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EOSBTC trade ideas
EOS/BTC has found the floor (?) Worth risking going long.Hello everyone,
Looking at the daily, three days, and weekly EOSBTC chart, I see a possibility for growth here, IF the volume spikes. Risk to reward ratio here is looking very healthy. Just pointing out ideas for a trade, remember to do your own due diligence.
$EOS, Testing once again the descending channel..$EOS
Testing once again the upper trendline of the descending channel..
Currently matching both EMA50 & resistance level at ~38k sats..
UCTS is still on a Sell for 1D & 2D TFs
Only interested on a long position if it is able to cross & flip it into support...
Set alerts!
#EOS
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LONG - EOS - Trading OpportunityThe bottom of the daily cloud consolidation, looking like a breakout is coming after BTC takes a break.
Entry: 0.0003654
Target 1: 0.0004022
Target 2: 0.0004482
Target 3: 0.0004997
SL: 0.0003456
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EOSBTC Diamond Pattern| Breakout Imminent !Hello Traders!
Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent…
Points to consider
- Trends is overall bearish
- Local support and resistances are posed by the diamond formation
- Structural resistance in confluence with diamond bull break
- Stochastics trading neutral
- RSI approaching apex zone
- EMA’s neutral, no clear direction
- Volume declining
- VPVR decreasing in transactions in both bull and bearish direction of the diamond pattern
EOS macro trend is considered to be bearish, putting in consecutive lower highs as it entered into to current diamond pattern. Local resistance and support of the diamond pattern are converging, coming closer to its apex; a break will be imminent in the near future.
Structural resistance is in confluence with the technical bull break target of the diamond pattern. A bear break target will however post new yearly lows for EOS, a break in either direction is imminent, we just need to wait for confirmation.
The Stochastics is currently trading neutral, momentum is stored both ways for the bulls and bears, we don’t have a clear direction as of yet. The RSI is however approaching its apex; a break will come to fruition which will be in confluence with the actual price break from the diamond pattern.
EMA’s are quite neutral with no clear direction; price is clearly trading through it. A break will establish either support and or resistance for the EMA’s, this will obviously be in confluence with a bull and or bear break.
Volume is declining, low volume suggests that a breakout is coming; we need to see an influx of volume with follow through to avoid a false breakout. The VPVR is quite interesting, volume of transactions have decreased both ways, this signals low levels of resistance posed by the VPVR when price breaks its apex…
Overall, IMO, a break from this pattern in either direction is very close, with concessive targets. We have volume declining as price comes closer to its apex, an influx of volume is more likely to come to fruition which will signal the break from the pattern.
What are your thoughts on this diamond pattern?
Please leave a like and comment,
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
$EOS, Bouncing on a descending channel on HTF$EOS
Bouncing on a descending channel on HTF
Waiting on the sidelines
A potential short opportunity can be opened at upper trendline/~38k sats retest
While crossing above it, flipping R/S will change my bias into a bullish one
UCTS on the 2D is usually clear on this asset
#EOS