The Return of the King killer: EOSTook one hell of a beating over the last few yerars but this is one seriously undervalued Blockchain. If they go on to be as creative and innovative as the people under their employ, I expect serious up only from #EOS. Could be back in the top 10 sooner than people think.
Eosbtcbull
Eos actually doing okayEos has began consolidating itself again, with a nice support trend yielding a realistic view of its price action within the next following years,(long term)
For the moment short term if we see a volume increase within the 3-5$ zone over the next month that will be a really good indicator that EOS can step back into its bullish channel
the market doesn't have enough hands in the market to tip the balance from super bearish 28k> or super bullish 42k> for BTC.
things to look out for coming month:
Volume+:Even a moderate increase in EOS at the moment is a huge sign of upwards pressure
RSI+:if bears make a move RSI will be undersold.
if bears are attempting a 3.0 move for EOS they will be out of luck with huge buy walls in 2.60-3.0 region(huge support)
if both are bouncing with even moderate strength we can see a break for 5$
$EOS $EOSUSD entry PTs 3.50-4.25 PT 9-13EOS is the native cryptocurrency for the EOS.IO blockchain platform with smart contract capabilities. The company Block.one created EOS.IO in September 2017 and it now has over 100 dapps with thousands of daily active users. It enables decentralized apps, or dapps, to be created by software developers. The platform is more scalable than many other blockchain networks, with the ability to process one million transactions per second without any fees. Its dapp development capability makes EOS similar to Ethereum with the notable distinction that transaction confirmations are done through a different type of consensus system. Block producers are chosen by the EOS ecosystem through a voting mechanism known as delegated-proof-of-stake (DPoS). In order to vote, users must stake tokens for three days without selling them, putting them at risk of losing money should the price of the token drop during that time. There is no maximum supply limit of EOS tokens. The delegated proof-of-stake model uses inflation, capped at 5% annually, to fund transactions and pay block users.
EOS finally Breakout after long ConsolidationEOS / USDT
After almost 1 year consolidation
Price finally brokeout strong resistance zone
( 3.8$-3.9$ )
This move was expected before
we bought it below 3$ and still holding
Now for mid - long term traders EOS must hold above 3.8$ by daily candles to remain in Bullish momentum
🛑 Any daily close below previous resistance zone can turn it bearish
Next possible long term targets :
5$ - 7$ - 8.67$ - 10.9$ - 14$
Best wishes 🙏
EOS 11 months consolidation, big move soon ?EOS / USDT
The price in range between (2.22$ to 3.88$)
For almost 11 months
Tested this areas multiple times
Today we see good bullish signs on EOS
And in comparison with top alt coins keep growing
EOS didnt do so much in this period
=>Lets see if it can flip 4$ into support so we can enter on successful retest if that happens
And this will be safest approach in current situation
The next strong resistance after is around 5$
On daily chart it broke trendline and retested it
Good luck and happy trading 😉
Sucker punch for the bearsBears have really been trying to blow out this bullish channel but the support trend seems to be nice place for bear traps.
ADL is indicating that the bears are losing strength along with MACD forming nicely alongside CRSI being oversold ,which means EOS as a whole may be coming to the end of its overall decline.
rally volume and momentum is still very strong with large accumulation phases increasing the potential of upcoming volatility for the bull.
Price prediciton 3.0 by October 22nd
EOS in GREEN ( MACD DIVERGENCE )Confirmation 1: EOS Bullish Divergence on a weekly time frame. Coming weeks 30% bull run.
Confirmation 2: Tested the monthly level at 2479 which is strong support.
confirmation 3: Look at the Triangle Wedge, The upper line of the wedge has been tested and respected 5 times. The Red candle is testing the wedge by wicking at the edge of the wedge.
We may see a test at 3148. Exit the trade before 3148, because it is the monthly resistance which is going to be tested. We may see some retracement, if on the first touch the monthly level is broken EOS may test weekly level at 3552.
In Short, 20 to 25 % rise in coming weeks.
If 3148 is broken, then more 10 percent rise is expected.
Trade safe.
Good luck.
And Ignore my typing mistakes please.
Thanks.
God bless you all.
EOS kickin ass & chewin bubble gum...and it’s all out of gum!
Published on mobile -- edited on web client sorry if chart came out distorted; check comment for re-posted intended/accurate chart
Green lines represent TP 1-3
Blue line is S2/Pivot
Timeframe: Short-Mid
Volatility: high asf
Risk/Reward: 45/55
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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-@a1mtarabichi