EOSUSD (1H Timeframe)
Waiting for the downward break of 3.97 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 4.11 would cancel the bearish scenario.
Stop loss: 4.11
Take profit 1: 3.90
Take profit 2: 3.76
Strategy: Bearish reversal
- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- So be careful and consider if the EOS is a good choice or not, maybe it is too risky.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target...
EOSUSD is set to play catchup with other cryptocurrency pairs such as Bitcoin, Ethereum and Litecoin as price action builds a nice base. I expect that buyers will get more active with a move up through the 5.050 zone so watching to see how sellers react up at the level. The stage is set...just watching for the action to kick off.
Its taking longer than expected but my target for EOS remains the same. Time is a tough thing to predict in the markets. Its something that im working hard to perfect but for now we are at the mercy of the price analysis. my $85 target for eos is still in play for now
Just like many cryptos I have charted , we have extremely large pattern considation a. All gearing up for the next HUGe leg up I. The alt cycles. Eos has reached bottom support of this pattern. 4$ range is roughly that support. Upper resiatnce is up around 5.25s with a .618 target of 10.41
This alt season is abou to get insane if all of these massive patterns I’m...
Hey all, I am following this project for such a long time and seems that a lot of good things are going on with the team, the applications, and all the action near the EOS and Bullish project, soo buckle up guys we gonna have a sweet ride to the top !
From my analysis, if the market and history are going to repeat and the volume from the spring will come in we...