You can see a great example of how the trend reverses and the beginning of a new cycle. after reaching the maximum, we fell for a very long time and after we reached the bottom and saw the first volumes of buyers, the accumulation zone began. I will say from my experience after the accumulation zone we will fly out with a large volume of large green candles...
After months of few clear signals, EOS has finally provided us with a beautiful Inverse Head and Shoulders set-up on EOSUSD which has taken near 6 months to complete!
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
Target 1: 9.67
Hello dear crypto friends! ;)
After breaking the Daily EQ bullish with 17% (around 8% for me personally), EOS/USD is at a key Daily resistance currently. The bull flag on the Daily is extremely narrow = strong. Volume is strong. We already saw a bull-break, but 4,5 is gonna be the psychological level to break.
Should we get a definitive break above this...
Hello crypto friends!
Yet another very good Breakout play potential if you didn't catch the perfect C&H plays with BAT or BNB today: EOS/USD on the 4H.
We have currently a resistance box going from 5,6 to 5,76 with the wicks. So if you wanna play this, you gotta be careful. You can in this case ladder your entry, instead of putting all eggs in one...
EOS broke out of the previous Daily EQ range, yet again. As EOS is a high beta version of BTC, we definitely have the potential to move higher to the previous HL at 7,2, if BTC also keeps going higher, with breaking the 9k next week towards 10k. We can perfectly see that EOS is basically doing everything of BTC, just more leveraged, as both the EOS/USD and EOS/BTC...
Short Taken at around mid to low $6 on Daily
Price closed below baseline.
Lead indicator crossed zero line.
Volume confirmed the short.
Support broken & acting as new resistance.
Risk at 1% of portfolio current value.
2:1 RRR at TP 3
Any questions in regards system I am using to place trades please refer to CrackingCrypto channel in...
I opened a few open positions for trading EOS:
1) Buy: 6.5 -> Sell 6.9 (not sure if this is going to be filled so feel free to cash out when you think it is the right time)
2) Buy 6.2 -> Sell 6.5 (roughly 4.8% profit)
3) Buy 5.8 -> Enter long or sell at 6.2 with stop loss 5.70
I think 5.8 will act as major support for EOS/USDT pair as the fibonacci level...