EOS Down 61% vs Bitcoin since REX! #REXITEOS mainnet launched REX on 1 May 2019 and it has been a disaster both in terms of EOS value and exploitation by EIDOS.
This chart clearly shows the drop in value. Bitcoin is used as reference versus USD since cyptos tend to move together.
REX has CAUSED a drop of EOS vs BTC value by 61% it's time to ELIMINATE REX #REXIT now
Eosio
It’s a Crucial Moment for EOSHello traders and investors!
PrimeXBT is here again with another technical analysis overview, and today we are taking a look at EOSUSD.
News/Fundamentals:
The Republic of the Marshall Islands, which is home to around 50K people across 1,100 islands, is about to be the first country to launch a state-based crypto software. According to the white paper they released, it will be based on software similar to EOS.
Moreover, Weiss Ratings downgraded the rating of EOS cryptocurrency from “B” to “C-”.
The technical part of this analysis:
The crypto’s price dropped to the uptrend line within the descending channel.
If the price breaks the uptrend line and the previous swing low, a continuation of the downtrend will be confirmed and we’ll have to search for new buy opportunities based on its lower support zones.
The summary for EOS/USD based on the most popular technical indicators: Strong Sell.
Now, we should watch to see how its price reacts to the uptrend line and follow the clear market signals.
Support zone: $2.36—2.53
Market Cap: $2 405 797 264 USD
Volume (24h): $1 701 341 430 USD
Circulating Supply: 944 036 134 EOS
Share your thoughts and ideas about EOSUSD in the comments below the chart!
Watch closely for our future updates to be the first one to get well-timed trading signals!
Best of luck with your future trades, we hope they are very profitable!
EOS Technical Analysis: Intraday Timeframe Bullish BiasConclusion for today’s EOS analysis: Price expected to maintain bullish momentum and move higher.
EOS price chart presented in today’s analysis is a 4 hour (intraday) timeframe using a log scale.
Price action shown in the chart covers over 4 months of price development in EOSIO (EOSUSD). The main trend during this period has been an overwhelming bearish trend, which is highlighted on the chart using a bearish trendline, as well as the 200 moving average.
August 28, 2019 and September 6, 2019 bottoming attempts by EOSIO met resistance at the bearish trendline after which prices turned back down. September 26 and October 23, 2019 bottoming price action on the other hand was successfully able to breakout (October 25, 2019) and close above the long term bearish trendline. This implies a bullish bias and price can be expected to move to the upside.
Also supporting the notion of bulls maintaining and/or sustaining the current uptrend from ~2.54 (October 23, 2019) price low is the 200 moving average. A negative slope was maintained by the moving average throughout the 4 month bearish trend in EOSIO, but has started to turn to the upside (positive slope).
This provides added evidence that the downtrend in EOSIO might indeed by over and for higher prices to follow.
EOS +70% just corrective movementHello, Traders!
Monfex is at your service and today we overview EOS/USD .
Latest news:
The blockchain company Block.One, which developed the EOS protocol, agreed to pay a $ 24 million fine imposed by the court on charges of SEC of unregistered securities trading during the ICO organized by Block.One in 2017-2018.
Against this background, the price of EOS rose by more than 10%+ in the last 24H against the backdrop of an agreement with the SEC. The asset has become one of the growth leaders among the coins from the TOP-10 list by capitalization.
So it's say us that we need to see at TA.
What do you expect from EOS ?
Correction to Fibonacci levels, they stand as levels of resistance. 61.8% and 50% are our goals.
Period: expected until December.
At the moment, the price is in the zone of support for trading volumes and levels.
On the RSI we have bullish divergence and it's at the oversold zone and going to rise up.
Active Trade Signal by EOS/USD
Buy now near $ 2.60 - 3.00
Take profit $ 3.60 - 4.23 - 5.11
Stop at $ 2.35
Share your thoughts, ideas about the market under the chart.
Do not invest money that you cannot lose!
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.
EOS vs BitcoinHi, dear Traders!
Monfex is at your service and today we overview EOS/BTC .
EOS is moving towards the diamond support zone now. RSI has entered a recession phase in the oversold zone and by that time the price will just drop and you can expect an upward movement from the support zone to the first target.
Market Cap
$2 774 501 506 USD
Volume (24h)
$1 619 668 115 USD
Circulating Supply
936 082 773 EOS
Stay with me and you will get in time signals for EOS/BTC
Share your thoughts, ideas about the market under the chart.
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.
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.
EOS Technical Analysis: Limited Downside Potential.Conclusion for today’s EOS technical analysis: Lack of a close below the 3.31 price level implies a weakening of bearish strength and therefore bullish upside potential in EOSIO (EOSUSD).
EOS price chart presented today is a 4 hour time frame with market action from June 1, 2019 till date. A dominant downtrend can be observed using the 200 Moving average, as well as the bearish trendline drawn over price peaks on June 1 and June 26, 2019.
The bearish trend did reach support level at ~3.31 on July 16, 2019 with lack of added selling pressure causing price to bounce to the July 27, 2019 price peak of 4.77.
Another successful test of the same support level did occur on August 15, 2019 providing a confirmation and therefore implying a limited downside potential in EOSIO (EOSUSD). On the other hand, current resistance at ~4.05 is provided by the 200 moving average and the bearish trendline which could present a challenge to any bullish swing in EOS’ price.
Less conservative strategies for establishing a long position include buying as soon as price breaks above the 200 moving average (MA), and the bearish trendline. Even more conservative is buying only when price closes above 4.506 (ensures a close above a ranging environment for price), the trendline and 200 MA.
$EOS TK Cross-Recross?After a TK Cross to the downside and finding support at the bottom of the kumo cloud, a potential recross to the upside would seem to be very bullish.
The Stochastic RSI currently shows a buy signal with a cross potentially occurring at oversold levels signaling a possible reversal.
Following the MAC-D Divergence signal on 6/30, a continuation would be bullish to move back above the center line and make a bullish signal line cross.
#goEOS
Good Signals for EOS!EOS/USD shows a few bullish signals on the weekly chart.
On 12/24/18, an initial entry signal was printed which seems to have indicated the change in overall market structure.
This was followed by a bullish moving average cross around 1/21/19.
The market is currently trending higher and showing strength according to the ADX indicator.
With support around the price of $6.00, we seem to be currently retesting the midline (0) cross and looking for continuation to the upside.
EOS Technical Analysis: Daily Timeframe Chart PatternConclusion for today’s EOS technical analysis: Price closing above ~9.38 implies more bullish upside in EOSIO.
The Daily timeframe candlestick chart of EOSIO is examined in today’s analysis on a logarithmic scale. The bullish price swing from December 08, 2018 till current date is the main focus of study using chart pattern(s) and moving averages.
A bullish price channel helps to provide context for price action since December 08, 2018 with ellipses used to indicate pivots used to draw the channel. It is crucial to pay attention to the bullish chart pattern for reference and/or projection of price for profit taking.
The 200 Day and 50 day moving average is shown on the chart with the latter indicating bullish strength. Slope of the 200 day also turning positive will further bolster a bullish bias in EOSIO.
Resistance as marked on the chart is present between ~9.38 (upper boundary) and 6.6.3 (lower boundary). Price currently trading at the lower boundary presents a challenge to the current uptrend on the Daily timeframe.
Another price level or pivot for resistance in the uptrend that can be anticipated is the upper boundary of the channel (~8.20) that is the target for price action. This intersects the resistance region and should give way prior to price testing resistance at 9.38.
The least conservative form of entry into a long (bullish) position is to initiate orders in anticipation of a breakout above the upper boundary of the channel, while the most conservative entry into a bullish position is to buy on a breakout above 9.38.
How to beat EOS with 1 indicatorBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -7.44% appears you buy, if a green dot -7.44% appears after that green dot -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
EOS gearing up for a breakout!
EOS continues to move higher after finding support at the previous supply OB
We briefly tapped into the resistance zone around $5.80 before coming back down
EMAs continue to trend upwards and are very near crossing over bullish
Possible trade would be to wait for a pullback to the demand zone around $5.56, which also coincides with the EMA.
Stops would be placed below this support OB
Thanks guys!