Applied wyckoff accumulation to EOS, this coin has been in the market for so long almost makes me feel like it's about time, massive multi year chart could be the second half of Wyckoff accumulation schematic.
EOS against BTC has been in a downtrend for a very long time. The chart says it all, but lately the chart is creating a higher low and will indeed create a higher high soon.
IMPORTANT - SEC has already fined EOS this makes EOS safe from SEC. Nothing more to say than accumulate from here.
What a beautiful early start to the weekend... With the cryptocurrency market starting to turn green.
EOS is one of the classic Altcoins projects and a "safe-bet" for the long-term.
Here we are looking at it vs Bitcoin and we see solid growth potential.
We have a perfect falling wedge pattern which is always bullish.
This falling wedge pattern ended in a low...
#EOS/BTC Technical Analysis:-
#EOS currently trading around 5309 Satoshi
As Per chart recently Rejected from High Resistance area and Which was Retest level also after Low Break down
I am expecting big Down move coming in EOS/BTC
I think first It will test 3600 Satoshi level. ( Which is -32% Down from here )
If hold 3600 Satoshi Level then good otherwise...
Few months ago, I posted an idea that the low is likely to be put in around 500 SATS. Yet, this idea considered that Bitcoin will not trave as low as it did; this got me thinking... I took a break from the charts due to personal matters and after a while I removed all my analysis from the EOSBTC count.
The current count "fits" better. An extension...
EOS/BTC - Buy it now!
The EOS is wedge-shaped and is just before launch. The small first resistance above is likely to pierce easily, and the resistance in the 0.236 section will be the key. But the energy that has been condensed for a very long time is enough to explode.
I choose to hedge and wait for the new lows to occur;
Once we start to loose market structure, it is likely this is the top.
Personally, I am more inclined to believe this is a running flat as opposed to the expanded one because the coin has been in a very strong downtrend. Every rise is a sell opportunity.
It sound a good buy position here, if and only if there comes some really good fundamental news.
Actually, there are several monthly divergences, which makes me to conclude EOS compared to BTC can demonstrate a technical performance.
This is not a financial advice.
Platform cryptocurrencies are very popular recently
But one that I believe is very undervalued is EOS
The chart looks promising. It has broken all it's major resistances and is now heading towards it's previous All Time High on the USD pair.
It's still the most popular cryptocurrency in China according to this report:
If ETC can pump that hard,...
EOSBTC on the long term mega bullish here on monthly. Price already at the bottom zone. Accumulate around current price levels. Once it breaks its long term consolidation this is a pure moon ride.✅
TO MULTIPLY YOUR BTC HOLDING THIS IS SEXIEST MULTIPLIER OF A KIND.🚀
❗Not financial advice...