EOSUSDT.P trade ideas
EOS has pumped 15%. What's next?Hello, dear TradingView members.
This idea is an EOS analysis.
EOS has moved 15% up today and reached the resistance levels.
There are two resistance levels on the way up and three support levels on the way down, holding the price up.
There are two possible scenarios for now which I've shown on the chart for you.
RSI is overbought, so the price has room to go down.
The Speedometer indicator shows Buy volumes on the market for EOS on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
EOS the Shuttle-Mir after the Apollo disaster. Opinion:
- EOS change in team.
- Exodus of toxic team members
- New project growth emphasis
- Mengel update
EOS is part of a very small club of 3. It has settled all disputes with the SEC and therefore not susceptible to a XRP like catastrophe. This alone places it up there with ETH and BTC as SEC shielded.
Sources:
www.sec.gov
www.sec.gov
www.coindesk.com
Furthermore, the change in team and exit of the old team, makes this project very likely to grow in MsM support aswell as institutional and partnerships.
Quite frankly from a legal perspective it is the only project with the legal hurdles settled enough to rival ETH in company partnerships and adoption.
I am expecting great things and am convinced this is bottom for EOS . Long term it will reach over 100$ values, but for now due to the current macro economic sphere, TP'ing key levels is not a bad idea. Buying a huge bag here is also not a bad idea for the long run, but given the economy; risk scenarios are due in consideration.
#LONGTERMULTRABULLISH
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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EOS ready to have a move up (Long)After a pullback in higher timeframes such as daily and 4-hour, I expect the strong bear bar late in a trend is just an exhaustion gap making the price to fill the gap and give us a measured move up from there!
It also looks like a finished two legs pattern (leg1 = leg2)!
NFA
EOS/USDT: Still looking for a larger adoption---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
EOS/USDT: Still looking for a larger adoption
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - EOS is still underperforming ETH & BTC looking for a larger adoption of its ecosystem
- We are watching at 1,85 as resistance to re-integrate to provide a clear recovery signal
- Watch 1,06 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 1,85 & 3,50
Graphical Support = 1,06
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 1,30 = Bullish
RSI indicator (below) is now above 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,82
Fibonacci resistance of the wave in progress = 1,85
Fibonacci support of the wave (2) = 1,06
Fibonacci Bullish Target = 3,50
Conclusion
Preferred case => As long as 1,06 remains support we are looking to buy the dip in the buying area (1,30) in order to test and then surpass 1,85, before opening a further rise towards the double bottom potential at 3,50
NOTE: We are not considering this coin to be part of our portfolio regarding the relative underperformance on going versus ETH & BTC
EOSUSDT ! False breakdown at 26%. Strong sales in 24 hours!🐻EOSUSDT forms quite an interesting set-up. On the chart we have a change of trend, from a global downtrend, to a local uptrend from the point 1.065, formed on July 26, 2022. We have within the uptrend a test of 1.455 resistance, which was in the distribution format.
A deep false breakout, which was 26% of the level to the high, from which the pullback began to form. We see a strong impulse till the level of 1.836, after which there is a strong sell-off, which brings the price back to the short zone against the level of 1.455.
I assume that the price has no potential to break the resistance on the retest. I think a false-break set-up is forming now and after the price fixes under 1.455 we will see a fall. The short-term target is the support at 1.267, the medium-term target is the liquidity zone at 1.154.
Regards R.Linda!
EOS - Potential SHORT -15MIN/1HR - Binance for BINANCE:EOSUSDTPETrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY above previous entry post)
Entry 1: 1.764
Entry 2: 2.055
Entry 3: 2.342
Entry 4: 2.637
Entry 5: 3.206
Entry 6: 3.624
Entry 7:
Stop Loss:
Entry 1: slightly above entry/key resistance
Entry 2: slightly above entry/key resistance
or 1:1 or to own personal risk factor.
Take Profit Targets:
-1.480
-1.363
-1.308
-1.217
-emas will rise with time so shift tp up accordingly. If we re-enter higher, our same emas become our take profits. Also a have put boxes around key supports which I may choose to take earlier or later profits at too.
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above if stop loss is hit. Message me for more entries if needed.
-level 2 and in turn 3 pumps/moves can go higher and create levels, hence the re-entries. It’s a shorter time frame scalping strategy.
EOS drops 17% in a Retest, Immediate Resistance at $1.43Past Performance of EOS
EOS contracted on August 4, mirroring the general performance of the crypto market. Currently, EOS is up three percent on the last trading day and firm as per arrangement in the daily chart. The immediate support level lies at $1, and EOS is within a bullish breakout formation.
#EOS Technical Analysis
EOS is down 17 percent from last week's highs, but, as aforementioned, buyers have the upper hand. Even though prices retraced in a retest on August 4, bulls can double down on any attempt lower above the $1 round number with targets at $1.43 in the short term. Still, there is a concern because of the three bar formation from July 30 to August 1, signaling weakness. Conservative traders can wait for a break above $1.43 to target $1.90 or losses below $1 and ride the downtrend to $0.87 in a bear continuation formation.
What to Expect from #EOS?
EOS is bearish from a top-down preview, but prices are solid in the short term and in a bullish breakout formation. A close above last week's highs could lift the coin towards Q1 2022 lows in a retest.
Resistance level to watch out for: $1.43
Support level to watch out for: $1
Disclaimer: Opinions expressed are not investment advice. Do your research.