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EOS Channelling Higher with 4.3 TargetTrend Analysis The main view of this trade idea is on the 2-Hour. The cryptocurrency EOS found some support around the 3.20 price level on July 20th 2021 and began making higher highs and higher lows over the past week. This chart pattern appears to be a trend channel. EOS is expected to continue to move higher towards 4.3 in the short term. A negation of this move will be a close below 3.66. Technical Indicators Along with the upward trend channel, EOS is also currently above its short (25-SMA), medium (75-SMA) and fractal moving averages. Recently there was a positive crossover on the KST and the RSI continues to trade above 50. Since the rally off from 3.20 lows, the cryptocurrency’s RSI has mostly been below overbought territory. Recommendation The recommendation will be to go long at market. EOS’s target price is around the 4.30 price level and its indicative stop loss is around the 3.60 level, near the higher low of the trend channel. This produces a risk-reward ratio of 1.73. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EOS .
BITFINEX:EOSUSDLong
by Ceddy86
EOS100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 14 (all trading ideas in the series with commentary and outcome can be found on my profile) As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT. Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed. As I am looking now, it is probably the weakest trade I made, because of the many bullish points. BEARISH VIEW: -Mega strong selloff made me believe that we are going down. -bear flag BULLISH VIEW: -Strong bull wicks at the bottom of the range -Strong support zone (blue line) haven't been breached (only have by wicks) -Might convert to a trading range instead of another leg down. From the retrospect, the stop was incorrect, but i decided to extend my stop/loss manually and see what will happen (decided to risk some more money) Better entry probably would be at the 50% retracement rejection.
EShort
by Sharkethics
False Breakout, Support at 50 MAWe can see that bears tried to break down the up-channel on 4 hours chart, however bulls are still in control and EOS has found a good support at 50 MA (blue line) and it could not get broken for the past several days. Also, we can see MACD lines are about to cross each other soon and the orange line to go below the blue line which confirms buying signal. Following these indicators, we could expect the price getting back to the up-channel and eventually breaking the next resistance at 4.50 mark.
ELong
by George_Iam
Eos (EOS) - August 7Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (EOSUSD 1W Chart) If the price is maintained above the 4.0849-5.1 range, it is expected that the uptrend will continue. (1D chart) If the price holds in the 3.6732-5.1 range, it is expected to turn into an uptrend. To continue the uptrend, it must move above the critical point of 6.4053. If it falls from the 3.6732 point, you will enter the mid- to long-term investment area, so careful trading is required. -------------------------------------- (EOSBTC 1W chart) If it rises in the 8560 satoshi-30400 satoshi section, which is the bottom box section, it is expected to create a new wave. If the price holds above the critical point of 14700 Satoshi, we expect the uptrend to continue. Looking at the big picture, if it rises above the 47210 satoshi-53210 satoshi section, it is expected to break out of the trough section. (1D chart) It remains to be seen if the 9970 Satoshi-11130 Satoshi section can support and rise. If the price is maintained above the 11130 Satoshi point, it is expected to turn into an uptrend and rise. If it falls from the 9970 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. However, it is possible to touch near the 8560 Satoshi point and rise, so be prepared for this as well. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BITFINEX:EOSUSD
by readCrypto