EOSUSDT trade ideas
EOS/USDT Bullish Leap from Support Zone? 🚀EOS analysis💎 Paradisers, brace yourselves for a promising trading opportunity with #EOSUSDT, currently nestled in a crucial support zone and signaling a potential bullish pivot.
💎 Delving into the #EOSNetwork's journey, it's currently on an ascent from significant support at $0.5213. With the price inching towards the resistance level at $0.757, a successful breach and maintenance above this threshold could herald a march towards conquering the next resistance level, with sights set beyond the current bearish Order Block.
💎 Should momentum for #EOS diminish, we might witness a bullish revival from the solid support at $0.725. However, slipping below this marker could lead to a considerable downturn.
💎 On a related note, the EOS community is buzzing with anticipation over the Kelexo (KLXO) presale, attracting notable attention from EOS investors.
EOS LOOKS BULLISHIas seems to be inside a diamond diametric that is about to start a bullish wave E.
This diametric started from the place where we entered "start" on the chart.
By maintaining the green range, it can move towards the red range
Closing a 4-hour candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
EOS dead? What do you think about this?The daily chart shows that the price of EOS has made a strong comeback in recent months. It has now moved above the 38.2% Fibonacci Retracement level. It has also moved above the 50- and 100-day moving averages, which have formed a bullish crossover pattern.
The price of EOS also invalidates the double-top pattern at $0.8778. In most cases, the double-top pattern is one of the most bearish signals in the market. Therefore, my base case is where the coin rises and reaches the key resistance at $1.02, which is the 61.8% retracement point. This price is approximately 17.68% above current levels.
EOSUSDTA look at the EOS ecosystem shows that these assets are dominated by EOS REX, a lending protocol with $49 million in assets. PayCash, DefiBox and WhaleEx have TVLs of over $23 million, $22.2 million and $3.1 million.
The challenge for EOS is that competition in the industry has increased in recent months. Some of the top contenders to beat it are Base, Sui, and PulseChain
Eos/USDT Looks Promising for the Mid-TermI have a positive outlook on the price of Eos/USDT in the coming days. If you are someone who enjoys trading the spot market and possess the patience to hold onto positions, now would be a good time to consider holding
Eos/USDT.
Please note that this statement is not intended as financial advice. It is crucial to conduct your own research (DYOR) before making any investment decisions.
#EOSUSDT 6H Chart
Price had broken below the support/resistance flip around $0.74 and it is currently retesting it after it bounced off the daily demand around $0.7. MACD is showing bearish weakness, RSI is sold and EMAs are bearish. Price is expected to tap into the 6h supply around $0.76 before potentially moving down again. Waiting for lower timeframe confirmation once price taps into this area.
#EOSUSDT 6H Chart
Price had dropped after retesting the daily supply zone and left another 6h supply zone around $0.87 with a fair value gap around $0.8. MACD turned bearish, RSI is sold and EMAs are turning bearish. Price had bounced off the daily demand around $0.73 and i expect it to fill the FVG and tap into the supply before moving down again.