EOS-BTC
EOS at long term trendline and nearing a potential reversal.Looking at this chart EOS is very close to it's long term up trend line which also coincides with the .618 fib level. The weekly chart is also on a td8 getting close to a td9 reversal. Looking for signs of reversal here but if EOS closes below this trend line I will be exiting all my EOS positions.
EOS Bullish Flag ApperanceEOS showed some rally on the first days of July unlike the other alt coins but was in a downtrend after that specific reversal. At this point it seems it is creating bullish flag on the 3 hour chart. RSI needs some modifications besides volume increment. An elliott wave already started its rally and is now showing a sideways movement for now and could breakout anytime. If it can break the first strong resistance at the 23.6% fib level we might see a good rally in the following days.
Buy Zone : 13300 sats -13800 sats
Possible Short Term Targets
Target 1 : 14153 sats
Target 2 : 15356 sats
Target 3 : 16328 sats
Target 4 : 17300 sats
Target 5 : 18683 sats
Target 6 : 20446 sats
Stop Loss : 12100 sats
Good Luck.
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EOS/BTC at trendlineEOS is fighting to stay above that major trendline. And if it will, we may see that wave 5 bullish move (which may take a while, since whole market is bearish).
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EOSUSD (Volume Analysis Prediction 4/25/2018)Ticker: EOSUSD
Exchange: BITFINEX
Signal: short-term @Long
Trading idea:
The coin goes completely independently of the market
Now it is at the highest points
Based on statistics, we can conclude that the coin is prone to pumping and dumping
Therefore, it is worthwhile to work with a short stop (in order to control a possible loss)
Entry point: 10
Stop: 8.28
Target1: 14.4
Target2: 18.65
Potential short-term bullish butterfly in EOS calls for ~7% dropI'm still long on EOS in the long-term, but very short-term and possibly medium term bearish. The bottom of the potential butterfly pattern would form a medium-term double bottom if price reverses at point D.
The green zone is my "ideal accumulation zone" from past analysis linked to in "related ideas" - an zone I suspect is quite possible after the hype of the airdrops dies off.
This bullish butterfly follows the longer-term bullish bat formation that I pointed in my recent YouTube video (88xxiTbKdMg), point A of the butterfly just barely meeting conservative target B of the bat pattern.
Potential Short on EOS below $9As it shows in the chart if EOS breaks below $9 ..target would be around $5.75 .. breaking $9 ...means it broke the 200 EMA which a very negative sign ... in addition, notice the Ichimuko indicator is below the candles and trading price and that by itself an enough negative sign
be careful
$EOS, RISE RISE RISE
Weekly
Trend timeframe showing price has formed an ATH at 250000 satoshis, followed by a lower high at 200000. Stochastic RSI showing momentum is heading towards the downside, however price is currently testing our major support zone at 160000. Weekly showing a drop towards 120000
Daily
Shifting over to our pattern timeframe we see price could potentially be forming a descending parallel channel. Lower high just formed, expecting price to drop towards 120000. Stochastic RSI showing momentum is heading towards the upside. A daily close above 170000 activates our trade, other wise expect price to remain bearish.
EOS/BTC SUPPORT AND RESISTANCE LINESHave made several good trades based on my support and resistance lines so far. If you would like to take a look they work very well historically on the EOS/BTC chart.
Please not I do not add the "false tops" and "false bottoms" for my resistance lines. If you have further questions regarding to what that is I can leave a more thorough explanation, now however I am leaving this here for both short term/long term trades (trading the swings for good profits).
I only make trades based on very strong signs of a downtrend or uptrend.
If you have questions leave a comment, enjoy
// Kingpersia
EOS, EOSBTC - Will It Make Another Inverse Head & Shoulder?EOS, EOSBTC is currently in an interesting spot so let's take another quick look at the chart.
Analyses
- EOSBTC has recently made a very nice move up from a "textbook" inverse head & shoulder pattern (purple) as pointed out in my previous post on EOS, EOSBTC.
- Now EOSBTC is trying to make another inverse head & shoulder or you could also say/argue a possible cup & handle.
When EOSBTC manages to break the 20.000 satoshis level (upper yellow line), then the above EW count still holds and we should see more upward momentum.
And if we take a 1:1 extension or the depth of the big head (yellow), then it fits nicely with our target for wave 5.
- But if we fall from here then our first line of support should be around the 17.350 satoshis level.
If that breaks then a likely and key support area to watch is around the 16.500 satoshis, which is the 1.272 fib extension level and also touches the blue trendline.
So these are currently the patterns and levels to look for and to trade with if you want to swing EOSBTC.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
Disclaimer
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
EOS/USD: Possible bear trend incoming - Short possibilityEOS/USD. TK cross above the cloud, although it's just an inch outside of the cloud this is a WEAK bearish signal
Lagging span is under the price which is pretty much the first indicator I use to aggressively short a currency that has seen a massive increase in price.
Bullish kumo is getting thinner indicating a possible future bearish kumo.
Stop loss at levels around 13.2 USD
A second chance to buy in EOSBTC ....EOS/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line(0.00171). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00171).
*If the support line at (0.00171) is broken, the forecast (Resumption of uptrend) will be invalid.
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 2 BUY trade(s) @ 0.00074254(day close price) based on the reversal candle ( 2-Day Hammer ) at 03.27.2018.
Total Profit: 167342
Closed trade(s): 57746 Profit
Open trade(s): 109596 Profit
Closed Profit:
TP1 @ 0.00132 touched at 04.20.2018 with 57746 Profit.
Open Profit:
Profit for one trade is 0.00183850(current price) -0.00074254(open price) = 109596
1 trade(s) still open, therefore total profit for open trade(s) is 109596 x 1 = 109596
All SLs moved to Break-even point.
Take Profits:
TP2= Free
Technical analysis:
Eos/Bitcoin is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.