buy once the price enters the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) Zone. The RSI is already waving a bull flag for those who seek more risk.
Target: 12.350 - 15.250 (depending on where the low will be in order to calculate the 1.786 Fibonacci extension).
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EOS has been demonstrating negative momentum over the past couple of days. If the price continues it's current trend, another dive to the downside will be likely. I', currently short.
Pattern: Falling Wedge.
Signal: Bullish towards the Lower High trend-line of the Wedge and then Bearish towards the Inner Lower Lows trend-line.
Target: 0.00033 and 0.00026.
Previous EOSBTC signal:
Interesting development on EOS with the price testing the 4.5300 Resistance. The bounce of the December/ January rise from the 2.1600 Support all the way to the 4.5300 is symmetrical to the February/ March 2019 rise. As such, I expect a Golden Cross to take place and by May reach the 8.6880 High.
Pattern: 1M Channel Down.
Signal: Bullish as the price based on the RSI appears to be replicating a previous seuquence that led to a new Lower High.
Target: 0.00055 (right below the 0.382 Fibonacci retracement).
EOS found support just above a major 1D level (3.2000) posting the strongest rebound since the May peak. This is the first step towards resuming the long term bullish trend. The confirmation of the bullish break out (and strong buy signal) will come once the 1D MA50 is crossed on a repetition of the January fractal. Target: $8.5000.
EOS is looking good within its 1D Ascending Triangle. While the recent rally started by the bullish comments of Dan Lerimer (EOS CTO), more positive fundamentals kicked in (Bitfinex launching Eosfinex) and the $4.00 level can be turned into a support.
Such strong spikes since February have most of the times turned into sideways trading until the next one (hence...
