Hello crypto friends!
Yet another very good Breakout play potential if you didn't catch the perfect C&H plays with BAT or BNB today: EOS/USD on the 4H.
We have currently a resistance box going from 5,6 to 5,76 with the wicks. So if you wanna play this, you gotta be careful. You can in this case ladder your entry, instead of putting all eggs in one...
RIP EOS. Hit that like button if you enjoy functional art!
Be sure to come back for updates!
Drop Target #1 is $1.90
Drop Target #2 is $1.00
I am most likely wrong.. but what if i am not? Never doubt what you may not understand..
As Always..Thanks for looking,
*Disclaimer* All constructs shown are components of Geometricc...
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...
Still in a triangle, boring i know. However, we do observing massive spikes and rallies in the ALT coin community.
So it is obvious to a lot of traders that a bottom is forming and accumulation by smart investors have occurred.
However, the big question is, Can this ascending triangle is just 1-2 wave into 3-4 bear wave?
Stay strong, HOLD the line. Patience...
The price bounced from 6.00 resistance level. RSI and a candlestick pattern confirmed the price reversal. MACD histogram supports a possible downward movement, and the lines are going to prove the same soon. DMI is bullish and ADX line position tells us about trend market conditions. When ADX line starts falling, it will give us an additional confirmation for the...
This is how it evolved afterwards...
I didn't promote this...
It just organically evolved is such a way that the pattern happened to be correct...
This is most probably silly simulation... Because it's supposed to move in a brownian motion.
Look at link. Nothing changed....
Just posted this for you not to forget how silly everything is. And I'm often...
One of the more bullish charts of the coins that I follow is EOS. Now I want to be clear I am far from a fan of EOS and whether the long term viability of the project evolves to add value to coin holders is still rather cloudy, but there is no denying the chart looks great!
This provides both a position and or a swing trade setup, however the market is still...
Sellers did not allow the EOS price to consolidate above the mark of $5.50 yesterday. In the evening, with relatively small sales, it was possible to roll back prices below the level of the moving average EMA55.
On the other hand, there is a ’’Triangle’’ pattern on the 1-hour chart, signing that $5,6 is a key psychological level, which is supposed to be achieved soon.
Sit tight while EOS retraces before completing sub-wave 5 off overall wave 3. We see no real damage ahead with the possible retrace targets close to $5.1 to $4.7.
Like all Crypto this is very much dependent on the movement of BTC. If you are not in just wait for the retrace to complete of for a break above $6.1. No need to rush it a long way back to $23.
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...