Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a $2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets....
The main thing here is:
1) If the price can go more down to $ 4 and stay there me might see more downside movement to $ 1.5
2) The other side of the picture is - we will got our bullish 2nd shoulder for the upside movement. And as soon as we gonna stay upper than $4 with further breaking H4 trend line - the good buying opportunities could be there. So as for ETH...
EOS - The biggest loser of the last days
We have been experiencing huge downturns in the last 2 weeks. Today we look at the coin, which probably got the most out of the TOP 20.
We will speak about the EOS coin. At the beginning of June, this coin traded at $ 8.67 and is currently at $ 3.70. This is more than a 60% decrease per month and half....
My Elliot Wave count would suggest EOS has completed its primary wave 4 retrace to the Daily 200 MA and also to the Weekly 50 MA. These key moving averages should act as support for the next wave up.
My wave 5 target would be at the top of the channel, there is a fib cluster and previous pivot high there. It looks "normal" in terms of an Elliot...
Hello dear EOS fans & traders! In this special analysis, I'm going to show you why in my opinion EOS/USD is the best tradable crypto asset, with the clearest levels, which makes it perfect for Breakout-trading. I'm gonna give you quite a few breakout examples since November last year. Have fun watching! ;)
If you had some value from my analysis, give it a...
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
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...
Hello traders, EOSUSD makes some INTERESTING moves while the cryptocurrencymarket begins to decline! In my analysis i detected several bearish signs which are important to look at!
In my chart provided you can see that EOSUSD formed a massive ascending wedge till it broke out on 26th june. EOSUSD touched three times the lower line and four times the upper line of...
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Slowly bearish moving market.
Bearish waves starting to form after prices made new highs.
At strong resistance and psychological barrier right now, expecting some bearish pressure!
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...
As I try to see if I can catch the bottom on some alts - I stick with Coinbase alts as they are readily available to the US which is a large part of the alt market (I may be wrong). I still like EOS. I will watching for it to avoid a death cross and for the 50 day moving average to turn back up. Just an update of what I am seeing.
a "buy the rumor sell the news" idea, then buy back position after price comes back down. Trying something new with using the fib rings, want to see if it helps with timing and price projection. Happy Trading Everyone!