Conclusion for today’s EOS technical analysis: Lack of a close below the 3.31 price level implies a weakening of bearish strength and therefore bullish upside potential in EOSIO (EOSUSD).
EOS price chart presented today is a 4 hour time frame with market action from June 1, 2019 till date. A dominant downtrend can be observed using the 200 Moving average, as well...
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Break above consolidation zone.
Bearish market found its support and is turning bullish again.
Bearish market need a pullback now and we should see some price action.
The main reason for this forecast is that we are reproducing in a subtle, but quite close manner, the beginning of the bull market in 2015-16.
Btc had a strong push in Oct-Nov 2016, and behaved in a similar fashion as now, where it is consolidating at a rather high level, like it did in Dec-Jan 2015-16.
What happened after that, 3 years ago, is that major alts,...
Priceline of EOS / US Dollar has formed a bullish CRAB and entered in potential reversal zone.
From here the price action can take bullish divergence soon and hit the sell targets insha Allah.
RSI is already oversold.
I have used Fibonacci sequence to set the targets.
Buy between: 3.4192 to 1.9856
Sell between: 4.5315 to 7.2241
Atif Akbar (moon333)
Things are turning interesting here.
Decreased volatility for the last few days is an indication of volatile price change is in the near future.
We are more likely to have a rally, than a decline, as we are finishing what appears to be a micro 1-5,abc pattern.
If the price continue to stabilize, this will lead for the price action for Alt coins accumulation,...
EOS breaking out of the short term downtrend/pitchfork and beginning to make a new uptrend. RSI should begin to show new green candles soon as it has reset/bottomed across the 1-3d charts. The Commodity Channel Index should lead the way and show an earlier but more risky entry.
Hello traders investors and community. This is an update analysis on my past middle-term analysis of EOSUSD, i wanted to update with an long-term analysis,
now the day has come! We are looking on the daily timeframe and can see...
Use this as a guide to develop your own setup
Today we will focus on the Daily chart, Main Items we can see there:
a)Price is below the ascending trendline
b)A corrective structure was formed finding resistance on the broken ascending trendline
c)The fact that the price couldnt re enter to the ascending trendline zone, is a good signal for the Short...
EOS found support just above a major 1D level (3.2000) posting the strongest rebound since the May peak. This is the first step towards resuming the long term bullish trend. The confirmation of the bullish break out (and strong buy signal) will come once the 1D MA50 is crossed on a repetition of the January fractal. Target: $8.5000.
Being a coin that has done rather well in quarter 1 + 2 rising up the market cap considerably is a move to put EOS in the spotlight of new retail investors looking for riches and retirement with the click of a button.
A move from $2 to $8 Wont scare these guys off, who cares if were are buying a big players 4X bag when the next trip is ATH? I hear them cry from...
FOMO'd this one a bit because alts were looking strong as BTC was looking weak, my R was less than ideal but this was meant to be a quick trade if it worked out, which it did. Set my stop under recent support, and set my sell order right below daily resistance and I'm out. Risk could've been managed much better but I didn't think we were going to pullback much....
This will be my last chart posted on tradingview.
I wanted to end it with the biggest trade anyone can take today.
Daniel Larimer is the next Bill Gates of blockchains. (Don't see EOS has money, see it as shares of dApp's 'internet - blockchains')
With what i posted, you'll be alright for years..
We are at the top of the stock market, gold/silver...