#EOS Price Update As we can see, the price has breakdown through the ascending support of the triangle with the flat resistance , which means that the up-trend was broken and now is forming a horizontal channel .
The point from where we can start looking for any reversal pattern is located at the 0.0003060 level, until this level we can consider opening SHORT , but remember not to enter short here if you LONG $BTC, cause the correlation between these two assets is 93% .
EOSBTC
BTCDOM LONG Lets try this one more time. Looks like BTCUSD popped out of its bearish situation meaning market structure has been forced into an evolution that suggests it might be time to go dispute the dire warning I gave earlier in the year. Alot of these calls are made off of statistical probabilities which do tend to evolve over time. That being said the DOM strengthening is presenting a very interesting opportunity with ALTBTC SHORTS. Im glad I didnt get greedy and switch to ALTUSD short pairs. I for one am STILL in EOSBTC short.
Happy Trading Gents,
Mr. Lucifer
EOS | Daily observation long/short strategiesEOS is currently in the weekly consolidation range. Consolidations follow with an expansion. EOS has been gone through the distribution phase - now its consolidation phase with some choppy moves. I would like to see a clear breakout and even miss +-6% and long/short its re-test.
Liquidity has been taken on a weekly level $2.1 and created so-called "SFP" and others would say support has been holding. I can see, if a $2.6 level will be not reclaimed as the support we will visit $2.3 level pretty fast. Price is also below all 100, 150, 200 DMAs. So what is the conclusion for our scenario?
Longs play:
- Conservative long: We can see monthly resistance at $2.6, once this level will be reclaimed, you can look for longs and the target would be $3.2 and $5.5.
- Risky short with more reward: Entry long around $2.57-$2.61, the target would be $3-3.4
Shorts play:
- once $2.6 will be holding as resistance you can short this level and target daily and weekly support as outlined on the chart.
Always remember: try to pick strong coins with a clear uptrend/downtrend. Here in this scenario, shorts are in favour (price went thru distribution, has not broken through strong weekly resistance yet and Daily is not closed above $2.7 level either). But still, it depends on Bitcoin how it will react and altcoins will follow the path, probably will not have so much gain, but will follow.
EOS/BTC TA Update (Broke Bullish?)EOS/BTC
EOS broke outside the falling wedge pattern but looking a bit extended, I expect the price to consolidate above key support area at 0.5 Fib level.
We could see some minor pullback to retest the 12 & 26 EMAs to confirm as new support before potentially continue its uptrend up to the 3800 - 4000 regions.
EOS Token (EOSH20) Ascending Triangle & Bullish Momentum (263%)We are seeing EOS Token (EOSH20) moving within an ascending triangle and gaining momentum.
Notice the higher lows and the black trendlines, prices are clearly moving higher.
Volume is still average but EMA10 and EMA50 have been conquered recently.
This chart can lead to some great gains.
We are active here with the following details:
Instrument: EOSH20
Leverage: 7X
Buy-in: 0.0003330 - 0.0003530
If you would like to see the full trade details, targets, potential profits, stop-loss, and more, make sure to hit LIKE.
This is not financial advice.
Namaste.
Dominance StrengtheningDom is looking like there is strength after this initial impulse move that was seen when BTCUSD took its push off the 6300isk level. BTCUSD in my opinion is going to go for another leg up and push the dominance up to 80% as previously speculated by many analysts. If thats the case we will short ALTBTC pairs on the way down and make some money hedging on the way down while BTCUSD pumps. As of now the only trade I have taken is the EOSBTC short position. The longer Dominance stays above certain resistance levels after a impulse wave the better the chances are that it was not a fake out breakout but something that shifts momentum. We will see what happens.
God Speed,
Mr. Lucifer
EOSBTC forming bullish Shark | Upto 32% bullish move aheadPriceline of EOS / Bitcoin cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003163 to 0.0002942
Sell between: 0.0003402 to 0.0003903
Regards,
Atif Akbar (moon333)
EOSBTC sell on H1Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EOS/BTC TA Update (Rejection from Downward Channel?)EOS/BTC
EOS is trapped inside there falling wedge pattern for multiple weeks now. It is currently attempting to retest the downward channel resistance but keeps rejecting it.
If price can hold support at 3400 sats area and form a higher low. Chances of breaking to the upside are more like will happen
provided BTC dominance will remain sideways action or will not create bullish upside.