After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
EOS is resting just above a strong but critical Support.
Fib confluence at $6.06x has proven itself to be Solid.
But it must not be tested again, or it could crumble.
I will post updates as things progress either way.
See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.
Currently in Play:
Looking at the veritcal movement of eos, one can assume that eos is in it's wave 3.
I've marked resistance levels in red and the support levels in blue.
The way bottom line will be the invalidation of this count so picking up some eos on the support levels will be one of the easiest trades of the year
Don't forget to hit that like and follow buttons...
EOS Bullish View, But don't chase high.
The recent rally may enocurage a lot of new investors to
"Choing" -- rush into this market.
However, 5.5-6.00 is strong supply zone and a lot of previous buyers were trapped there, a pull back may happen
Good Strategy is to buy the low,
4.5 is a good area to buy EOS.
I have mentioned earlier when BTC hit 3600, and...
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...
Identify horizontal support and resistance lines using your choice of 6 methods.
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8...
One thing that we have not looked at in quite a while, is Daniel Larimer’s coin! EOS.
Let’s see how they’re doing. For this price analysis, we’re going to stick with the USD charts and the USD charts only.
EOS is in a situation that’s somewhat similar to what we saw with Bitcoin Cash where the price is leaning right...
A strong player in this market. This is EOS
According to some experts, Ethereum is gradually losing market share, yielding in many respects to other promising altcoins. It is reported by Bloomberg.
Multicoin Capital Managing Partner Kyle Samani is confident that Ethereum is rapidly losing the lead among the platforms of decentralized applications. According to...
EOS is climbing up in the potential channel. I am posting here a view on my wave count and trade channel.
Alsways keep in mind that you have to count that this channel is not unbreakable, there can occur a throw-over and peaked higher as the upper line of the channel shown in chart.
But even though is trading in the channel very strong weapon for your simple...
On the the daily chart, EOSUSD printed an entry signal on 6/7/19. Today's candle is now showing a confirmation/continuation signal if the daily candle were to close in a similar fashion. The confirmation candle occurs when the market is recovering from a local bottom.
On the logarithmic chart EOS has followed its Channel since the 18th December 2018.
That could mean that the chance of getting supported by the lower upwards trending support line of the channel is smaller than in a younger channel.
Besides that, I think there is a good chance of getting supported by the Channel and the EMA-Ribbon on the Daily log Chart of EOS....
The crypto sell off in early June hit EOS particularly hard, having lost 30% in 3 days, which was understandable given the FOMO buying leading up to what was a sell the news event. Support has been hit and held on several occasions in the $6 area thus far and the indicators have began to show signs of recovery. There has also been a significant drop off in sell...
EOSUSD (Binance) Bull Run is started.
- Looks like this summer will be very hot!
- Trend lines from past interact well with current local Trend bottom.
- Next challenge to maximum price.
- EOS is not my favorite currency.
- A large audience supports and uses this currency.
- I believe that the price for this currency will be shown high, but again it will be...