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Eosbtclong

EOS/BTC Looks Bullish in Daily TFBullish Characteristics: Ichimoku Cloud - - Beginning of a cloud twist appears to be forming ahead (From RED to GREEN) - Tenkan-Sen/Conversion line crossed above Kijun-Sen/Base line (Blue line above Red line) or (Fast MA above Slow MA) - Price broke through Senkou/Leading Span B into the red cloud, has since retested Span B (GREEN cloud line) as support and will look to cross the cloud for a breakout above Senkou/Leading Span A (RED cloud line). - Chikou/Lagging Span. Should break above price action and/or cloud once the breakout occurs giving further bullish confirmation. Ascending Triangle - - Price near end of bullish pattern - Volume slowly declining (Less trades as traders wait to see where price goes upon pattern completion RSI - - Respected a clear resistance line until it broke through (simultaneously while price broke into cloud). - Line was retested for a support and held up - Outlined in RED is a hidden bullish divergence - Also looks as if RSI will be able to stay above 50 indicating a possible trend reversal. Entry - - I believe since price is bouncing off support along the ascending triangle as well as the Span B line within the cloud, taking a long at the current price would be safe. A more conservative approach would be to wait until price breaks out above the cloud along with the Tenkan line over the Kijun Line. And waiting for Lagging span to break above price as well. Exit - - Targets could include measured move of Triangle - Could also wait for a cross of Tenkan (Blue) below Kijun (Red) after breakout - Or set TP at next resistance after Breakout - Set Stop loss below 3000 sats for first entry, or below most recent swing low for more conservative entry This is not financial advice. For personal reference and discussion only. GL!!!
Long
by JViLLe
EOSBTC - WEAK BULLISH SET UP 1DAs you can see EOSBTC has been going sideways lately, with a last peak with volume. Now volume is still and that should ring a bell in our bullish minds. MACD signal crossed zero line signaling bullish trend. ADX is telling us there's still no trend in PA but DI+ is over DI- so there's a probability a new bullish trend start if volume comes. As you know, when ADX is below 20, we like to pay attention to stoch better than RSI, and stoch is in a dangerous position for bulls, going again to overbought area. At the begining of a new trend, overbought territory is not as dangerous as in a bear market, so indicator could remain there a lot of time while PA rises. Nontheless, we need to be careful and get out of our trade if stoch cross bearish and get out from overbought line. Finally, PA is over EMA21 and EMA55, and the bullish crossover is near. So, i can see a good trade entering above 3515 (last good white candle with volume) and babysitting the trade specially stochastic.
Long
by EstebanH
Emergence of a new trend for EOS Hello, Traders! Monfex is at your service and today we overview EOS/USD . There is a medium-term resistance for the EOS of about $ 3.95 , upon reaching which the EOS will break through the global resistance lines. Locally, there is a falling wedge and a downward channel. Breakout of $ 4 will confirmation of bullish trend. Before the end of the year RSI will have left the oversold zone. Perhaps recently, a large second(2) wave of the Elliott(12345-ABC) Waves was ended at a large support line and the third(3) long wave begins. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:EOSUSDLong
by Monfex_UK
EOS has formed a triangle and BAT | Upto 228% profit expectedSince Feb 2018 the priceline of 7th largest cryptocurrency EOS moving within a triangle. After Dec 2018 the price action is hitting the triangle support. The candle sticks are also hitting the bollinger bands lower band. The stochastic went in oversold after Jan 2019. In the meanwhile the price action also formed a bullish BAT pattern at the end of triangle and sofar no candle stick has closed below the potential reversal zone. I have taken the complete price action of BAT pattern and also the complete triangle within a fixed range of volume profile and both are showing very weak interest of traders at this area. The price action will be reversed from this potential reversal zone of BAT soon insha Allah and this can lead upto sell targets of complete triangle. So there are two sell targets I have defined one is for BAT pattern and other one is for complete triangle and those targets are as below. Buy between: 0.0006169 to 0.0005489 (even you can buy upto the support of triangle) Sell targets for BAT pattern: 0.0007786 to 0.00102152 Sell targets for complete triangle: 0.00114704 to 0.00199136 Regards, Atif Akbar (moon333)
Long
by moon333
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