EOSBTCWeekly Bollinger bands super tight, I'm expecting a large move to the upside. Very close to breaking 200MA on the Daily EOSBTC chart too
EOSBTC trade ideas
EOS/BTC TA Update (Quick Pump?)EOS/BTC
EOS bounces off at a key support area where the 0.618 Fib is located. EOS also manages to take down the 3756 sats High,
I can see less resistance after it. My next target is around 3900 sats before a potential pullback to happen.
#EOS Price Update As we can see, the price has breakdown through the ascending support of the triangle with the flat resistance , which means that the up-trend was broken and now is forming a horizontal channel .
The point from where we can start looking for any reversal pattern is located at the 0.0003060 level, until this level we can consider opening SHORT , but remember not to enter short here if you LONG $BTC, cause the correlation between these two assets is 93% .
EOSBTC 45Min BullflagEOS has formed a bullflag on the 45minute chart.. Shorter timeframes such as this can be often less reliable.
EOS: same pattern again?We see that there is a breakout of the cup and handle while a breakut of the resistance line is also likely. The same patterns seems to repeat itself. We'll see.
Equilibrium| Double Top| Trend Change ?Hello Traders!
Today’s chart update will be on EOSBTC with a potential daily trend change coming to fruition.
There are key levels that must break for further confirmation on a bullish bias.
Points to consider,
- Trend putting in higher lows
- EMA’s turned support
- Local resistance being tested
- Volume declining
- RSI approaching resistance
- Stochastics in upper regions
- VPVR decreasing in volume of transactions
EOS has established a trend line with a third touch confirming a higher low on the daily. Bulls need to defend this line for a continued bullish bias.
EMAs have turned support and is currently holding price near local resistance, signalling that buyers are picking up momentum.
Local resistance is a key level to break in the trend as this will put in a new higher high, confirming the structural change of the trend. Volume is declining; an influx of volume at key levels will indicate an actual break.
The RSI is approaching its resistance; a rejection will send it back to neutral levels, as it has multiple times now. The Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside.
The VPVR, decreases in volume of transactions upwards from local resistance, this shows low resistance for the bulls in the metric of volume of transactions.
Overall, in my opinion, EOS is in a potential equilibrium with a clear double top to break for a full trend change confirmation. EOS is already showing early signs by putting in higher lows; it just needs to break key resistance levels.
What are your thoughts?
Please leave a like and comment
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
The Case For A Bottom...I have counted 5 waves down here and it appears to be flat since it's last low...which is leading me to believe this is accumulation before the next up cycle.
EOS/BTC TA Update (Broke Bullish?)EOS/BTC
EOS broke outside the falling wedge pattern but looking a bit extended, I expect the price to consolidate above key support area at 0.5 Fib level.
We could see some minor pullback to retest the 12 & 26 EMAs to confirm as new support before potentially continue its uptrend up to the 3800 - 4000 regions.
EOS/BTCEOS chart is getting ready for a massive leap. Trendlines clearly show how the EOSBTC moves. Consolidation may occur in this range, and any break above or below will lead to a strong movement
The support now acts as a resistanceWe have seen EOS breaking through a major support lately. This is probably the beginning of a downtrend while this support is now acting as a resistance.
SHORT EOBTCPerfect Shorting Opportunity. Sometimes you just have to trust your original gut feeling.
God Speed,
Mr Lucifer
EOS/BTC bearish batEOS/BTC broke weekly triangle and currently is making a bearish bat pattern.
Short is at 3600 target is 0.382 and 0.618 fib retracement. 0.886 is a low risk short zone because it's 55 daily resistance and weekly resistance.
EOSBTC forming bullish Shark | Upto 32% bullish move aheadPriceline of EOS / Bitcoin cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003163 to 0.0002942
Sell between: 0.0003402 to 0.0003903
Regards,
Atif Akbar (moon333)
EOSBTC SHORTGoing back in. The dominance didnt dump sharply the way I thought it would. Closed out the xrpbtc longs as well. Dont feel good about it.
God Speed,
Mr. Lucifer
EOS WEEKLY$EOS Weekly
This is one bullish macro scenario I'm looking at.
Before taking any long positions, I'd look for the lows to first be taken out followed by strong volume leading the reversal; from there I'd consider longing any logical pullback into HTF resistance (4721, 7006).
EOSBTC sell on H1Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EOS/BTC scalpEos has been holding preety good vs BTC, 3300 satoshi holding.
So:
1:10 leverage
entry: 3306, TP 3500-3636
SL: ? 2.155 vs usd?
EOS Down 61% vs Bitcoin since REX! #REXITEOS mainnet launched REX on 1 May 2019 and it has been a disaster both in terms of EOS value and exploitation by EIDOS.
This chart clearly shows the drop in value. Bitcoin is used as reference versus USD since cyptos tend to move together.
REX has CAUSED a drop of EOS vs BTC value by 61% it's time to ELIMINATE REX #REXIT now
EOS/BTC TA Update (Rejection from Downward Channel?)EOS/BTC
EOS is trapped inside there falling wedge pattern for multiple weeks now. It is currently attempting to retest the downward channel resistance but keeps rejecting it.
If price can hold support at 3400 sats area and form a higher low. Chances of breaking to the upside are more like will happen
provided BTC dominance will remain sideways action or will not create bullish upside.
