$EOSUSD has an interesting chart here, it seems to be one of the highest potential coins together with $ETH and $BTC naturally, as far as technical patterns go. As far as fundamentals go I'll let others more knowledgeable on the tech behind it comment here if they like, I have heard good things coming from people I respect who are involved in this field.
Hi All, this is my very first analysis but I feel like that I should share some of my ideas on what may happen in the next two days.
At the moment EOS is leading the pack, so I am using it as a leading indicator to show how rest of crypto markets may move. Based on the trend lines, there are not much rooms to move, so I am expecting price movement to become...
With a market cap of $3,497,498,697, EOS is sitting just above Litecoin in the market cap rankings at number 4. It is trading at 3.86 against the US Dollar and has increased a whopping 37.56% in the last 7 days. The recent climb broke the resistance at $3.10 taking EOS above the 100 days EMA and painting a bullish picture. The most likely scenario is a touch of...
We have a yellow channel in the Weekly whose top is coinciding with a support line that is acting as resistance now, if this pattern plays out, the target appears to be the previous bottom where there is support. RSI is also reaching the midway mark where it was rejected previously
However, breaking above this zone would be very bullish
Fractals where on point in January, which is nice, but February is fast approaching and looks like we got weekly events.
I know, that everyone is sad that BTC is below 3.5k - You can thank the Asians for that.
However, what most of you already realize - actually most of alts already have bottomed out and beginning to really spike the hell up.
COINS such as,...
Hey all you crypto traders,
I hope everyone is doing well in the markets. Just thought I'd share my take on what's happening.
By now I'm sure most of you have noticed that the markets are rising again and that it is very likely that we have found the bottom. My take, especially on EOS to USD is that price action has reached an overhead resistance around $3.85 -...
I am ready for the buy-in of a lifetime on EOS.
I already own plenty and am looking to add to my hodl. Harmonically EOSUSD is bearish . Get ready to buy the bottom.
Make sure your risk management is on point, only you are responsible for your actions, the market is just doing its own vibration...
The pattern is a Channel Down on 1W with the exception of a break-out (fundamental noise) during April - June. The key break-out point is the 4.5000 - 5.0000 Resistance zone. The price action below this level is bearish towards 2.2000, while above its bullish towards 8.0000.
EOS is trying break above 100 Day MA & Horizontal Resistance around 3.02
A cleat break will take us to 200 Day MA which translates into 45% Gains from current level. Getting on board this one very soon after confirmation of the break
Also drew an arrow on the price candles to show 0.786 FIB @ $4.636493 is possible before we see reversal to downward pressure. Posting chart again here in comments just in case TV's platform scrunches up the chart too much:
. EOS/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. There is a possibility of temporary retracement to suggested support zone (2.2000 to 1.5500). if so, traders can set orders based on Price Action and...