EOSUSD printed a head and shoulder followed by a rising wedge, bearish divergence also printed on RSI.
SHORT POSITION
ENTRY: 1.12007
STOP LOSS: 1.24311
TP 1: 0.99704
TP2: 0.87400
LOT SIZE: 715
TRADE 1: RR: 1:1
TRADE 2: RR: 1:2
Second test after the Spring phase done. This will get way higher than 50$. But yes, it will take time. Expect some violent moves. And I would not sell on the way up, this will go sideways at most during the re-accumulation ranges and people will FOMO hard after the 8$ resistance is broken.
EOSUSD just broke out of a triangle and found support at the 0.382 Fib
Entry levels at $1.23 & $1.27
Price targets:
— $1.42
— $2.00
— $2.64
— $3.48
It's time to catch the next wave!
EOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry.
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is...
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
Hi Traders
EOSUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.174 support level. Only the upward break of 1.216 would cancel the bearish scenario.
Trade details
Entry: 1.174
Stop loss: 1.216
Take profit 1: 1.151
Take profit 2: 1.125
Score: 5
Strategy: Bearish breakout
Hi Traders
EOSUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.174 support level. Only the upward break of 1.216 would cancel the bearish scenario.
Trade details
Entry: 1.174
Stop loss: 1.216
Take profit 1: 1.151
Take profit 2: 1.125
Score: 5
Strategy: Bearish breakout
First of all, EOS is a strong project
By analyzing this currency, we realize that all movements of this currency are channeled
In the last stage, we have two small and big channels
The small channel target is $8 and the large channel target is $40
The condition of entering the transaction is the failure of the channels
The price of 8 to 9 cents is very reasonable...
We have a Confirmed Partial-Decline of the Descending Broadening Wedge; The Bullish Target would take us to $6.30 but we have room to push to around $10.50
Another one that hits...
In a previous trade idea we looked at the Adam & Even bottom pattern and the breakout happened just as expected and EOSUSD went up.
The first resistance has been hit, 0.382 fib. with high volume...
The potential is huge, we trade EOS with lev....
Imagine 115% with 10X, that's 1,000%+
The market is doing its thing, it cannot be...
EOSUSD may be late at the party but crossed today over the Cyclical Falling Resistance, entering into Bull Cycle territory.
The MA50 1D is supporting.
Currently testing Resistance (1) at 1.24000.
Trading Plan:
1. Buy if the price crosses above Resistance (1).
2. Buy if the price pulls back to the MA50 1D.
Targets:
In both cases 1.8800 (Resistance 2) and 2.8500...
Rising wedge, ascending triangle, flag, channel or even inverse h&s.
Given current market situation an upbreak from trend will result in a decent (short term) rally towards 2.618 or even 4.236
A break down however would be bloody
Hold my beer pls
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No financial advice, do your own research, don't be stupid
theCrypster -
Coming straight off a test of the upper-most resistive trend line and getting a strong Sell signal from Crypto Tipster v2 is just about all we need to confirm this trade!
There's a nice level of support around 15% below the current price and this is our target area.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
PA looks like a ready ABC within a flag.
Has to break the flag upwards to avoid death with new ATL
Hold my beer pls
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No financial advice, do your own research, don't be stupid
