The price dropped to the uptrend line, and the price action in this zone is very important for the further market movement.
We got a new swing high, which is lower than the previous one. If the price breaks the uptrend line and the previous swing low, a downtrend will be confirmed.
Now, we should only watch for the price action at the uptrend line and follow...
The cryptocurrency market is flashing red again. Specially EOS lost over 3% in the last 24 hours. The digital coin now is fighting to come out of a sideways trading trend below $3.0. At the same time EOS is trading below the 100 SMA and the 50 SMA on the daily chart.
The nearest resistance for EOS/USD is 2.70 area which is critical. This area includes 50, 100...
First, sorry for a delayed TA, I needed to gather some thoughts, find time, and energy to put the gravity of Crypto for the last year of 2019.
So far this year have been one hell of a roll coaster. I have feeling that December, is just going to get just as wild.
First, we have a fractal on Dec 7th, so this Weekend, we can expect fireworks. I trully, hope this is...
It is possible to go long for 1,5% gain. It is not the best option because it is not many actions.
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The price bounced from the strong uptrend line. It gives us a buy signal. If Bitcoin does not move downward, this market will be able to provide a good trade.
Entry Price: 2.730
Stop Level: 2.320
Profit Level: 3.550
If you trade without leverage, don't risk more than 10-15%. In another way, the max risk must be no more than 2-3% of your capital. If the price...
Major coins are showing the same trend as BTC is trying to change direction.
I will look at the short and medium term.
-EOSBTC-
Prices remain flat.
It is located in the mid to long term investment area.
If prices remain flat, I think if the MACD rises slightly, upward divergence will occur and it will gain strength.
-EOSUSD-
It has risen above 2.6883 and is...
EOS / USD On a global scale, formed a downward channel with a step of external 700%, internal 190%. Trading inside the channel.
Now the price is moving in the local downward channel in increments of 50%. The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50%
EOS local downlink. Potential +...
Now the price is moving in the local downward channel in increments of 50%. The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50%
Points (zones) of a pivot and potential targets, depending on the reaction of the support / resistance level, I showed on the graph.
Stop Loss below the downtrend...
EOS/USD Potential Bearish Gartley Pattern on Log Scale .
Log Chart / Fib levels based on Log Scale.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult...
October surely was a fate defining moment for - CHINA.
China finally realized that the way to truly win the global war against the USA, if it comes to it, is to dethrone Dollar. Something Russia has been actively doing since the sanctions have been placed on it, after the Ukraine debacle.
Nothing threatens the dollar more than creation and affirmation of a...
Like a month ago was supposed (look update from September, 30 in my telegram channel) the wave ended here and the initials started to form in .
On small timeframes, options are possible, they are depicted in the picture, but all these options are united by the fact that it is extremely undesirable for the asset to go below 62% red fib.
With EOS dropping 40% in the past few days, it became the most volatile large-cap alt coin. Thus, an ideal candidate for playing the retracement.
On the daily chart, the price is close to long term support with RSI bullish divergence forming. For shorter term plays, we are waiting for the 1HR RSI bullish divergence to finish forming, which should happen if price...
Nov 3
Priceline of EOS / US Dollar cryptocurrency has formed a bullish Shark 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: 2.6516 to 2.3970
Sell between: 2.8909 to 3.4117
Regards,
Atif Akbar (moon333)
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