EOS Breaking Out Towards 6.50Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The crypto currency EOS appears to be breaking out of the downward trendline of the symmetrical triangle (highlighted in red). This breakout is expected to take the cryptocurrency towards the 6.5 price level. This view will be negated by a close below the low of the pullback at around the 4.5 price level.
Technical Indicators
The breakout from the downward trendline are supported by 3 technical indicators: the 200-SMA, the Awesome Oscillator (AO) and the MACD. Currently EOS is trading above its long term MA and the AO is green and above 0. Also the MACD recently had a positive crossover. A change in trend will be seen if EOS were to decline below the 200-SMA and the AO turns negative.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 4.5 price level with a target of 6.50. This produces a risk reward ratio of 1.15.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EOS.
EOS
EOS - Showing room for growthHey everyone,
Today, I'll share the fact that EOS is showing lots of room for growth and medium to long term holding.
It's currently far from it's old All Time High at 21$ in 2018 (not shown in the chart) and broke to the upside from the descending triangle.
I personally believe that EOS is undervalued! Why? Because EOS is a platform that’s designed to allow developers to build decentralized apps.
Recently, there was some bullish news! The cryptocurrency exchange Bullish is set to go public at a $9 billion valuation through a merger with a special purpose acquisition company (Spac). What does this news have with EOS? Well, the exchange will be using EOS Public Blockchain to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the platform.
Therefore, both the chart and the fundamentals show strength and I believe this is ready to go high!
Yours truly,
Aloo2k
EOS about to break out! Here's a quick look at EOS 6 hr chart. As we can see, the price has printed a symmetrical triangle and is very close to breaking to the upside!
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 5.94$
2. 6.19$
3. 6.6$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
EOS EOSUSD - Rounding bottom + NEW ATH soon!- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target 1:1 / below all time high.
- RSI is ready and volume favors bulls.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
Trend reversal pattern in EOS* EOS in 30-mins time frame forms Inverse Head and shoulder pattern with neckline as it's resistance near $4.87.
* Inverse head and shoulder occurs during the down trend, this indicates the reverse of the trend.
* If the price breaks the it's resistance we see a bullish move till $5.050.
Bitcoin and EOS ComparisonDuring 2017 Bitcoin reach a max point around 19k and when Bitcoin started dropping, EOS consolidated and Pump to the moon. EOS is a lagger compared to Bitcoin and other Alt coins. It also happened during this bullrun, Everything was pumping and EOS was consolidating and Once most altcoin pumped, EOS started going up and hit around 15 dollars.
Rinse and Repeat.
The Sleeping GIANT! EOS! There have been so many Positive thing going on EOS and yet, there has not been a major pump. Usually what this means is pure accumulation from Big players or whales.
The biggest news is the Exchange that Block One has announced called "BULLISH" this exchange will be live this year, the date is still unknown.
Also, The funding rate of EOS has increase, this is a bullish sign for EOS.
China Ranks EOS as NUMBER 1 base on Speed of transaction and remember there are 0 fees with EOS.
Remember, lets not forget about Bitcoin, if bitcoin consolidates or remains bullish then we can see EOS go to 9 dollars if not higher.
(Not a financial Advice)
EOS came out in 2017, it is still considered new compare to BTC AND ETH.
EOS - The Moon Cryptocurrency BreakoutRecently I was alerted to a potential break out by a fellow trader - After analysing his chart and then doing my own analysis - Thanks to this fellow trader I have discovered the next level for EOS
PREPARE FOR THE GREATEST BREAKOUT YOU'VE SEEN SINCE ALT SEASON HIT.
EOS Price $3.06
Price Change
24h $-0.03474 1.14%
24h Low / 24h High
$2.99 /$3.13
Trading Volume
24h $2,957,305,850.38 12.82%
Market Dominance 0.26%
Market Rank #18
EOS Market Cap
Market Cap $2,907,186,682.87 1.13%
EOS Price Yesterday
Yesterday's Low / High
$2.99 /
$3.12
Yesterday's Open / Close
$3.00 /
$3.06
Yesterday's Change
2.08%
Yesterday's Volume $2,585,205,674.78
EOS Price History
7d Low / 7d High
$2.66 /
$3.26
30d Low / 30d High
$2.41 /
$3.92
90d Low / 90d High
$2.03 /
$3.92
52 Week Low / 52 Week High
$1.46 /
$5.48
All Time High
Apr 29, 2018 (3 years ago)
$22.89
86.63%
All Time Low
Oct 23, 2017 (3 years ago)
$0.4802
537.1%
EOS ROI
196.64%
BINANCE:EOSUSDT
BINANCE:EOSBTC
BITFINEX:EOSUSD
KRAKEN:EOSUSD
KRAKEN:EOSEUR
FTX:EOSPERP
HUOBI:EOSUSDT
BINANCE:EOSBUSD
BITFINEX:EOSBTC
BINANCE:EOSUSDTPERP
COINBASE:EOSUSD
BINANCE:EOSUSD
KUCOIN:EOSUSDT
BINANCE:EOSETH
OKEX:EOSUSDT
BINANCE:EOSEUR
POLONIEX:EOSUSDT
BITHUMB:EOSKRW
BITFINEX:EOSTRY
CRYPTOCAP:EOS.D
KRAKEN:EOSXBT
BITFINEX:EOSGBP
BINANCE:EOSBNB
POLONIEX:EOSBTC
7th Series of Altcoin Buying Areas!Hi followers and other TradingView users,
It's been a while since the last "episode" of this series. There was a reason behind that, obviously the market, the slow market. Now we have seen some volume and quite strong breakouts have occurred so it should be the correct time to catch some moves after the breakout or after the correction, the choice is yours!
So let's start it: comment TWO of your favorite altcoin, not ten not five, TWO :), hit the LIKE button, click follow to get the analysis of them as fast as possible. After you have done that your favorite named coins into the list!
Please, name ONLY ticker or full name and ticker.
Example: ADA, or CARDANO (ADA). Make it a bit easier for me ;) Thank you!
As always, Top mentioned altcoins get analyzed, pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices!
Breakout areas are a bit riskier but whoever has been more patient than through the series the lower price ranges (buying areas after the correction) have been amazingly precise.
Stay healthy,
Vaido
EOSUSDT Technical Analysis
Welcome back Traders, Investors, and Community!
EOSUSDT on H4 has broken above the resistance and also the triangle. It may go lower for a retest and pullback before it goes up.
⬆️Buy now or Buy at 5.3000
⭕️SL @ 5.1000
✅TP1 @ 5.7900
✅TP2 @ 5.9000
✅TP3 @ 6.2000
✅TP4 @ 6.5000
✅TP5 @ 6.8000
✅TP6 @ 7.0000
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EOS Buy a break setup.EOS - Intraday - We look to Buy a break of 5.176 (stop at 5.044)
Price action has formed a bullish ending wedge formation.
The previous swing high is located at 5.168.
Daily signals are bullish.
The bias is to break to the upside.
Our profit targets will be 5.543 and 5.649
Resistance: 5.000 / 5.150 / 5.400
Support: 4.850 / 4.700 / 4.550