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 still on a strong uptrend or let me say parabolic move up. The next target to the upside is between 5500-5800 sats area.
The RSI has not weakened yet, So I'm guessing there is still fuel left before it will top out. I do not suggest to open a Long position but instead,
wait for the right timing to open a small short position when daily consolidation...
On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than...
EOS also approaching first targets in the swing at $4.5 area as highlight previously. Some minor profit taking is expected on the cross but buying dips remains the preferred trade. That said, I don’t think there will be a prolonged, hard sell off. It’s not very inspiring but as long as EOS remains a funding currency patience and opportunism is the order of the...
EOS confirms new support at the 200D MA regions and has now entered the $4 resistance area again.
As long as EOS can maintain above 200MA for the next couple of days,
we can expect the price to reach up to $5 regions provide Bitcoin's action will find consolidation or skyrocket to 10k dollars.
A funny weekend for Cryptos. Profit taking across most major coins which is only natural after such an impressive advance. BTCUSD spiked to above 9,000, just shy of the 9,200 pivot. EOS has been reacting to the increased purchases of LiquidX. Price settling back towards the highs here and a healthy target at $4.50 seems appropriate to me, especially given how we...
EOS may have set the top on this 4-hr time-frame as the price broke the key upward trend-line.
I'm looking at the price level of support between 3.3 - 3.0 regions before we can see a bounce to the upside.
EOS is trapped inside there falling wedge pattern for multiple weeks now. It is currently attempting to retest the downward channel resistance but keeps rejecting it.
If price can hold support at 3400 sats area and form a higher low. Chances of breaking to the upside are more like will happen
provided BTC dominance will remain sideways action or will...
Monfex is at your service and today we overview EOS/USD .
A week ago, in one week the number of participants in the EOS network fell by 43%. But EOS continue to grow.
Now EOS under and near the resistance line of the big descending channel and it's can be signal to sell. Also we have key resistance level by breakout of which we can open long...
Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still...
EOSUSD fighting for life here. 3.67 pivot breakdown will lead to at least retest of $3.1, but likely lower overtime. This level would equal BTC at 9.4k
In red bearish signs:
- tenken, kinjun negative cross
- MACD negative cross
- below KC channel
- negative volume spikes no positive volume
- still holding bottom of 4h ichi which hasn't properly...