EOS - 12h. Is the correction still incomplete?Hello colleagues! It's time to update our EOS coin idea. The target of our previous idea has fully worked out and the price of EOSUSDT tested the range of $8-8.7 :
In this range, buyers met resistance from sellers and an aggressive counterattack. In just 1 day, the price of EOSUSD fell by 30% , stopping in the range of $5.4-5.9 . Since then, starting on April 18, the EOS market has stalled in consolidation. Looking at the dynamics of the price movement, one gets the impression that the correction of the growth wave from March 25 has not yet been completed. The chart also shows that buyers were unable to accelerate the rise in the price of EOS and go beyond the black channel.
If we look at the weekly timeframe, we see that sellers have good potential to continue the price movement down to $4.3:
On the weekly timeframe, you can clearly see that the last two candles on large volumes were closed with pins up. This fact signals a global sell zone in the range of $8-8.7 . The history shows that the last time the price of EOS was in this range was in May 2019. It was from this range that the global wave of decline began with a duration of 270 days.
Given these facts, we do not recommend buying EOS now . It is important to monitor whether sellers manage to break through and consolidate below the range of $5.4-5.9 . Weakness of sellers in this range will give buyers a new chance to break out of $8-8.7 , otherwise we would expect the price of EOS to decline to $4.3.
P.S. After testing the range $5.4-5.9 , we will update the idea. Therefore, like and write comments, so that you will receive a notification about the update of this idea!
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Eosanalysis
EOS - 6h. Buyers prepare for 50% growthIn fact, the month on the EOS market was completely calm. After the previous wave of growth, which ended on February 14, market participants saw a bright 40% correction. After these active actions, the price of EOS began a prolonged consolidation on the lower volumes . A new wave of growth began on March 31st. It was at this time that the situation on the BTCUSDT market came to a standstill.
The dominance of BTC began to fall , the price began to consolidate and try to correct. Taking the opportunity, the EOS market grew by almost 50% in 4 days . Most importantly, the prospect of continued growth in the price of EOSUSDT still remains.
If we look at the 3-day timeframe , we can see that high volume buyers attacked the liquid range of $5.4-5.9:
This range has been under the control of sellers since February 2020. Considering at which volumes the buyers attacked this liquid zone, their intentions are serious. For greater confidence, we will expect a retest of this range and a set of a new position in the form of consolidation.
If buyers manage to keep the price of EOS within this range, we will expect the continued growth of the EOS market to $8.5-8.6
Losing control over the range of $5.4-5.9 will diminish buyers' chances of continued growth, but will not completely cancel out. In this case, we will expect a price correction to $4.2-4.3:
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Don't take EOS lightly !! Can make you Wonder.. Hey guys welcome for a fresh update on EOS
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EOS has very Good Potential if you have Patience !!!
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EOS will prove to be a great investment if you have Patience !!
As it has not yet performed to its Potential
In the next run up
You wont be able to grab it...
Details can be found in Chart
So have a look !!
SL 3.18
Give a thought to it and manage your risk carefully...
Will Be back with other Premium Analysis in the mean time..
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Thanks for reading... Give us a THUMBS UP if you like it...
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this is Husain Zabir, signing out
Thankyou...
EOS - 6h. Investors need to be careful in the range of $4.8-5 4 days ago, the EOSUSDT price reached the target of our previous idea. After reviewing this coin again, we decided to make a new idea with the following growth target for the EOS market:
By shooting 25% in almost 20 days, buyers showed that they are ready to keep the price within the local white channel. There have been no aggressive seller attacks in the EOS market since February 23rd. This can be seen both by candlesticks and by trading volumes. However, not everything is as pleasant as it might seem at first glance.
The current channel of growth in the price of EOSUSD is more like a corrective wave before a new impulse to fall. The rather sluggish growth on low volumes signals that buyers need to be careful in the range of $4.8-5. It is from this range that, in our opinion, a new wave of decline in the EOS market may begin. However, we will write about this in more detail after testing this range.
The current local upward trend will be threatened if buyers lose control of the range of $3.9-4. However, a test of this range will not override the scenario of continued growth in the price of EOS to the zone of $4.8-5.
Given that BTC buyers were able to hold on to $54,000 , the likelihood of EOS growth lengthening is high. At the moment, this is our main scenario.
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EOS - 4h. We expect the price to rebound by 26% upwardsPatience, faith and passive defense. It is these three concepts that perfectly characterize EOS buyers. Over the past two weeks, the EOS market has had a difficult time . On February 22-23, the price of EOS fell by almost 40% . This event took place after an unsuccessful attempt by buyers to update the local maximum on February 19. In the previous idea , we expected such a scenario.
Sellers have carefully made sure that buyers will no longer have the strength to continue the trend. You can see it on the chart on February 20 and 21:
As you can see, only after 3 unsuccessful attempts by buyers to prolong growth, sellers became more active.
The current wave of decline is coming to an end. The falling momentum has moved to consolidation and now there is a high probability of a rebound in the price of EOS by 26%. The first local critical point is $3.92. The global goal of this idea is in the range of $4.4-4.5 . Two scenarios are possible from this range. Therefore, after reaching the EOS price of this mark, we will create a new idea.
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The critical point for EOS is the range of $4.5-.4.6 After setting a new local high, The sellers began to correction the price of EOS. The active wave of growth lasted from January 28. Immediately after a firm fixation above the price zone $2.4-2.5.
Our previous idea for EOS worked out perfectly:
Already on February 16, the sellers lost their strength and could not properly close the day candle. As a result, the EOS market has formed a triangle, the upper limit of which is about $5. To continue the growth trend, buyers need to establish themselves above the mark.
A good chance to implement this scenario for the occupants will be in the range of $4.5-4.6. By keeping this local range, buyers will start a new growth surge with the first target of $5.5.
However, the loss of this range will lead to bad consequences for buyers, namely a drop in price to $3.9
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EOS - 4h. Buyers do not give up and prepare for the test $3.9.Hard times came on the EOS market on January 10. After breaking the global trend line, buyers tested the mark of $3.9 and were confident that the downward trend was over.
However, the sellers decided otherwise and lowered the price in less than two days by 40% . After such a fall, the EOS market froze for almost 2 weeks.
However, yesterday we saw a good signal . During another attempt by sellers to break the critical range of $2.42-2.5, we saw too low volumes . Compared to January 11, this situation looks like the capitulation of sellers and the transition of initiative in the EOS market to buyers.
Today we saw an aggressive attempt by buyers to form a new local trend . Fixing the EOS price above $2.93 will be the first signal to continue growth with a target of $3.9.
Another good signal was the situation on the EOSBTC chart:
YES we see on the chart a strong downward trend. However, pay attention to the volumes that have finally appeared on the EOS market. In our opinion, a large buyer is actively buying EOS, while the situation allows it to do so at low prices.
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EOS - an opportunity for BUYERS during the correctionEOS has made a massive movement to the previous HIGH. SO now we have a double top at $3.8868 and price correction.
If you want to open long positions, wait for the better price. But be aware of stepping out of the growing channel.
EOS PRICE TARGET IS $5.415
Here you have entry levels for EOSUSD:
$3.4504
$3.2692
EOS-4h. Buyers have changed the situation. The next target $5.The difficult period that lasted on the EOS market from December 24 is over. Buyers were unable to take control of the $2.6-2.7 range.
Weakness of buyers was especially noticeable on December 30. In the previous idea , we assumed a short-term drop to the mark of $2.36 to check the presence of a big buyer.
However, as it turned out, the range of $2.6-2.7 was attractive enough to increase its long position in it.
Taking this range under the control of buyers completely changes the picture in the EOS market.
Now the price is moving in the consolidation channel, breaking which will give rise to a powerful wave of growth with the ultimate target of $5 . Globally, above $3 is the global trend line, which restrained the price of EOS from May 28, 2018.
Breaking this line will create euphoria similar to ETH .
Given that EOS is in the top 10 in terms of trading among cryptocurrencies - investors will support growth. The main goal of buyers is to strengthen above $3.
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EOS-3h. Buyers are preparing a strong counterattack!A very interesting situation has developed in the EOS market. Yesterday's price drop of 30% significantly added aggression to buyers.
The price quickly returned to the critical range of $2.6-2.7 and is trying to continue to grow without correction.
Trading volumes increased significantly . The last time this level of volume was at the end of November 2020.
The fact is that on the chart of the EOSBTC pair , the price reached an all-time low yesterday. Since then, the active redemption of the coin began. Looking at the EOS now, bitcoin is collapsing in March, when after the total collapse the price rose steadily and did not allow for correction.
If the $2.36 re-test takes place , it will be a good chance to buy this coin with a minimum target of $2.77. However, we will additionally make another medium-term EOS idea.
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EOSusd(t) AnalysisPlease support my work by clicking the LIKE button and following the Trading View profile.Thank you!
Everything on the chart.
We are moving in the upward channel.
We observe lateral accumulation, If you are not in a position, you can make purchases, when price make breaking through one of the sides.
I tend more to a long position.
2 targets zone above: 2.95-3$ and ~3.15$, after reaching the first target, move the stop-loss to breakeven.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
Don't miss the great buy opportunity in EOSUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.3860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EOS/Dollaris in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.
Take Profits:
TP1= @ 6.0530
TP2= @ 6.8635
TP3= @ 8.6365
SL= Break below S2