EOS: Long Term Bullish Setup 1W (Jul. 26)X Force Global Analysis:
EOS has been at a phase of consolidation near all time low support levels for the past few months. In this analysis, we explore a bullish case for EOS based on technical analysis.
Bullish Evidence
- To begin with, we can spot a potential bullish Adam and Eve reversal pattern, with a neckline around 7.8 USDT
- The Relative Strength Index (RSI) shows signs of strength as it creates higher lows
- The Stochastic Oscillator also shows higher lows as a sign of trend strength
- The bollinger bands are narrowing, which is normally a sign prior to a big movement taking place
Bearish Evidence
- However, the Moving Average Convergence Divergence (MACD) shows a lack of momentum through its weak bullish histograms
- EOS is also yet to break out from the descending trend line resistance marked by the dotted white line
- We are currently trading below the Ichimoku cloud, indicating the current trend is bearish for now.
- Further confirmation after a breakout is necessary for the validation of this scenario
What We Believe
In short, while there are a number of bullish evidence marked by technical analysis suggesting a probable bullish case, the bearish evidence suggests that further confirmation is required for a long term bullish setup.
Trade Safe.
ALT
COMP.BTC (Y20.P3.E1).Keep an eye on itHi All,
This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up.
Recently I read a news article giving it favorable reviews.
"Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi"
Key Takeaways
> The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions.
> For now, only deposits are available, but Curv has plans to enable borrowing later.
> Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however.
In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments.
For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP.
Buy the rumour, sell on the news!!
Its a difficult one but one needs to be aware of any opportunities.
Cheers
S. Sari
15 Min time frame
ONTBTC - Aiming to test 10k sat levelOntology looks interesting here, good volumes last months, steady rising up. Everything points to another test of strong 10k sat resistance level.
But it currently trying to pass monthly resistance here (purple line). If this succeeds, then the next goal is 0.0001 resistance.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Matic Network the sleeping giant!Matic EMAs are bullish in fact the 21 just retested the 50 1D EMA, all the other indicators look just as amazing. Stoch RSI is erect, MACD has crossed over and is bullish, RSI is erect and pointing toward the moon. Matic printing a huge ascending bullish triangle.
Matic tokens have been moving into staking lock ups, less supply in the market to keep the price down. Matic has finished their Mainnet and Dapps are flooding over. Chandresh, head of marketing and Strategy has hinted that something big is coming for Matic holders. Ethereum needs Matic to enable mass adoption.
So much more to come. .04825 first major target .08350 major break out of the ascending bullish triangle.
Aztec the Eye
Take the Profits w/ ALT and ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. The bull run went too high in my opinion and the current wedge looks like it can receive some steep resistance. I think right now it is at a good level where it is a better idea to not try getting too greedy because just as it went up really high, it can also come crashing down steeply as well. Anyways, proceed with caution. If you like this, it is probably less risky to sell and than rebuy at the dip rather than hold long at this current level.
FTM / BTC Entry Idea - 200MA supportFTM has found support on the 200MA 2 or 3 times recently, so although we're in a short term downtrend, I believe we could find support there again, which would make this a good entry point for a short / mid term trade.
Very Quick Update: LINK Breakout to Upside!!Writing this in the clearest and most concise manner as LINK/USD is surging as I write. Remember to do your own research too.
Trade of BUY has been entered with targets 1 @ 4.52 USD and target 2 @ 4.86 USD.
- MACD is heavy in the blue with strong bullish momentum in the H4 time frame
- Buy volume spikes are steadily growing
- LINK has just broken out of a strong resistance line (red) @ 4.1677USD and now validated it as support with a strong bullish engulfing candle H4 and a long bottom wick, pointing to strong buy pressure
As always, feel free to like and support by following if you want to see more awesome signals like these!
Best Regards,
GOLD D ROGER
A humble trader
Matic Network 1H Bullish Ascending Triangle Sure this is an 1H chart but you can see the bullish structure in any time frame, I like the 1H here because you can zoom in and see the reaccumulation in detail. In the short term I see Matic returning to the bottom support trend line of the ascending triangle, but from there statistically we have a great chance of breaking the upper resistance trend line of the ascending triangle.
Personally I'm waiting for a touch of the bottom trend line then I'll reassess the indicators at that time in order to see if we have an even higher probability of moving upward.
If you're looking for news, Matic Network is doing big things. Just today they partnered with Infosys which is a NYSE traded 40B worth company. They recently partnered with Tech mahindra which has already made over 5B in Revenue this year. They were invested in early by Coinbase and also have the backing of Binance due to Matic being one of their IEOs. I have speculated that Coinbase Pro may list Matic Network also soon due to the fact that many of the technical check offs for listing the token are being checked off as we speak due to the Matic Mainnet happening as we speak.
Just a trade that might continue to play out very well, not financial advice, never give up on the future of money.
NMR - Good upside potentialOne of low cap alts under the radar, it was mentioned to me on Twitter. As a fan of ML and AI in trading decided to check it and I think it a decent upside potential and good fundamentals (there was no ICO for example + one of the investors is a founder of Renaissance Technologies).
Briefly about Numerai: crowd-sourced hedge fund, gathering data from many data scientists and predicting stock market outcomes. As they claim, the hedge fund is operated by an AI, which is fueled by a network of thousands of anonymous data scientists.
Taking all these facts into account as well as the gaining strength low cap alts I think about more upside.
Buying at monthly resistance isn't such a good idea (and it's strong resistance as you can see on the chart), so I'll definitely wait for a retest of 0.0035 BTC level to buy some.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.