EOS/BTC; 1D; 31.08I have many requests about EOS/BTC.
"EOS on the bottom" they told. Ok, brokeout
of r-resist. of small wedge + previous fractal
looks like we have local rising trend. But!
What the real potential of rise? On 1D chart
we see very strong Resistance zone - X point -
crosses of strong R + f1(fractal resist.) +
dynamic resist. of MA 100,200.
So, I think we may see rising movement
for 15% to X-point in good scenario, if BTC will
feel good.
Generally, price on EOS is in descending channel
from 30 April, and need to breakthrough many
resistances before we can tell about rising trend.
I think, EOS/BTC can refresh previous low easy.
Be accurate, do not forget about Risk management.
EOSETH
EOS vs ETH UptrendEOS clearly has established an uptrend against the Ethereum. Since November 2017 price has been moving up, while producing higher highs and higher lows. The recent decline can only be interpreted as a corrective move down, rather then the downtrend.
In March, EOS/ETH broke above the downtrend trendline and has reached the ETH 0.033 high. The current corrected resulted in a 55% decline, and EOS is currently trading at the level of 0.015.
The price stands right at the uptrend trendline, not to mention that EOS/ETH failed to break below the 200 Moving Average with confidence. The trend remains bullish but it is hard to say when the correction will end and uptrend will continue.
EOS investors should watch the eth 0.018 resistance and 0.014 support levels for a breakout, since this price action could establish the medium term trend. Break below the support might result in further correction towards the 0.008 support, while break above the resistance should present the buying opportunity and price is likely to reach the previous high at 0.033.
EOS to outperform ETHWith ETH looking shaky (see ETHUSD: Potential Short Setup ) I'm curious to see how EOS is performing vs. its competitor Ether.
Looks like EOS may outperform ETH in the near term. Who'd be surprised? EOS: 3,000 transactions per second, ETH just 15 TPS. scaling issues and EOS's relentless attack on performance might result in EOS outperforming ETH in the future.
EOS | BULLISH MOMENTUM AHEAD |RSI - OVERSOLD
TENKAN ON PRICE
BB Squeezing and Getting Narrower
Diving into the 4hr chart we can see that EOS has been tracking well inside a falling wedge pattern since the start of May, consolidating between a strong upper resistance and lower support region.
The project struggled to inspire bullish confidence after delaying its mainnet launch for over a week, leaving investors disheartened and disappointed with the team’s competency in handling such a keystone network upgrade. This had a visible effect on the token’s value too. EOS fell by 47% over June as many questioned what was being done with the $4 billion raised during EOS’s year-long ICO.
Looking at a number of indicators now, however, we could be about to see this asset springboard off the new support area and start making its way back towards $10.
Looking at the parabolic SAR indicator we can see a flippening from bearish markers to bullish markers appearing underneath the price action. This is a good signal for the start of an uptrend.
Volume has been increasing over the last week with significantly higher highs.
MACD is showing increased momentum towards the signal line, with the faster moving average converging over the slower moving average.
RSI has recently recovered from a brief oversold moment and is now climbing back into the middle of the index channel.
On the Ichimoku indicator we still have a bearish T/K crossing but the price action is quickly approaching the red Kumo cloud and is looking like it will pass through this shortly. This will be another strong confirmation of a trend reversal.
Read more: cryptovest.com
At long last, there has been a ratification from EOS Block Producers allowing for expansion of available RAM. By all accounts, this is a reprieve and it something that the community desired all along. Remember, in the EOS network, RAM is treated as a commodity. Therefore, EOS is subject to supply-demand dynamics and that’s why it’s price continue to fluctuate.
EOS TO $1,000 - 101 PRICE PREDICTIONS FOR 2018 - CryptoManiac101EOS is a great crypto apart from all the FUD it has been receiving in prior month and it may very well one day surpass Ethereum's market cap.
Even before the Main Net launch we already saw over 10X increase in price and this is just the beginning. It will take few weeks from time main net launched for investors to catch up to EOS, however after that we will see an immense money flow into this crypto as it gets more mainstream use. I have no doubt that there will be numerous people coming out and saying that it is purely impossible, there are too many bugs into it, it is not secure and so on and all I want to tell those people is to just wait and see. You do not have to be a crypto expert to see potential in this specific crypto.
I will keep my followers and exclusive members updated on this coin, but do keep in mind that in short term there may be drops so if you're going in, be ready to hold for few month. This is not a day trade coin.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
EOS is very strong... Hello guys,
Yesterday EOSUSD pumped up with important volume due to the release of EOS's mainnet.
From a technical point of view this coin is very strong if compared to BTC, or ETH but after the
important soar of saturday it's near an important resistance area. As you can see from the chart,
prices are near to collide with $16 area which represents a strong rock to the climb.
Once this level will be broken prices can go towards historical high to $23.
This strongness is also underlined by indicators: especially CCI indicates a possible prosecution of rally.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Eos would probably resume its uptrend againTechnical analysis:
. EOS/ETHEREUM is in a downtrend and resumption of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.01765 to 0.01500). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.01765)
. Ending of entry zone (0.01500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01977
TP2= @ 0.02429
TP3= @ 0.03315
TP4= Free
EOS/ETH not Done Pulling Back?EOS/ETH just had a bullish break from a falling wedge, however, it quickly patterned a H&S.
I think a retest of the wedge's resistance, or even support, is in the horizon.
Good Luck.
EOS - What Am I Doing With EOS?Hey Folks. What's up.
Hope you are all well today and you are eating your brocolli. If it gives you indigestion, avacado's are usually a better shout.
Personally, I find they make me happy to eat and make my trading better.
Before we get onto the meat (I am a vegeterian so it might be a little awkward) all I ask you is to follow me on twitter & telegram to appease my delicate ego
T.Me/CryptoShadowAnnouncements
twitter.com
So wtf is up with EOS?
So - the EOS mainnet is roughly 23-24 days away from now. This makes EOS a good play for this month, Furthermore, there is an airdrop in 2 days.
From looking at the chart EOS is actually looking very bullish to me. But the scenario isn't simple.
Why? Well. The signs are bullish, the volume is great, we are testiing the ichi cloud on the 3hr & have broken the 1hr one.
But it is very likely that we get close to ATH and pullback into a further correction.
If you look at the daily chart we have done 4x in a very short term. The daily chart doesn't look too good.
But heck, when does EOS care about T.A?!?
I feel the correction may be complete - but it is risky when looking at a higher time frame.
For example, people dumping after the airdrop in 2 days and extending the correction could be plausible.
If you are holding EOS, here is a strategy for you.
Take profit off the table at 23 (if EOS get's there). Then rebuy on a break of ATH if it cracks it with more than a candle.
This is the safest option for EOS traders right now. Be prepared for all scenarios as always,
Points of consideration:
Support @ 184-172
Resistance @ 20000,215000,23000
If you find me T.A helpful, gimme a like. Comment and i will reply. Join my V.I.P to get more premium first hand content.
Peace
- Love Shadow
EOSETH upside potentialtrendline held very good, and got defended on higher volume.
Cloud resistance breached on 4th attempt.
SECnews on eth can serve as a catalyst to get eos going again.
EOS READY AGAINAfter breaking out the ATH it consolideted pretty well forming a triangle. If it was over it would have sink like a stone. that was not the fall.
In the last week EOS gave back a little bit of juice to bitcoin and ETHEREUM forming a downward channel against ETHEREUM and a descending wedge against bitcoin (flags).
Resistance against bitcoin was broken, against ETHEREUM is on the road.
As soon that resistance against ETHEREUM will be broken it could pop again (around 24-25 is a good target)
BIO
EOS/ETH Inside a Rising WedgeEOS has been beasting out as of late but finds itself inside a Rising Wedge Reversal Pattern.
I have EOS completing its final 5 impulse wave and preparing for a correction.
OBV is staying strong while StochRSI is riding at its peak and will need to reset before another run.
I think the correction will end around 0.0216 - 0.0212
Good Luck!