BTC is down almost 5% since our last post. While we wait for the 4hr RSI to hold above its SMA and EMA (the 4th confirmation), we could play with the 1hr chart for some intermediate corrections.
Rather than trading BTC for these small corrections, we are targeting...
Priceline of EOS / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 2.9319 to 2.8764
Sell between: 3.0650 to 3.2644
Atif Akbar (moon333)
A completely new chart! Forget all of the old charts of EOS that I posted.
Sure they may play out a bit still. The new EOS pattern isn't that beautiful, but it's the most I am capable of finding. Still think the pattern is more or less valid at least until mid 2020. What's my opinion of this pattern thyen? My opinion is that it doesn't spike my interest...
EOS is in danger of eventually breaking the channel, which would give solid potential. Grandpa Bitcoin is gonna make the decision.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)...
Hi Jame and Joe!
Looking at the daily EOS chart, you can see it is a big opportunity here for trading setup Low risk! High reward!.
There are 3 sensible reasons to go LONG in this trade:
1. EOS came to hit $2.4 which is strong uptrend support from low Oct 2017 and low Dec 2018.
2. EOS is building a big falling wedge pattern. You can see it has been confirmed from...
Systematic growth for about a month.
Move up the stairs.
I think now the climax of purchases will take place, with a coup for sale.
This is not a postulate, the possible will change, but so far I do not see growth.
And if I don’t see growth, then it will be)
Get ready to fly up.
most important stop loss
The price is currently sitting at the Support (Trend) of a Channel.
The RSI STEP TREND is printing a Buy-Signal soon.
Our Buy Zone is located at the Support (Trend) from 3.07 to 3.12
Our Target Price is located at the Resistance Zone from 3.35 to 3.40
Our Stop-Loss (Necessary in this trade!) is located at 3.03
I will update this chart accordingly!
Looks like the ass end of the entire crypto market is going to have a flash crash down to the 7300 dollar level after all. This is going to panic ALOT of people. Time to short Alt USD pairs.