EOS
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"!
EOS/USDT - Potential 180%+ setupHello, Traders!
EOS is trying to exit the accumulation range of $3.76 to $5.46. The price is testing the $5.46 level and MA100 on the daily timeframe.
Volume analysis shows growth of buyers' interest in the asset.
It is possible to get involved in buying in case of a correction. It is better to divide the entry into two parts:
The first part of the position can be accumulated in the range of $4.42 - $4.94.
The second part of the position is in the range of $3.76 - $4.24.
Stop-loss shall be placed under the level of $3.12
It is also possible to fix profit in case of growth in parts, in the ranges:
$6,62 - $7,04
$8,75 - $9,50
$11,16 - $11,95
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
🔥 EOS Bullish Volatility: New TargetAround a week ago I made an analysis on EOS. I argued that this gradual move upward will inevitably lead to a strong volatile move upward.
As seen on the chart, EOS saw a rather big move upward as of late, bursting through the two areas of resistance I marked on the last chart.
Looking at EOS now, the $5.4 support is currently the main support which has to hold. Might very well be the case for EOS to touch $5.4 again before moving up again.
First major area of resistance is the area ranging from $6.8 to $7.4, which can be reached in the coming week as long as BTC remains relatively bullish.
Happy trading!
$EOS again undervalued after hitting my $15 targetEOS, after touching my $15 target, did exactly what I would have wanted it to do, which was retrace its steps. I personally did not expect him to go that deep but that has been a convergence with Bitcoin. Fortunately, I indicated several times on Twitter that I was taking a big TP at $15 because a retracement is always coming. What goes up, must come down.
Now looking forward to EOS, I am still very positive and very surprised that this coin is still valued so low. The fundamentals of EOS are also getting better with bullish exchange in sight.
Therefore, I expect EOS to show considerable price action in the coming months and weeks and possibly reach a new ATH before the end of the year.
BCH/USDTBCH going great and reached $709 today. Our buying is from $550 - $565 and we already mentioned that chart looking good and we may see a good rally.
BCH is now more than 25% above from our entry. Increase your stop loss to $640 area.
It has major resistance are near $730.
If you liked my idea, follow me for more.
MATIC/USDTMATIC is now trading at the local support area. MATIC give a good rally after the accumulation near $1 in past couple of days. You can buy some MATIC near $1.4 - $1.42 support area and add more at $1.2 support zone. We will see a test of $1.7 resistance area in coming days.
EOS Channelling Higher with 4.3 TargetTrend Analysis
The main view of this trade idea is on the 2-Hour. The cryptocurrency EOS found some support around the 3.20 price level on July 20th 2021 and began making higher highs and higher lows over the past week. This chart pattern appears to be a trend channel. EOS is expected to continue to move higher towards 4.3 in the short term. A negation of this move will be a close below 3.66.
Technical Indicators
Along with the upward trend channel, EOS is also currently above its short (25-SMA), medium (75-SMA) and fractal moving averages. Recently there was a positive crossover on the KST and the RSI continues to trade above 50. Since the rally off from 3.20 lows, the cryptocurrency’s RSI has mostly been below overbought territory.
Recommendation
The recommendation will be to go long at market. EOS’s target price is around the 4.30 price level and its indicative stop loss is around the 3.60 level, near the higher low of the trend channel. This produces a risk-reward ratio of 1.73.
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 going beyond $5All right, we can see that the price managed to break the resistance of the up channel yesterday which started around $3. Bulls pushed the price above $5 mark yesterday and then we witnessed a correction to 4.60 due to a profit-taking interest among the traders. Buyers reloaded at 4.60 and we can see that EOS is forming a good support at $4.80 now (which was the top of the channel before).
EOS - Trade PlanEOS has broken out of its trend line and has pulled back to its downtrend line. We can observe bullish price action which is encouraging. I am targeting the previous Resistance level of $4.72, for a potential gain of 12% and a tight stoploss below $3.80. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Broken Resistance - New SupportBulls have pushed recently and the price bounced back up from 50 MA (blue line) as expected. The bounce brought the price back to the up channel. The resistance at 4.50 has been broken and now EOS is finding good support there getting ready for its next move to the upside.
False Breakout, Support at 50 MAWe can see that bears tried to break down the up-channel on 4 hours chart, however bulls are still in control and EOS has found a good support at 50 MA (blue line) and it could not get broken for the past several days. Also, we can see MACD lines are about to cross each other soon and the orange line to go below the blue line which confirms buying signal. Following these indicators, we could expect the price getting back to the up-channel and eventually breaking the next resistance at 4.50 mark.
🔥 EOS Gradual Move Upward: Volatility ExpectedLike many other coins, EOS is currently seeing a moderate bullish move. Compared to other tokens, EOS appears to be lagging behind in terms of gains.
Since EOS has seen such a gradual gain over the last few weeks, I'm expecting a strong move in the near future. It often happens that a token goes up for a while and then there's this sudden +20% day.
Main target is the second resistance on the chart, around the $5.40 area.
Happy trading!
EOSUSDT Ready for next BULL Run!EOS/USDT(12h Chart) Technical analysis Update
EOS/USDT(12h Chart) Currently trading at $4.51
Buy level : Above $4.50
Stop loss: Below $3.76
TP1: $5.36
TP2: $6.27
TP3: $7.55
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.