Why I got out of EOS at $8.50 Hi All
I just closed my swing trade position as I am expecting a sell-off might happen in the coming week to test some supports at 7.80-7.10 and maybe 6.85
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EOS-BTC
Finding Potential Breakouts IN a Bear MarketThis published Idea is more for me then anyone else, so please take this as only speculation.
EOS is one of the few coins that have apparently diverged from this market downtrend, at least just a little bit. Fundamentally strong, Top 10 coin with a lot of support.
Lets see if the MACD can maintain its bullish crossover, and if so I would expect a rally.
Just trying to find a glimmer of hope in this down time.
EOS/BTCLets hope it follows the handle, give us a nice entry position, and then breakout time.
Beware BTC. If BTC ends up turning bear, many alts will go with it. Odds are EOS would decline past .5 Fib line, so a stop loss has been set.
Not 100% EOS hits the 0.618 Fib line, but I do have buy orders set. So take the BUY ZONE into careful consideration.
Targets are listed, take profit when you can.
EOS/BTC
After the rise in wave A-1 and correction until 61% Fibonacci, it has taken a new path to rise.
But until now, the current movement cannot be counted as a strong impulse and can be just a small rise after the correction in the form of “B” and then we might have a third wave of fall.
Red rectangle is an important resistance area for the current movement and if it crosses with strong candles and stabilizes over it, we can expect more rise in price in form of third wave of rise.
#Result
According to the current price movement and oscillators, it is not recommended to enter but in case you already have this asset, we can expect some more improvements and rise in price.
Therefore you can keep on moving your stop loss to a higher value in a dynamic way so in case we have a fall, you dont lose big.
In case if current scenario changes and we expect more growth, new chart will be updated.
Signal Challenge for Cosmic Trading EAG: EOSBTCCosmic Trading EAG Student Signal Challenge
* Not a real signal! This is just an an exercise! *
EOS/BTC Medium term
Buy up to: 0.00084
Target 1: 0.00088
Target 2: 0.00094
Target 3: 0.00104
Stop Loss: 0.00081
Thesis:
* Long-term uptrend with short-term pull-back
* Apex of bullish descending triangle converging with 50 EMA
* 8 days until EOSDac Airdrop
* Not a real signal! This is just an an exercise! *
EOS/BTC Incoming Hong Kong meetup and Dawn 3.0 update may bring us more hype if deadlines are met. High potential bounce from support but we should keep in mind that BTC showing bearish signs and market cap has fallen to $250 Billion from $282 Billion in 24 hours. If the downfall of BTC continues we should trade with caution and never forget SL.
EOS, let's go spin those topsSo, did a TA on the D for EOS/USD,
The last days, the Dojji's seem to be linging up, got almost a bearish tweezer...
Guess bearish it was and still is.
Though increasing volume, price doesn't seem to break the trendline and is touching resistance all the time.
You know what that means, watch out bulls, bears are incoming, you can fight, but you'll run :)
So selling volume is still overpowering buying volume, pushing the price in a pattern.
We've been on a support for the last five'ish days.
To me it seems a matter of time till we fall back in the lower channel, between 3.5 and 5.3.
So for completion, I'm not a financial advisor, I will not take any accountability for any losses on your behalf.
Otherwise, happy hunting.
AndyN
EOS/BTC - 3/29/2018Good Morning, Traders!
EOS looks to be forming into a pennant after a recent very bullish candlestick was created. As of now, the top and bottom of this possible pennant have only been tested twice each. This doesn't make the pennant very strong and could also be forming a double top pattern instead. If the pennant completes, the breakout will most likely be bullish and will be met with resistance at the 161.8% fib retracement level. Although, after measuring the breakout, the target for this pennant breakout will be slightly before the fib level, but closer to the resistance caused by the Ichimoku cloud.
If the double top pattern occurs instead, the price will be expected to travel about the same magnitude, but in the bearish direction. The price is expected to mee resistance at many points on its trek downwards but the greatest resistance will be at the price point of around 0.00051000.
Important Resistance Levels: 0.001, 83336
Important Support Levels: 0.00068, 0.00065
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
EOSBTC Fifth wave?EOSBTC Fifth wave?
It seems that the EOS is not going to stop.
He successfully achieved the first goal on our previous recommendation.
We see a tapering triangle in the case of breaking through which the next wave of growth awaits us. Elliot agreed it could be the fifth wave and our next target will be 0.00090000. if we successfully overcome it, then the next target may be 0.00100000.
After that, a good correction should follow.
If the buyers now have enough strength, then a small correction may follow now, from the level of 0.00081000.
Those who opened positions earlier, I advise you to move the stop loss into a break-even position.
For those who are just going to open positions, it is better to wait for the triangle to break up, or wait for correction and buy a coin after that.
We will continue to monitor this coin.
All good trade and good luck!
EOS Potential OutcomeSome things I've noticed on the 4Hr chart:
- Notice the breakout through the downward diagonal resistance line. It retraced and bounced off of it confirming the switch from resistance to support line.
- Could that be a bull flag forming there? It seems that price is starting to consolidate towards the end of that flag. If price breaks upward through the resistance line, that could confirm some more bullish movement.
- Both convergence line (blue line) and baseline (red line) are tracing within each other. I imagine a breakout (whether up or down) is near which will bring those lines back to normal levels.
- Price is currently sitting in the kumo cloud so I expect it to at least touch the top of the cloud. Let's see how price reacts once it touches the top of that cloud.
- I still believe most Alts are influenced by the movement of BTC. If BTC price continues upward or vice versa, I believe EOS will follow.
- RSI bounced off of the resistance line so I imagine the support line is next? Only time will tell I suppose! :D
EOS Dual chart vs BTC & USD - [BTFD] Hodl Signal March 13th 2018EOS is a very strong long term coin know as "Ethereum Killer", after dropping for some many days it is finally getting closer to a major support/reversal zone.
If EOS breaks up and over the downtrend and starts another ride, we can consider a position. Under 0.0006-0.0007btc is a good buy zone, roughly around $5-$6, this could be the new ETH,its bigger and better and obviously hold so much ETH that it could really dump ETH's price big time, and of course its scalable which ETH is not!
Also 1Day chart on EOS/BTC indicators are very bullish considering that stoch and rsi are both oversold.
Technical analysis on EOS / BTCDid a TA on $EOS against BTC and found a good entry at around 77k sats indicated by the yellow box. $EOS is a good long term hold because its a faster form of ethereum although the token will only be officially launched in June. However, there is also announcement that EOSfinex - a high-performance, decentralized exchange will be built on EOS.IO. Overall, good entry right now at 77k sats for $EOS and good for a long term hold.