Relative Strength Index: The RSI is currently at 40 points, right at the bottom threshold. This means the market is hovering in the oversold stage meaning that either a trend reversal or sideways trading is expected in the next 24-48 hours.
Bollinger Bands: The priceline is closer to the lower end of the bollinger bands which also signals a potential bullish...
EOS/USDT has had three legs down with out any kind of rebound. When prices move in either direction very quickly, the same move in the opposite direction is completely reasonable. So far we have not had any correction to the upside. Currently we are sitting at support and bullish divergence is showing on the 4H and 1H chart. I have no way of telling where the...
High Risk Long can be considered around 4.07-4.33 if this area holds
61.8% Fib Area
200 Day Ma
As long as Bitcoin holds 9700, this is a high probability trade
Targets 5.12 & 5.97
Stop Loss: No Hard Stop, Manually close it if we break below 4 with heavy volume. Close at small loss or...
EOS has retraced the recent run from $1.54 - $8.71 directly into the 0.618 Fibonacci golden zone level at about $4.30 where most trend reversals can be expected occur. Does this complete the ABC correction? Will we begin to see a new Fives Waves Pattern?
"In Elliott’s model, market prices alternate between an impulsive, or motive phase, and a corrective phase on...
Have a look what happened since the last analysis, before I take the drawings away:
=> We saw a breakout out of the Descending Triangle, but no follow-through whatsoever. The reason is because grandpa BTC lead that breakout, and all the attention is on him, in the direct correlation EOS/BTC we're getting completely...
Hello dear crypto friends, imo EOS has currently the best setup in Cryptoland: We have a clear 4H descending pattern. We have now even tilted slightly to the upside at the bottom, which is always more bearish than bullish.
What does it mean?
If Bitcoin is going to break bearish, I'm definitely going to look towards playing EOS, simply because of the clear...
Another candidate that I had looked at extensively with my mentee Richard today was EOS: we have a clear Descending Triangle on the 4H.
If we look on the Daily, we can clearly see how crucial the current stage is: A downbreak would lead to 15-22% profit on the bearish side.
A break to the upside will lead to the previous...
My EW count would suggest EOS is in the middle of a wave 4 retrace and currently looks to be inside a descending triangle/bear flag. My target for this wave 4 retrace is the Daily 200MA.
Nearer the time I will be looking for oversold conditions on the RSI and change of momentum to help further identify the bottom of this corrective leg.
After a TK Cross to the downside and finding support at the bottom of the kumo cloud, a potential recross to the upside would seem to be very bullish.
The Stochastic RSI currently shows a buy signal with a cross potentially occurring at oversold levels signaling a possible reversal.
Following the MAC-D Divergence signal on 6/30, a continuation would be bullish...
Hello der EOS traders, let's have a look at our last analysis:
We had looked at that bearish upward channel, which saw a nice breakout, completely overshadowing our take profit zone of 7%, giving up to 20%.
Now EOS is at a crucial Daily & Weekly support of $5.70. Either we have the chance for a Bottom-fishing play here,...
Here we have EOSUSD 1D chart.
By looking at this chart you see healthy bullish trend with repeating triangles with equally ratios from the bottom to high taking from the point of breaking, So we are waiting something interesting here by looking to the positive or bounce side.
As analyst you must take all probabilities you have so what's the bad...