EOS IS LATE TO BREAK OUT AND IS FORMING A MASSIVE SYM TRIANGLEHello Traders,
EOS seems to have been one of the weakest performing alt coins and has not yes broken resistance. The price looks like its trying to break resistance and has formed a massive symmetrical triangle on the daily.
Im bullish here. As with all symmetrical triangles wait for the breakout direction to be confirmed and then buy/sell into strength.
EOSBTC
EOSUSDT ( Symmetric Triangle Breakout)#EOSUSDT (1H CHART) Technical Analysis Update
Symmetric Triangle breakout
EOS/USDT currently trading at $2.95
LONG ENTRY LEVEL: $2.90- 2.95
STOP LOSS ( support): Below 2.80$
Resistance level 1(Target) : $3.35
Resistance Level 2(Target): $3.70
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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Potential 14x incomingIt looks like EOS is coming close to breaking out of a massive descending triangle.
There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%.
The second massive descending triangle would be putting it up by around 1400%!
Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the first smaller triangle within 1 - 3 more bars ( weeks ).
A breakout of the smaller descending triangle will automatically lead to a push above the resistance line of the second massive descending triangle which was previously touched 4 times already.
The RSI shows EOS currently in an oversold area, so it looks like a good entry point as well.
EOS/USDT ( Symmetric Triangle in 1 Hour Chart)Symmetric Triangle Breakout
EOS/USDT currently trading at $3.54
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $3.95
Resistance level 2 (Targe ): $5.50
Resistance level 3 (Target ): $8.65
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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EOS Is Going To Explode To The Upside #ALTSEASONMartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market could be here right now
EOS Is Very Bullish right now and will move a lot higher
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
EOS Breaks The Falling Wedge, Up Until Mid-Dec.EOS Token (EOSBTC) will not stay behind compared to other altcoins, ADABTC, BCHBTC, XRPBTC, XRPUSD, etc... It will also move up.
These altcoins will go up and do good until around mid- or late December. You read it here first 😊
Here we have a falling wedge that's already breaking bullish.
We have prices moving above EMA10.
Both the RSI and MACD are still low but clearly trending higher...
The other pairs, let's call them EOS brothers and sisters, are already moving bullish and they tend to move together.
The numbers you see on the chart are the targets.
The red dashed line at the bottom is the support.
For any questions leave a comment.
Namaste.