EOS/BTC Fantastic S&R Scalp Opportunity [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
Here on EOS we are seeing a nice confirmation of the support zone, after the price has dropped significantly over the last few days. If the price drops a bit further, you could get a great trade in. The more you enter near the support zone, the better your risk reward will be.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EOSBTC
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WIll Alt season ever come?!
As the price falls and BTC continues to rise short term, will we be seeing a continuation to the downside for EOS or could we have already missed our entry at the 4k sats range? Only time will tell.
Regardless we are looking at these potential short setups for the time being with the main focus being, "don't trade against the trend".
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1. Our Fractal trend indicator is signaling a downtrend (Red bar color) on the 4-hour chart.
2. With the strategy, we are only entering short on a retest of the validated S/R flip(Red plotted lines) as indicated by our Directional Bias indicator.
3. Stops have been placed with the anticipation of low liquidity causing a big enough wick to stop out quite a few people. Logic is on the chart and should be easy enough to understand.
4. Our first target is the S1 range formed from a long term previous S/R flip, our second is the ideal target of S2.
5. We can also watch for S signals from Triggers to lock in profits along the way down if desired.
6. I will be posting an update right after showing where this support is coming from after the initial post so stay tuned for that soon after.
EOSBTC one last supportThis support is crucial on EOSBTC, breaking bearish we will have a big dip as there's no support zone nearby. EOSUSD had a weak bounce from the lows as EOSBTC is breaking down. The bear volume is keeping up as there's no bulls around. Keep an eye on the support if you hold EOSUSD positions.
EOS BTC - EOS sitting on strong support 20% gainsHi.
We are looking at one of the top cap Altcoins - EOS.
EOS lose some steam due Bitcoin crazy ride, but it stopped right where the really strong support is. That support line holds from September 2019, so for now it was a great accomulation zone.
There is also a reistance trendline which EOS will try to break in the following weeks. From that, there are no middle resistances. So this could bring us 20% gains.
However I would suggest to put stoploss at ~ 32833 sats, if Bitcoin decides to make another parabolic move.
EOS/BTC simple analysesHello Traders,
EOS/BTC is now testing a important support level, which is a key level for this asset, if we remain above this level, the bulls will take control of the the price one more time, and we can be heading to test the long term resistance line, but for now is time do do nothing and wait to see if this support will hold the price above, after como reversal candle stick pattern we can go long in this asset.
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EOS Will Also Jump (Analysis Before The Breakout)We can see Tron (TRXBTC) and Ripple (XRPUSD and XRPBTC) printing a bullish breakout, Cardano (ADABTC) has been going up for the past two weeks.
Here we have EOS (EOSBTC) with prices still trading below resistance in the form of EMAs.
EOSBTC is trading below EMA10 and EMA50, which gives it bearish potential.
Now, prices are trading within a falling wedge and the chart looks similar to TRXBTC and XRPBTC before their breakout.
We believe that EOSBTC will also go bullish pretty soon.
Additional details on the chart.
Thanks a lot for reading.
Namaste.
Alt season about to begin?After looking at most ALT/BTC pairs i have noticed that most alts have bottomed out with most of them printing a rounded bottom with major accumulation at these levels. With Bitcoin halving around the corner are we looking at the start of the another alt season to lure retail investors? I will update my analysis of this as the charts reveal their intentions and i find more concrete reason to re-ascertain the facts.
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EOS: Higher Low Analysis 1H (Apr. 24)X FORCE GLOBAL ANALYSIS:
Eos has been in an uptrend for the past few days. In this analysis, we explore the bullish and bearish evidence for the case of EOS based on its technicals
Technical Analysis
- Eos has been trading in an uptrend, above an ascending trend line support
- It has gone through multiple consolidation phases, with bullish patterns such as: the bullish ascending triangle, the bull flag, and currently the bullish pennant
- The Relative Strength Index (RSI) has also been trading in an uptrend, creating higher lows
- The Moving Average Convergence Divergence (MACD) shows an uptrend with its moving averages, and though it demonstrates bearish histograms, we see potentiality for a further move up with a golden cross
- We have broken through, and closed above the 0.236 Fibonacci resistance.
What We Believe
We believe that EOS' bullish trend will remain given that the bullish pennant pattern plays out, and that the ascending trend line support remains intact.
Trade Safe.
EOS ANALYSIS: LONG OPPORTUNITY PRESENTEOS ANALYSIS:
EOS has been trending in a downward channel since breaking down from recent highs. The RSI is breaking down into an oversold territory as it flats out upon each drop showing signs of life of buyers coming back into play. There is an expected bounce coming in and long opportunity from the zone of 3300-3400 sats. This support has held very strongly in the past. Take profit targets are lasted at T1 of 3590 sats, T2 at 3720 sats, and T3 at 3848 sats. Major MAs are coming down, and could possible break back below 200MA. Therefore, take profit by T3 as it is the major line of resistance now.
Possible Entries: 3300-3400 sats
EOSBTC Moving in a Fractal!?Hi all, I don't usually trade patterns like this such as fractals. This is my first, so I'd love to hear from you... the community of Tradingview! Please give me feedback on this idea and let me know how to improve it. Perhaps you can share some ideas you made with fractal set-ups?
I believe if I do everything correctly, we can look for similar patterns that happened in the past. Then, we can use those patterns and apply them on the present. Since everything matches so perfectly before, we can monetize the scenario the fractal holds and the price keeps moving exactly how we expect.
Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!