EOSBNB
EOS/BTC (Strong Bullish RSI Divergence?)EOS/BTC
-EOS is on a strong downtrend since 2019
-But this time around, the selling pressure started to cool down
-Strong wide Bullish RSI divergence is now signaling
-A potential trend reversal in the near term
-I'm not saying the EOS will go straight up to 5200 sat right away
-It needs to break the local resistance 1st located 3000 sat range
-If EOS does the job, chances of reversal will increase
-Let's wait and see how this coin perform in the following week
EOS/ETH (Retest Weekly Fib 0.786?)EOS/ETH
-the price keeps respecting descending trendline of support
-but based on the left side history
-the next key support is located -20% down more
-which coincide with two key factors; the swing Low support & Fib 0.786
-I'll update the chart if every see reach the target area below
EOS/BTC (Retest Dec 2017 Support)EOS/BTC
-the price has reached the Dec 2017 last support area
-this will be its last area of defense to change the tide
-if this zone also failed, we will see a retest of ATL at 8000s sat
-but no worry, we can see a clear bullish divergence on the weekly RSI
-this may help the bulls and traders to start looking for best entries
-but for me, I would like to see a close above the box
-or break of the long term resistance trendline
-because that is the key signal for highly trend reversal
-I will update this chart after a weekly close or two
EOS/BTC (Bullish Pattern Break?)EOS/BTC
-starting to break the trendline resistance
-if the candle closes bullish green
-there is a high probability to change the trend
-the technical pattern we have is an ascending triangle
-the upside potential is up to 3300-3800s
-stoploss is placed under a previous higher low at the 2750s
EOS/BTC TA Update (Bulls getting ready?)EOS/BTC
EOS broke the trendline resistance from the high 4650 sats and now holding the EMA 26 plus 50MA support on the 4H timeframe.
We can see a potential 1st higher low is being set at 4060 sats. From a bullish standpoint, this higher low is our key guide for the uptrend and if the price breaks this.
Potential uptrend will be invalidated and EOS will continue a deeper correction. But if everything goes well, the upside target is up to 4600 sats.
There is a possibility for the beginning of an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4600 to 0.4220). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.4600)
Ending of entry zone (0.4220)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5180
TP2= @ 0.5430
TP3= @ 0.5890
TP4= @ 0.6460
TP5= @ 0.7060
TP6= @ 0.7900
TP7= @ 0.9095
TP8= @ 1.0625
TP9= Free
There is a possibility of the beginning an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is 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 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.5440)
Ending of entry zone (0.4940)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5980
TP2= @ 0.6460
TP3= @ 0.6800
TP4= @ 0.7610
TP5= @ 0.8400
TP6= @ 1.0000
TP7= @ 1.1000
TP8= Free
There is a possibility of the beginning an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is 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 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.5440)
Ending of entry zone (0.4940)
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 the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5980
TP2= @ 0.6460
TP3= @ 0.6800
TP4= @ 0.7610
TP5= @ 0.8400
TP6= @ 1.0000
TP7= @ 1.1000
TP8= Free