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Eosforecast

EOS/USDT: Corrective Elliott Waves 1H (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we zoom out from our previous analysis to assess the temporarily bearish probable cases for EOS. Bullish Evidence - To begin with, the Simple Moving Averages (SMA) are all aligned in the order of: 20SMA, 50SMA, and 100SMA - This not only indicates strong support but also strong bullish momentum - Prices are forming higher lows and higher highs - The Relative Strength Index (RSI) is at neutral levels - Prices are trading above the Ichimoku cloud support, as an indicator of bullishness and strong support Bearish Evidence - However, we have spotted a textbook bearish divergence, with higher highs on the price and lower highs on the RSI - The Moving Average Convergence Divergence (MACD) is about to form a death cross, as it shows weakened momentum with smaller bullish histograms - Counting Elliott Waves, the Elliott Impulse Wave count (12345) is over, as we look for either a corrective wave in play or waves for consolidation - While there is a clear uptrend, the fact that the trend is going parabolic can be quite worrisome. What We Believe In summary, EOS has had a good rally, and is temporarily looking for a correction at the moment. However, as there are a plethora of technical evidence indicating potentiality for bullish scenarios as well, further confirmation would be required for a complete bearish trend reversal. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
EOS/USDT: A Bullish, Steady Uptrend 15m (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore EOS' Tether (USDT) pair on the 15min chart to assess the bullish and bearish probabilities. Analysis - To begin with, we are currently trading within an ascending parallel channel - Prices are creating higher lows and higher highs - EOS shows a breakout, then a long phase of consolidation, leading to another breakout - We are currently trading above the 20 Simple Moving Average (SMA) as support - After reaching levels close to the upper channel resistance and correcting, we have tested the 0.5 Fibonacci retracement support and bounced off previous local high support. What We Believe We believe that EOS is another altcoin that shows signs of extreme bullishness with huge upside potential. However, it's important to take into consideration the fact that no real confirmation has been provided yet. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
Don't miss the great buy opportunity in EOSUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (4.3860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EOS/Dollaris in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 80. Take Profits: TP1= @ 6.0530 TP2= @ 6.8635 TP3= @ 8.6365 SL= Break below S2
BITFINEX:EOSUSDLong
by ForecastCity
15
EOS Technical Analysis: Bears Ready To Pounce?Conclusion for today’s EOS Technical Analysis: A break below the 200 moving average implies further downside in Eosio (EOSUSD). EOS technical analysis for today is presented on a log scale using an intraday timeframe (4 hour) candlestick chart. The dominant trend in EOSIO since May of this year is indicated by the bearish trendline. Besides, the 200 moving average is used in this case to provide perspective for price action, which includes monitoring for a possible trend change. The bearish momentum is EOSIO continued up until September 8, 2019 when price closed back above its 200 moving average for the first time in over 3 months. This implies a possible trend change from bearish to bullish. A close above the 200 moving average carried price up to the resistance at the bearish trendline with price momentarily closing above the trendline before dipping back below. Possible support for the current bullish momentum from the September 06, 2019 price bottom of ~3.10 is provided by the 200 moving average. As a result, price consolidating at the moving average would be ideal prior to resumption of the bullish uptrend that should see EOSIO successfully breakout above its long term bearish trendline. On the other hand, a decisive close below the 200 moving average presents a great challenge to the bullish analysis for EOSIO.
COINBASE:EOSUSD
by Coin_Analyst
EOS Price Analysis and Prediction for September 6th, 2019 Relative Strength Index: The RSI is currently at a healthy 54 points. This means the market is stable, yet has enough power to make a move again. We’ve see the RSI hover above the 50 range for quite some time, meaning the market does want to make a move. Bollinger Bands: The price did touch the lower band earlier and quickly rebounded to the MA line, where its at now. If the RSI keeps rising we should see the price test the upper bollinger band and potentially test the $3.3 resistance. Volume: The volume is actually relatively impressive given the sideways trading. There’s quite a bit of volume and I’m surprised the market hasn’t moved more. EOS Price Prediction My opinion is that EOS will see some positive momentum in the coming hours. Since Bitcoin is on a bull run right now, altcoins are bound to follow. While altcoin season has been quite bad lately, EOS has been doing a relatively good job staying stable. The current price of $3.2 has a long history for EOS so the support at that point is solid. If Bitcoin pumps high enough, I believe EOS will follow. Read More: EOS Price Analysis 9/6/19
BINANCE:EOSUSDLong
by nulltxmark