EOSBTC
EOSUSDT (Waiting for the resistance zone breakout in day chart)
EOSUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
EOS/USDT currently trading at $3.83
Buy-level: Above $4 (only buy if 4 candle closes above $4.00)
Stop loss: Once i see the breakout i will update
Target 1: $5.5
Target 2: $7.5
Target 3: $8.65
target 3: 10
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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EOS rejected again, will soon trade higher.EOS got rejected yet again by the red resistance box which also lined up with the 314MA, which has proven in the past the act as resistance and support. We can see the 200MA and the 314MA coming together now and is underneath the 1000 sat area. If ETH can break this resistance we can definitely see a new long term uptrend starting here. We will once again consider laddering some longs around the 200MA.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
EOSUSD (EOS) - WEEKLY ANALYSIS ANALYSIS 🔎
- This is a double trade setup.
- EOSUSD is printing a major double bottom pattern.
- This is a bullish reversal pattern.
- At the right bottom, price action is printing a minor inverse head and shoulders pattern.
- This is also a bullish reversal pattern.
- RSI is also printing a bullish divergence signal.
- EOSUSD could be on the verge on a Long term uptrend.
FIRST SETUP
- This setup is the minor inverse head and shoulders pattern formation on the right bottom.
- This is a trend reversal pattern
- Bullish pattern to be precise.
- Price is approaching the inverse head and shoulders neckline resistance (1).
Buy entry ⬆️:
Aggressive (risky) - current market price (now).
Conservative - breakout above the inverse head and shoulders neckline resistance (1).
Targets 🎯: horizontal resistance level R2, horizontal resistance level R3 (neckline resistance (2)).
Setup invalidation ❌: breakdown below the right shoulder's horizontal support level (S1).
SECOND SETUP
- This setup is the major double bottom pattern.
- This depends on a successful outcome of the first setup.
- Price will be testing the double bottom neckline resistance (2).
- Potential breakout above the neckline resistance (2).
Buy entry ⬆️: breakout above the double bottom neckline resistance (2).
Targets 🎯: horizontal resistance level R4, All Time High (ATH) resistance, MOON🔼.
Setup invalidation ❌ - Breakdown below the All Time Low (ATL) horizontal support level.
Enjoy 🥂
EOS still trading low and has huge potential upside!!EOS seems to have turned the 200MA into support and is trading right above it. This is a very good sign and can signal a long term reversal and the start of a new uptrend, especially after BTC has made incredible new highs and is trading sideways just below the 40 000 dollar area. I am very interested in laddering some longs around this area on the 200MA as this would offer proper support. It also lines up perfectly with the 4hr green ichimoku cloud which offers additional support.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
EOS/BTC / 1h / Uptrend when?
This is not financial advice, this is just my perspective.
EOS has been falling so hard people keep investing because we reach all time lows,
we are currently trading below the 200 EMA and keep failing to beat daily high so be aware,
if we don't have confirmation candles closing above the 200 EMA we could be still be in a downtrend.
Considering it looks like we had a head and shoulder pattern 3 days ago,
we could be looking for an upwards correction breaking the 200 EMA sometime soon.
However, the drop could go to .0000750 before this happens.
Let me know what you think.
Don't forget to follow if you would like to see more alt coin charts in the future. Bless you all.
Can EOSBTC overcome this range???EOS is an interesting Alt we are looking at. It has been trading in this range for about 29 days now. Recently it tested that red box as resistance again and got rejected as it is a strong resistance area. However We can see that EOS has overcome the red ichimoku on the 4hr and the cloud has also turned green.
We want to see the upper area of this red cloud reacts and if it can create support, if so we will consider laddering longs around this area. If this does not happen another opportunity we will look at is a break out of that red box resistance area and setting a momentum long order above that area.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
EOS - Back into the channel?Not going to lie, EOS/BTC is looking a bit bearish right now. But so does the rest of the market - unfortunately that is the nature of Bitcoin moving a lot. However although we fell below support on the ascending channel, EOS/BTC has been fighting hard to get back above what is now resistance. I think this is a risky trade I am willing to make, entering here at 8780 sats. Looking in the long run, we might be able to head towards our long-term resistance around ~1100 sats. That would make great returns! I will be stopping out around 8,600 to minimize the potential loss since this is a fairly more risky trade. Good luck folks!
Breakout on 1D Mac-DGentleman and Aliens.. We have just crossed the 1D MAC-D Resistance.. I shall all see you safely land on planet X029192 If day ends above.. Good Luck.. Safe Trading.. I think with the SEC cracking down on everyone and this actually not a threat with the SEC we can see some insanae 500%+ gains this year. This is not financial advice this is Alien 573's advice!