EOS was a fairly popular project in 2017, 2018 and then quickly sank into the past when it was continuously surpassed by new projects such as SOL, DOT.... Innovation comes to EOS in early 2022 by changing the entire leadership team, development vision and future direction. On September 21, EOS conducted a hardfork to renew its own blockchain. EOS calls itself...
We may attempt a Partial-Decline of the Descending Broadening Wedge thanks to the assist from this Bullish Bat.
The Bullish Target would take us to $6.30 but due to how Bearish the Macro has been I'll also take some off at $2.0
Great place to buy some bags, nice close invalidation with a close below 0.886, expecting then to sweep liquidity below $0.81
Hold my beer pls
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No financial advice, do your own research, don't be stupid
What we can see in the chart is a double top pattern.
We expect the price to drop 26 %.
Enter the short only if the price breaks below the neckline (support) .
If the breakdown is real, we should see increasing volume from sellers.
Good luck
$EOS on the 1D timeframe chart is forming a CUP & HANDLE Pattern.
If it’s able to hold $1.0 zone, first target will be a +52% to the neckline. Second target will be a further +31% pump to the upside from neckline area ($1.84)
1) Came done in 3 waves from the top, holding local 1.272
2) While holding major 1.00 target remains 8.236
Nice R:R ~5.6
Hold my beer pls
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No financial advice, do your own research, don't be stupid
We are facing EOS retesting the border of Falling Wedge that was broken some days ago. There is a divergence in Stochastic that shows lows more high and could indicate a reversal point. The EOS Team also has a positive schedule for the next days.
Hi Traders
EOSUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.134 support level. Only the upward break of 1.228 would cancel the bearish scenario.
Trade details
Entry: 1.134
Stop loss: 1.228
Take profit 1: 1.083
Take profit 2: 1.000
Score: 8
Strategy: Bearish breakout
This is my current entry.
Which I am going to build upon so that we can make sure that we are on the right side of the table.
Don't just depend on Crypto. Make sure that you are out there making your money work for you.
EOS is now at my Buy Target since it appears to be at the end of its first ABC correction.
Bullish on EOS, as it has completed a Bear Market cycle after retracing, which means its next move should be a run up toward
an eventual Fib Extension of its previous All Time High.
EOS was also already sued by the SEC and settled, so it has more regulatory clarity than most...
Short things short:
Coming from the top at $1.95 EOS has done a ABC in 5-3-5 with finishing the C leg at a 4.236 fib
This is the minimum requirement for continuation upwards
Final target remains above $2.20
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Keep it simple in LOG scale
1) 2018 massive bull run
2) correcting since then in a hell of a bull flag
3) bounced off the low 0.786 / 2.618 confluence
What could be next?
a) start a new uptrend and break upper trendline > $12
b) continue correction towards 0.886 level @ $0.60
Hold my beer pls
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No financial advice, do your own research, don't be stupid
A Large dominant Falling Wedge structure containing a head and shoulders pattern.
This inverted H&S pattern has already formed the left shoulder and the head, with the right shoulder yet to form
I see in this chart the right shoulder leading to a breakout of the overall falling wedge and pushing price up to a very strong resistance point. Shown with the horizontal...
