The market gave us a reversal candlestick pattern below the uptrend line and 4.50 support. I used this bullish signal and opened the 1st long position at 4.30 level.
Today, the market is going to confirm the price reversal. If the close price is at the current levels, it will be the bullish candle with the close price above the downtrend line and 4.50 support....
Trotting higher as ever and currently challenging the key $4.50 flip. I noticed better local RM EOS buying too, and I think that the coin could remain bullish until $7.5 before we see any serious official profit taking. I'd use any dips to enter shorts.
The same flows that have been in play since the...
hey guys good day heres a chart for EOS
We seem to be undergoing correction for wave (a) impulse and morphing wave (b) at current prices
We could have one more leg down however at $3.5 but over all this looks very good!
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similar to Bitcoin most of the top alts are following the same path, so as ESOUSD
the 4.25-4.4 zone which i mentioned in my previous EOSUSD update has perfectly acted as a major support...
Part of my ongoing analysis, see links below.
As you know, the entire market topped and started pulling back.
EOS was already signalling "top" and waiting for btc to start it.
Now we are approaching support zones and possible bottom.
It is POSSIBLE that retrace is done and we move on up.
It is LIKELY that we see one more small leg of retrace.
It is PLAUSIBLE for...
The price bounced from the resistance and moved downward. We talked about such market movement, and now it is the right time to think about buying.
The exact entry points should be based on your exact trading plan.
I'm going to combine two types of trading in this market - long term trading and swing trading.
The price reached the support zone formed by 4.50...
EOS has quite the habit of shaking out soft hands by expanding volatility in large manoeuvres with smart longs covering (see diagram below) and then actively buying at cheaper levels. Buyers had some nice gains and this healthy profit taking was logical and I can see why a retest of $4.50 was...
EOS /USD Fibonacci cluster resistance.
Charts: Daily, 240min, 60min
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What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
White Energy in the 3-Day TF looks similar to other pairs I've posted today. Looks like we are subject to have a brief dip before we continue with our bull run into April, 2020. This publication is labeled a LONG position because this is a LONG TERM ANALYSIS. If you are looking to get in, I recommend waiting for this dip. My opinion of course.
Happy Trading...
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π§π»βπHello everybody! Thumb UPπ if you like this idea!
I present to your attention a simple EOS trading strategy based on the breaking of a downtrend line and clear goals that can bring good profits!
TRADING PLAN:
1. Add the alert above $4.2
2. When the alerts trigger buy EOS and set limit sell orders at the level $4.6, $5.5 and $6.1.
3. Set a stop-loss near...
Followup to my last analysis that caught the EXACT 2019 bottom (click).
We caught a spectacular bounce form the 2019 Impulse Zone.
Now we are approaching some Major Resistance zones ahead.
Time to start taking some profits, or tighten the Trailing Stops.
$ 5.4369 - 5.5090 is Immediate Resistance and a STRONG one.
$ 5.6470 - 5.6750 is a "9.618" zone, very common...
On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than...
If Bitcoin falls, the EOSUSD market will be able to move downward as well.
The price can bounce from 5.50 level. RSI is going to confirm the price reversal. The same goes about MACD histogram.
The downward movement will be good for the market and it will allow to get good trade opportunities. We should wait for reversal signals from 4.50, 3.70 support zones as...
