EOSBTC
Bear Trap on important support level for EOS.Hello, Traders.
Eos seems to be forming a bullish pivot after a beartrap on the important support level, and also the price broke the long term resistance line, so we got a lot of bullish indications.
Target is the next important resistance level.
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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/M20 & EOS/BTC Finding support on weekly Support 1?EOS is at S1 now and seems to be finding support. If it bounces from here, look for a test of the bottom of the cloud and then the pivot.
Supported by a slight bullish divergence on the RSI and signs that it's oversold.
The benefit of trading it through an M20 BitMEX derivative Contract is that you can use leverage and increase your risk/reward quite a bit, with the stop loss just under the S1 the risk is low.
If you don't feel comfortable with leverage, you could also do a spot trade on the normal EOS/BTC pair as the charts are the same.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
EOS consolidationEOS currently holding at a level of daily support in a consolidation box. Price has not been this low on EOS since 2017. Looking to possibly take a long from the bottom of the box, or possibly a short pending break and retest of current daily support level. Also EOS looks to have broken out of 2 long term downwards channel - but there still does not seem to be much upwards momentum there currently.
👍 Looking Magnificent. (EOS)😯 Seeing a pattern with all of the altcoins. Eos is showing potential massive bull pennant. Almost similar to the trx pattern I spotted.
We are on a longterm horizontal support level. Wouldn't be a bad idea to start looking to accumulate and use support as an exit if reverse down. I have not anal0the smaller timeframe, you will want to play next push up on lower timeframe.
The major key of a bullrun will be when the pattern breaks the upward Resistance.
Crossover strategy is compressing and the ema dots look at they want to shoot green.
Best of luck, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
EOS keeps charging and rejecting from supportCheck the 2.73 level and how price reacts there. It just jumped again. Looks like accumulation to me.
We are stuck in that range. If we jump higher and we turn the Weekly candle back to green, we will have a strong Bullish signal.
If we close below 2.73 we could test the uptrend line @ about 2.6 where we also have support and we are above the MAs even on higher timeframes.
A safe entry will be @2.8 after EOS confirms it as resistance
Looks quite bullish to me so i started to accumulate here and 2.6 in case it drops.
EOS/BTC(MONTHLY), GIANT BULLISH SHARK PATTERN,90 TO 400%I have already posted my short-term to mid-term analysis earlier but this is a big picture, long-term analysis of EOS. For investors or swing traders, the upside seems much larger than the possible downside of 20% or so. I am both a day-trader and a swing trader when I have time and a swing trader when I'm busy with my personal life so I always consider both perspectives, trades that will give me gains short-term and should my schedule become super busy, the long-term as well.
It's forming a bullish Harmonic on a large TF so high chances of it playing out and is also completing a falling wedge on that high TF as well, so long-term (like months going forward), I am optimistic about EOS. Additionally, the harmonic on such a large scale, I wouldn't be surprised if it took a bullish turn before completing the harmonic given the downside vs. upside.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!