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EOS-BTC

EOS Testing MAJOR Resistance Level As BTC Transactions SOAR!With EOS’s Analysis, we see a big breakout coming here, we did see some good upside. As we look at this USD chart we're looking at support at $4.30 finding that resistance right around that $5.50 mark. There is a lot of upsides and bullish perspective and potential for the future price action of this coin. Looking at the Satoshi value, we see the same exact thing very bullish as we've gotten above the EMA and we're starting to trend up. We broke this major resistance and got support at 9250 and we've got that target right around that that 316 area. Bullish RSI but we might find some minor resistance along this area where we've already seen resistance at. Bitcoin might go sideways for the next couple days and EOS can start heading up towards this next target. To wrap up this analysis looking at Bitcoin transactions per day chart. We're currently at 300,000 transaction per day mark and we're maintaining those levels actually approaching the 400,000 transaction per day mark. When bitcoin was at $20,000 it was around this area at the same levels of daily transactions, what determines intrinsic value? it's the use case of an asset or whatever you're trying to deem intrinsic value too. If we are seeing more use cases with Bitcoin we are going to be seeing higher price levels. Ray Dalio the owner of one of the largest hedge fund in the world stated that there's a market cycle every 10 to 12 years in traditional markets and it's already been 11 years and as we're expecting a big market cycle, investors want to hedge their money.
BITFINEX:EOSUSDLong
by TradersProfitClub
EOS Daily Dose 3/14/19EOS is in tight predicament. EMA1 and EMA2 are about to converge or diverge. If they continue to diverge then EOS’s price action will be bullish but it is too hard to tell right now. This does look like a re-accumulation phase as well. As the price converges into the apex of its triangle, there should be an increase in volatility very soon. There is heavy resistance at $4.00 but decent support at $3.45. The sentiment is more bullish than bearish for me though. However, I am going to wait until we make a new high or low before I consider trading EOS.
BITFINEX:EOSUSD
by aboveandphom
A trading opportunity to buy in EOSBTCTechnical analysis: . EOS/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00062100 to 0.00053970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00062100) Ending of entry zone (0.00053970) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00075200 TP2= @ 0.00084600 TP3= @ 0.00090200 TP4= @ 0.00102100 TP5= @ 0.00122150 TP6= @ 0.00138300 TP7= @ 0.00159900 TP8= @ 0.00190400 TP9= @ 0.00229270 TP10= Free
Long
by ForecastCity
5
(EOS/USD) *Chart Pattern Identified*I am bearish and this is why. Fractal found from last Ascending Triangle. Red dotted line looks like resistance. Yellow 1-5 Impulse looks complete. wave C (pink) or 3 looks to be complete. Fib extension has been hit PERFECTLY from (pink) A - C **NOTE** Same thing MAY apply to EOS/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar. EOS is not the only one. I seen this yesterday before wave 5 was put in. this looks perfect imo but think we can hit the orange trend lines 1-2 more times. If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart. Follow for more charts, give this post a upvote/like and comment if you have any questions. Thanks!
Short
by Cryptosuf
EOS/BTC 14th of febEOS with a solid rejection off the current supply zone created from December drop. Zooming in on smaller time frames we had a double top with slight divergence and the following rally failed to make a higher high. Daily candles printed another bearish body confirming the rejection from supply. I can see over the following weeks a retrace the the 50% of the current up trend since the start of the year being a descent area of interest for a strong support level at that demand created early Feb. If that demand fails we are heading back down to lower demand near the last bottom which is a strong demand zone but tread cautious placing lucky dips down there. On the upside if we do break this level of supply a push to the next minor resistance is around .0009943 with plenty of small bumps in the road on a higher target for the overall supply zone which is some 100% up the ladder. My play for now is bearish, shorts loaded off supply but will keep a close eye on it until it starts to get some distance from that resistance then let it roll with that 50% retrace in mind. www.unitytradinggroup.com
Short
by Unity-Trading-Group
1
EOS/BTC Global targets and scenario. The price try to retest a downward trade line (MT). As a resistance, we have a red line (6850) and a red block. If the price can break through downward blue line and retest it from upward, we can expect the growth of the price. If the price can't break out - it will be a bearish signal to sell. So, summing up, resistances: red line (6850), trend line (MT), red zone (7000-7200) and the orange line (7305) is the main resistance line, the price apparently will bounce off from it. Supports: if the price go down now, the support zone will be an orange line and if it breaks - the falling will increase.
by calipsofund
QUICK! HUGE BREAKOUT COMING IN EOS! COULDN'T POST FAST ENOUGH!This beautiful mathematical pattern forms in the wake of a downtrend, as ascending triangle patterns often do. The reaction breakout of the pattern would bring us right up to the 200-day moving average; gorgeous math! TA and stop losses are how I never lose more than 1-2% on a position before leverage. Always trade at your own risk. Never risk more than you can afford to lose. These are only my own opinions on the market. Thanks for viewing!
Long
by thinkless
1
EOS/BTC Looks Ready To GO!!!!I've been keeping a keen eye on EOS. On a fundamental side the blockchain project has raised so much money it is really leading the pack in innovation. On the technical side, EOS has entered the cloud and it is likely it will exit out the top. Nothing is for sure, and this market has been surprising everyone lately, but I have entered into a position. I set my stop loss for the bottom of the cloud if the pattern fails. We can also see that a wedge has formed which means it is likely that pattern will break to the upside or downside soon, however, with the momentum pushing EOS up and the entering the cloud, I am feeling that it's going up from here. I am not an expert, please do your own research and trade at your own risk. I am posting my thoughts here so I can learn and you can learn with me. Trade responsibly and always use a stop loss.
Long
by Borg_Queen
Looking a bit heavyXrp to me is looking a bit heavy- (Daily chart) Rsi not healthy OBV "M"ing out Volume dropping off (Bulls and bears falling a sleep) W%R over bought I think we will have a bounce off the .382 fib to create a M top. From here ill be looking for a short position. There is a double distribution going on in VPVR the line up with my reload zones. Also there is a cheeky gap at 51130 :) Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Short
by Cryptonite_trader
6
EOS/BTC: Potential Bounce EOS dove off a cliff a couple days ago, falling from the support that had held for a little over 2 months around the 0.0008 area, dropping to roughly 0.0005 It appears some historic support here is acting as a spot for EOS to bounce, referencing out the support from December 2017, this would be the red line on the chart. Checking out the 0.00066 area was support turned resistance, as that would be the next target/level for EOS to clear if to continued to run up. If EOS snapped back into range I would expect it to continue to range between roughly 0.0009 and 0.0007 (purple lines on the chart) Not enough conviction/volume/momentum for me to long here, I think there could be more downside at the beginning of 2018. No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
by chartsdragonbtc