Eosbtclong
Bearish accumulation or sideways movemten?Hello, traders.
Tell us what you think.
EOS is close to the long-term resistance, which may decide the future of that asset price. We are on a few days within an accumulation zone. We don't know if it is a bearish accumulation or sideways movement, so we are going to wait for the price to decide the next move. Within which case, the long position is above the resistance, and the short position bellow that accumulation.
Best Regards.
Gustavo.
EOS breaking out of consolidationMassive high timeframe bull div on RSI, Tenkan/Kijun just crossed bullish. Breaking out of consolidation now. It barely moved this cycle, it seems like now is finally the time. TP1 - cloud's bottom edge, TP2 - 200EMA, TP3 - flat cloud + previous orderblock S/R level. SL - 2700.
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.