Last time I missed the EOS boat and I have to tell you, it seemed like a very entertaining and profitable ride (you will see it on the chart soon marked purple). But this time, we will get in on the fun and profit all the way up.
Let’s start by looking at the weekly chart (green is profits potential – purple is the last ride [EOSBTC generated 1500%+ profits at one point late last year]):
EOS is the fifth biggest cryptocurrency by market cap. and one that goes on very strong once it starts moving up.
Let’s take a quick look at the charts and open a position with EOS anticipating future bullish action and easy money to be made.
Charts, signals and indicators
- Looking at the weekly chart above, we can see one big green candle at the end. This is a bullish candle and it broke out of the descending channel. We also have a reversal candle before that and a bounce from a strong support with good volume. All signals that points to either a correction up or trend reversal.
- The indicators are all curving up, which is another positive signal telling us that a bottom is being formed.
- But this time frame still needs time to develop, the signals are not strong enough. Let’s take a closer look by changing to the daily time frame to get more information.
For the daily chart:
- After the EOSBTC price bounced from a low point on the 14th August, we had several days of consolidation trading below EMA10 line (blue) until yesterday when the price broke above it. We are now also trading above SMA20 (thin green line), which hasn’t happened since July 10th. This is a bullish development. We’ve seen good volume the past two days with very low bear volume the days before. Today volume is doing even better.
- There is strong bullish divergence on the MACD as well as a bullish crossover. You can see it by looking at the blue line crossing up the orange line (the MACD is the first indicator from top to bottom).
- The RSI is now on the bullish zone and trending up. Trading above 50 for the first time since early June.
- The Stoch indicator is also on the bullish side.
- If EOSBTC price is to continue climbing up, we will face our major strong resistance at 0.00104, which is marked on this chart by a brown line (EMA200).
- Upcoming events, listed below, can also affect EOS price in a positive way. Specially the one coming up on the 15th September.
EOS Upcoming events
- 15 September 2018
Platform Launch & Airdrop – “At the time of writing, it will be exactly one month until we launch the platform and the airdrop.”
- 22 September 2018
EOS London hackathon from Sep 22-23.
- 31 December 2018
Decentralized Exchange – We are excited to announce EOSfinex – a high-performance, decentralized exchange to be built on EOS.IO
Trade instructions by Alan Masters Trades
Buy in: 0.000790 – 0.000860
EOSBTC targets for Alan Masters Trades:
(1) 0.00094
(2) 0.00109
(3) 0.00132
(4) 0.00148
(5) 0.00170
Stop loss: Close below 0.000780 on the weekly candle / time frame.
Note: EOSBTC can be hold long term. You can buy and forget if you like, as this is a very strong cryptocurrency project. Good potential.
Strategy: Hold long term. Aim for big profits.
HOW TO OVERCOME DUALITY
Which one is good, up or down?
Which one is best, hot or cold?
Which one is fair, night or day?
Which one is right, good or bad?
Those questions, they do not make any sense…
They are all one and the same.
Namaste.
Let’s start by looking at the weekly chart (green is profits potential – purple is the last ride [EOSBTC generated 1500%+ profits at one point late last year]):
EOS is the fifth biggest cryptocurrency by market cap. and one that goes on very strong once it starts moving up.
Let’s take a quick look at the charts and open a position with EOS anticipating future bullish action and easy money to be made.
Charts, signals and indicators
- Looking at the weekly chart above, we can see one big green candle at the end. This is a bullish candle and it broke out of the descending channel. We also have a reversal candle before that and a bounce from a strong support with good volume. All signals that points to either a correction up or trend reversal.
- The indicators are all curving up, which is another positive signal telling us that a bottom is being formed.
- But this time frame still needs time to develop, the signals are not strong enough. Let’s take a closer look by changing to the daily time frame to get more information.
For the daily chart:
- After the EOSBTC price bounced from a low point on the 14th August, we had several days of consolidation trading below EMA10 line (blue) until yesterday when the price broke above it. We are now also trading above SMA20 (thin green line), which hasn’t happened since July 10th. This is a bullish development. We’ve seen good volume the past two days with very low bear volume the days before. Today volume is doing even better.
- There is strong bullish divergence on the MACD as well as a bullish crossover. You can see it by looking at the blue line crossing up the orange line (the MACD is the first indicator from top to bottom).
- The RSI is now on the bullish zone and trending up. Trading above 50 for the first time since early June.
- The Stoch indicator is also on the bullish side.
- If EOSBTC price is to continue climbing up, we will face our major strong resistance at 0.00104, which is marked on this chart by a brown line (EMA200).
- Upcoming events, listed below, can also affect EOS price in a positive way. Specially the one coming up on the 15th September.
EOS Upcoming events
- 15 September 2018
Platform Launch & Airdrop – “At the time of writing, it will be exactly one month until we launch the platform and the airdrop.”
- 22 September 2018
EOS London hackathon from Sep 22-23.
- 31 December 2018
Decentralized Exchange – We are excited to announce EOSfinex – a high-performance, decentralized exchange to be built on EOS.IO
Trade instructions by Alan Masters Trades
Buy in: 0.000790 – 0.000860
EOSBTC targets for Alan Masters Trades:
(1) 0.00094
(2) 0.00109
(3) 0.00132
(4) 0.00148
(5) 0.00170
Stop loss: Close below 0.000780 on the weekly candle / time frame.
Note: EOSBTC can be hold long term. You can buy and forget if you like, as this is a very strong cryptocurrency project. Good potential.
Strategy: Hold long term. Aim for big profits.
HOW TO OVERCOME DUALITY
Which one is good, up or down?
Which one is best, hot or cold?
Which one is fair, night or day?
Which one is right, good or bad?
Those questions, they do not make any sense…
They are all one and the same.
Namaste.
Note
The day closed with good volume. There will be plenty of time to enter this trade.Note
EOSBTC targets for Alan Masters Trades: (1) 0.00094 * Target reached 1-Sept. *
(2) 0.00109 * Next target *
(3) 0.00132
(4) 0.00148
(5) 0.00170
Note
Remember to raise stop loss above buy in price after a target is reached.On EOSBTC: Healthy retrace so far. Not much bear volume and price holding nicely. This is really good for the overall altcoins market outlook... Take a look at the chart:
Note
We need for the weekly candle to close to get more data on EOSBTC, yet, we are still way higher than August 14th low, which is really positive for us: Note
EOSBTC is done consolidating and is now trying to move back up: Note
We are now in the positive and moving forward... ENJOY THE PROFITS!Note
You can get updates for this trade by using this new trade idea EOSBTC by Alan Masters: ![[EOSBTC] EOS Next Bull Run [200% Profits Potential]](https://s3.tradingview.com/j/JDocoqZq_mid.png)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 Long-term Financial Success Available Now! (Avoid Mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/alansantana1111/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/alansantana1111/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.