Just before the bitcoin dump we had an hour ago, i posted this chart in my channel and was about to write an analysis but then things went pretty fast. It doesn't change a lot now, so far just a small drop. But it did break the bullish pattern so 2 options now.
1) We continue to drop and a lot when looking at the chart on the left. There are a few support levels...
4HS CHART EXPLANATION:
a) Price is inside an Ascending channel since December 2018
b) Currently, we can see a small channel (dot lines) in which we will wait to see the resolution of that structure, we think it can bounce on the Ascending trendline or in the support/resistance zone.
c) we will only look for long setups above 7.9450 because at that level the...
EOS is currently inside a very nice 4H upward Trend Channel. This gives awesome trading opportunity if you can play in both directions.
For long: You will bet the 7-7.1 region to hold: In that case the EOS bulls will have the chance to reach the upside of the channel again at 8 Dollars, giving 10% profits.
For the case we break it down (which is more probable...
I am super-bullish on altcoins. EOS is one of my favourites.
Technical bullish signal:
- price broke and retested a strong support/resistance level (yellow line).
- we broke inside the Ichimoku cloud, cloud is turning green
- DMI confirms bullish momentum
GL & HF ;)
Hi Guys, EOS gave us the upmove we anticipated earlier
expecting the down move soon to finish the corrective pattern for the upside
(Selling not Recommended with FOMO crypto hype we're experiencing now)
Looking at the chart we can see that the price has been making bullish moves with smaller bearish corrections. In such a situation we can expect the price to either reverse as it hits support line or bounces back up. Our team believes that the two bullish candles indicate that the price will again bounce from the support line and move...
Here is a case of a developed ascending broadening wedge pattern. Typically, the price returns to the level at which the pattern developed. (see 1.a) We see a bounce off of the .618.
Stop would be set above .718
1.00 = Target of $4.95
1.272 = Target of $4.25
1.618 = Target of $3.30 (pattern would be completed)
Hello traders, we see an interesting pattern forming with the trading pair EOSUSD on the daily chart. After the hard decline from last year 2018, we see a healthy uptrend provided in the chart you see. EOS is forming an ascending wedge which you can see in blue on my chart. EOS is trading since december 2018 in this wedge and it isnt completed yet. In the red...