ridethepig | EOS Market Commentary 2020.02.05I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:
It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity.
Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50.
Well done those taking some chips off the table!
EOSBTC
EOSBTC Ascending TriangleAs the title suggests, BINANCE:EOSBTC is looking like an ascending Triangle. There is some overhead resistance at 4800, but should it blast through it should push into the 5000 OB area. Pattern is invalidated below 4200, there is the chance it creates a larger pattern, but I don't foresee that should this triangle break bearish. You can buy at CMP with a stop below 4200 or buy the breakout.
EOS Breakout Soon?Since the start of 2020, price has been chopping upwards into resistance for EOS. The purple line is the point of control. A break above, and I would be bullish to at least the yellow level.
Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation.
Conversely, a break below the black line would stop out this trade before seeing further downside.
Until then, we are at the moment of truth. We'll see how this one unfolds!
$EOS to pump 100%! Dear traders,
Im analysing more and more alts right now because the bottom is definitely in. They are showing a nice reversal pattern.
My expectation is that EOS and other alts can go parabolic in the coming week. I think there is more room to grow 100% before the first big correction.
The signals that are coming up right now are similar to alt-runs before.
First Targets (100%)
4800 SATS
5800 SATS
6800 SATS
7400 SATS
9300 SATS
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BTC .D decreasing
Goodluck!
EOSBTCEos looks strong against btc.
Inverse head and shoulders pattern formed with nice chunks of volume.
Doesn't look perfect but it's still worth keeping an eye on.
A possible trade would be made IF the headline is broken.
Remember to set your stop losses and do your own research, this is just an informative post, not a financial advice.
EOS/USD Price above the channel Flag Pivot points Past idea +80%The price moves above the resistance of the downtrend of the downtrend channel.
Perhaps the canvas of the rising flag is being formed - the maximum goal is the resistance of the downward channel of the main trend.
If, nevertheless, the price cannot convincingly consolidate above the previous channel, then a possible price movement down into the previous channel of accumulation.
Zones (pivot points) for observation, and price levels I indicated on the chart.
The algorithm of work, I think, is very clear.
Entry points and under what conditions I will not describe, as I think everything is clear. I previously described them and showed them in past trading ideas on this coin.
One trading idea is to work in this local channel.
Another trading idea is work and movement options on a global scale.
The first trading idea in local work in a downward channel gave + 80% profit in a relatively short period of time.
Entrance area.
Profit a little more + 80%.
Also, please pay attention to the trading idea of the same coin only to a pair of bitcoins - EOS / BTC.
EOS / BTC Channel breakout. A triangle may form.
Actual work on two pairs will be when the BTC / USD pair is pumped before halving or vice versa dumped.
On asynchronous arbitrage of the movement of the price of this coin to Bitcoin, you can make good money. In conjunction EOS / BTC + EOS / USD + BTC / USD.
I made a teaching idea about this about 2 months ago.
This is a difficult job, but profitable.
All successful bidding and big profits.
EOS/USDT TA Update (Bullish Uptrend?)EOS/USDT
EOS confirms new support at the 200D MA regions and has now entered the $4 resistance area again.
As long as EOS can maintain above 200MA for the next couple of days,
we can expect the price to reach up to $5 regions provide Bitcoin's action will find consolidation or skyrocket to 10k dollars.
EOS bull flagPotential 3% scalp here with possibility to grow for more, in case BTC will be stable. Long entry at pullback to 416 (no guarantees it will drop there before move up). With all that day chart is rather dangerous and favor building up a short position targeting 390-400. Weekly bullish, so after that pullback EOS should continue growth.
Another Long-Wick For EOS, Bulls Want Back InEOS (EOSBTC) is printing quite the bullish candle today with a long-wick signaling sellers rejection... That's today's candle that closes at 00:00 UTC (in 44mins).
Here we have a bullish flag and EMA200 (brown) working as resistance.
We can see looking at a quick bounce to go lower and test EMA50 and EMA100 which hasn't been tested or... We are looking at a test of EMA10 which will lead to additional bullish action... Whatever happens, we already bought when the prices were low.
Namaste.