Is EOS ready to explode here or is there trouble ahead?EOS/USD has made quite a nice move up and I believe we are headed to $3.20-$3.40 zone highlighted in the chart. Question is...do we continue to rally or just create yet another lower high? I am cautiously long here as we broke out above the cloud but we should see some reaction at the highlighted zone.
EOS-BTC
Equilibrium| Double Top| Trend Change ?Hello Traders!
Today’s chart update will be on EOSBTC with a potential daily trend change coming to fruition.
There are key levels that must break for further confirmation on a bullish bias.
Points to consider,
- Trend putting in higher lows
- EMA’s turned support
- Local resistance being tested
- Volume declining
- RSI approaching resistance
- Stochastics in upper regions
- VPVR decreasing in volume of transactions
EOS has established a trend line with a third touch confirming a higher low on the daily. Bulls need to defend this line for a continued bullish bias.
EMAs have turned support and is currently holding price near local resistance, signalling that buyers are picking up momentum.
Local resistance is a key level to break in the trend as this will put in a new higher high, confirming the structural change of the trend. Volume is declining; an influx of volume at key levels will indicate an actual break.
The RSI is approaching its resistance; a rejection will send it back to neutral levels, as it has multiple times now. The Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside.
The VPVR, decreases in volume of transactions upwards from local resistance, this shows low resistance for the bulls in the metric of volume of transactions.
Overall, in my opinion, EOS is in a potential equilibrium with a clear double top to break for a full trend change confirmation. EOS is already showing early signs by putting in higher lows; it just needs to break key resistance levels.
What are your thoughts?
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And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
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Best regards,
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INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
EOS long: next leg up pleaseEOS moved out of a larger accumulation period along with many other alt coins on pretty good volume. We've entered a nice uptrend with a series of higher highs and higher lows, and price is currently resting at the prior resistance level on low volume. I entered about half a position and will go harder if we start moving up and break the downtrend on big volume.
EOS On breakout !ABove the EMA
and having a nice bullish setup after good volume breakout.
Buying here and selling at TP drawn.
EOSUSD (Volume Analysis Prediction 7/20/2018)Ticker: EOSUSDT
Exchange: BITFINEX
Mid term signal: buy
The coin goes for the whole market
But this level is taken into account constantly
So the input from the level on such a coin can be very appropriate and successful
I do not know or the price will hold in the range where it is now,
but from the next support I think we should wait for the rollback or the market turn.
When the first profit take is reached, move the stop to the break-even point
Enter1: 7.272
Enter2: 7.350
Take profit 1: 7.749
Take profit 2: 8.390
Take profit 3: 9.159
Stop: 6.994