EOSUSD - Big downward reversal over the last couple of months took place and now is the time for a bigger correction to start or the beginning of a complete uptrend!
Look for a rejection at the trend line to complete a 123 flat and 1 more dump to break the low before reversal/correction or we can just turn from here if we do not get a fat...
For my personal study
EOSUSD is standing at the rather significant area now.
It should have to determine its way soon.
- I guess it's forming a ascending broadening wedge and it has failed to break out its upper resistance.
It looks like it would re-try its pattern to goes up, but it still has possibility to goes far down form here.
My personal target is around...
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...
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...
Reasons for open position:
- Price broke trendline ===> SELL
- 1st target 4.00$
- 2nd target 3.75$
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, you can ask me questions which you have in comments! Please no need to write them in PM, ask in...
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,...
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)
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,...
I've been waiting to release this idea for a while...
I think it will have a very bloody crash and will drag along all of the crypto market with it (since it's the 5:th biggest crypto currency).
I think it starts now, these next few hours, and continues almost a month ahead. If it doesn't start the next few hours as I say I'm probably wrong. But I doubt it.
EOSUSD Been in a descending channel for some time now, and is currently sitting at a major level of support.
EOS may break out of the descending channel and begin an uptrend, or it may break it's support and continue downwards.
I think it will break the downtrend.
As you can see on the chart, the all time uptrend line in green and the bearish downtrend line since the the last al time high in black.
At this time EOS is testing the green uptrend line. Lets see if it bounces
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...