You can see a great example of how the trend reverses and the beginning of a new cycle. after reaching the maximum, we fell for a very long time and after we reached the bottom and saw the first volumes of buyers, the accumulation zone began. I will say from my experience after the accumulation zone we will fly out with a large volume of large green candles...
As the weekend approaches, volatility usually appears also with a push by the bulls or bears for dominance. The chart of EOS suggests that it wouldn't take much effort on the part of Bears to drive this down, the volume is very concerning which is on a steady decline. Unless BTC can bring a bit or sparkly back into the market a drop to $5.40 and the bottom channel...
EOS Bullish View, But don't chase high.
The recent rally may enocurage a lot of new investors to
"Choing" -- rush into this market.
However, 5.5-6.00 is strong supply zone and a lot of previous buyers were trapped there, a pull back may happen
Good Strategy is to buy the low,
4.5 is a good area to buy EOS.
I have mentioned earlier when BTC hit 3600, and...
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
The price bounced from 6.00 resistance level. RSI and a candlestick pattern confirmed the price reversal. MACD histogram supports a possible downward movement, and the lines are going to prove the same soon. DMI is bullish and ADX line position tells us about trend market conditions. When ADX line starts falling, it will give us an additional confirmation for the...
Identify horizontal support and resistance lines using your choice of 6 methods.
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8...
EOS has been lagging in the bull run of large cap coins.
But it has been following a clear rhythm since the bottom.
If bulls hold the 5.618 around $5, then the 9.618 is possible.
If the 5.618 breaks, then the 4.618 is absoulute last stand.
If the 4.618 breaks, then we may have a serious correction.
If the 4.618 hist and bounces, then the 8.236 is likely top.
After months of few clear signals, EOS has finally provided us with a beautiful Inverse Head and Shoulders set-up on EOSUSD which has taken near 6 months to complete!
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
Target 1: 9.67
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
I am ready for the buy-in of a lifetime on EOS.
I already own plenty and am looking to add to my hodl. Harmonically EOSUSD is bearish . Get ready to buy the bottom.
Make sure your risk management is on point, only you are responsible for your actions, the market is just doing its own vibration...
Conclusion for today’s EOS technical analysis: Price closing above ~9.38 implies more bullish upside in EOSIO.
The Daily timeframe candlestick chart of EOSIO is examined in today’s analysis on a logarithmic scale. The bullish price swing from December 08, 2018 till current date is the main focus of study using chart pattern(s) and moving averages.