Get started

EOS-BTC

EOS/BTC: Drop it like its hotEOS recently broke a trend line ans has been in free fall. Looking at the 3-day here, support around 67k sats was broken. I would look to the 54k sat range as a potential area for a bounce, but things do not look great for EOS here. After this recent drop there has been a lot of over-bearishness for good reason, as EOS will liekly see another -10% to -20% drop from here. Not too much else to update on this chart, I recently read something about a lack of users on the EOS network in terms of dApps and developers, but did not check the source and sometimes these types of statements are common types of FUD. Nonetheless, the fundamentals look relatively poor for EOS due to the large amount of money raised and lack of apparent innovation. From a technical standpoint looking at the chart, I would wait for around the 54k sat level to see what happens before stepping in and taking a larger position, as there is currently indecision and overall bearishness to the movements of EOS. EOS is not one of my favorite coins to trade, but it felt relevant to chart because it is a Bitmex alt.
by chartsdragonbtc
2
EOS/BTC Sitting at support, awaiting clearance for lift offLooks like we made an SFP and are now sitting inside the optimal fib retracement a bit lower than I would've liked but this seems like a good pivot support + 1H breaker confluence. For better odds in this trade, wait for a break in the market structure on lower timeframe and enter on retrace. Around 3.8 R/R as it stands now, not bad. - Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support. - SFP - Swing failure pattern - a candle formation where the price takes out a previous swing high or low, but returns under/above it before locking the candle. Under the right circumstances it can signal a reversal.
Long
by UnknownUnicorn3664665
EOS BTC - MAYBE A SHORT would be Nice for the weekend! PLEASE DO NOT USE IT AS A FINANCIAL ADVICE - I am not a professional advisor and I am only testing my knowledge on a public way. If you have any comments please join the conversation below. Due to this Bitcoin slave mode coins are in it's hard to think that all the signals pointing down are wrong. On this overview of EOS BTC I see it falling on that wedge maybe 8% could be achieved with a stop loss of 3%. SHORT EMAS 72,34 below 200 EMA EOS inside the triangle formation reaching the wedge of resistance down trend line that pushes hard, if the price does not break it up it just might fall!! yay! quit a normal behavior if you look back a month or so. It has been consolidating for 15 days already even though we have a low volume, what could also lead us to a slip. MACD is below the mid line, RSI shows more selling ahead, If it loses the pivot a profitable dive to 23.6 fibo (0.00080246) and S1 (0.00079460) or even S2 (0.00075389) could be in play. STOP buy on the pivot Stop loss at 0.00085210 targets 23.6 fibo s1 and s2 RECKLESS BUY at EMA 200 if it tests the before the fall. hey that's my thoughts about it
by Future_JOE
There is a possibility for the beginning of an uptrend in EOSBTCTechnical analysis: . EOS/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . While the RSI downtrend is not broken, range bound in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00080900 to 0.00072100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00080900) Ending of entry zone (0.00072100) 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= @ 0.00092850 TP2= @ 0.00101240 TP3= @ 0.00110491 TP4= @ 0.00122150 TP5= @ 0.00145290 TP6= @ 0.00165460 TP7= @ 0.00193590 TP8= @ 0.00229270 TP9= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in EOSBTCTechnical analysis: . EOS/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . While the RSI downtrend is not broken, range bound in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00080900 to 0.00072100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00080900) Ending of entry zone (0.00072100) 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= @ 0.00092850 TP2= @ 0.00101240 TP3= @ 0.00110491 TP4= @ 0.00122150 TP5= @ 0.00145290 TP6= @ 0.00165460 TP7= @ 0.00193590 TP8= @ 0.00229270 TP9= Free
Long
by ForecastCity
1
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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00077045 to 0.000659680). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00077045) Ending of entry zone (0.000659680) 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= @ 0.00092850 TP2= @ 0.00101240 TP3= @ 0.00110491 TP4= @ 0.00122150 TP5= @ 0.00145282 TP6= @ 0.00165458 TP7= @ 0.00193591 TP8= @ 0.00229268 TP9= Free
Long
by ForecastCity
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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00077045 to 0.000659680). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00077045) Ending of entry zone (0.000659680) 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= @ 0.00092850 TP2= @ 0.00101240 TP3= @ 0.00110491 TP4= @ 0.00122150 TP5= @ 0.00145282 TP6= @ 0.00165458 TP7= @ 0.00193591 TP8= @ 0.00229268 TP9= Free
Long
by ForecastCity
2
A long-term Buy trading opportunity for EOSBTCTechnical analysis: . EOS/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0007083 to 0.0005282). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0007083) Ending of entry zone (0.0005282) 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= @ 0.0008506 TP2= @ 0.0009285 TP3= @ 0.0010175 TP4= @ 0.0012215 TP5= @ 0.0014943 TP6= @ 0.0016828 TP7= @ 0.0019516 TP8= @ 0.0022935 TP9= Free
Long
by ForecastCity