EOS LongThe ecosystem has good economic activity. Growing userbase, more dapps coming, more updates from B1, etc.
Eosio
EOS/USD fractalEOS is currently in a similar triangle as prior to the bull run to $23. This triangle ends around October 28/29. Would be interesting to see how it will develop from there onward. Stochastic RSI and MACD don't really look bullish on both daily and weekly timeframe. Anyway, watch for a breakout either way!
EOSEOSBTC shows lateral movement, in the inclined flag. First broke through the support line, a few weeks ago broke through several lines of downward resistance, but as a whole there is little sign of growth, EOS's corrective movement has still observed.
EOS - complete cycle count EOS has completed a 5 wave impulsive cycle and we are big weekly corrective trend from the genesis since it got added on Bitfinex.
EOS is about to complete the first leg in its corrective cycle to make the W leg of the WXY double zig zag at around $3.
Following which it will bounce up to make the X wave before making the final Y wave down which will take us to bottom.
EOSUSD: very dangerous pointHello guys,
analyzing the biggest cryptos I would like to point attention out on EOSUSD: in my opinion price is close to an important watershed level.
In fact price is near the trend line supporting the bullish movement started from the end of October, 2017.
It represents an important supportive area: we can consider this level to around 7 USD and once the level is broken I think EOSUSD could shrink to at least 6 USD or even to 5.2/5 USD.
Volume increases only in correspondence to red candles and this is not a good signal; indicators are inclined to further falls.
To sum up:
if price breaks 7 USD----> 6.5 USD----> 6.2/6 USD----> 5.2 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Weekly preview for EOSSince its previous all time high, EOS has formed an ascending channel with an inner ABCDE-pattern. Since Bitcoin is in a somewhat bullish mood which causes people to turn into Bitcoin instead of alts, we may see a follow up from alts when Bitcoin cools down a bit.
You can use the Fibonacci levels as possible resistance and support levels, besides general trend line support/resistance. Let's see which side of this channel EOS eventually breaks (long term).
EOS: INVESTMENT ROUND & MARKET RECOVERY - PROFIT = 17.47% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 17.47% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 6: Release of EOSIO Dawn 3.0 ahead of schedule which introduces improvements in performance (increasing the transactions processed per second to a maximum of 8000 TPS), compression improvements
April 6: Block.one signs $200m Joint Venture Partnership to Accelerate Asia-Focused EOSIO Ecosystem Development
April 19: Bitfinex announces full support for the upcoming EOS mainnet token swap
April 24: EOS Mainnet is expected to launch on 2nd June (33 days).
April 24: eToro (a social trading platform with over 9 million users) has allowed users to buy and trade the EOS token.
May 31: The EOSIO launches the Bug Bounty Program.
May 31: EOSIO Stack Exchange site is now fully open to the public and community members.
June 2: Block.one (publisher of EOSIO blockchain protocol), and SVK Crypto (an investor in blockchain technologies), announced today that they have partnered to launch a new US$50 million fund to accelerate the growth and development of the EOSIO blockchain ecosystem.
June 1: Block.one Closes Record $4 Billion EOS ICO -2.70% 3.23% .
June 2: Block.one releases version 1.0 of its open source EOSIO blockchain software. This software enables businesses to rapidly build and deploy high-performance and high-security blockchain-based applications.
June 2: Block.one launches the EOSIO Developer Portal.
June 5: Billionaire Mike Novogratz notes he is bullish on EOS.
June 6: Infinito Wallet adds support for EOS.
June 6: Bitmex lists EOS and EOS futures trading (with up to 20x leverage).
June 15: EOS launches its public blockchain.
June 28: Block.one’s releases proposal for EOS Constitution v2.0.
July 16: Block.one Closes Strategic Investment Round Led by Peter Thiel and Bitmain.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
EOS might charging wave 5 targeting 0.003 BTC surpassing BCHIt looks like we have two complete cycles of Elliott waves with peaks on January 13 and April 29. Both cycles can be scaled up being waves 1, 2, 3 and 4 of major Elliott cycle (even though wave 4 overlaps territory of wave 1). Considering this pattern we can expect wave 5 targeting to test 0.003 BTC. This might help EOS surpass Bitcoin Cash and possibly even Ripple in Market Capitalization.
Interesting entry point for EOSUSDHello guys,
after a recent very heavy bearish period of all cryptos now they seem to have found a supportive level.
Till several days ago I was convinced cryptos were destinated to collapse further, because the volume were high only when prices were falling. But after a false short signal they rebounded roughly, stopping the bearish movement. On this asset you must have the mental elasticity to change your view quickly, otherwise you risk big losses.
Even if EOS, at the moment, is not particularly strong if compared to BTC, I think EOS is at a good entry point because risk reward factor is favorable: in fact with a stop loss of about $1 we can set a first target to at least $2.
To be clear: EOSUSD leaned for two times in the last six days (validating the supportive area) on the trend line starting from the begining of the rise of this crypto.
At the moment if we buy it at $8 we can set a first target to $10.2 (R1), where passes the 200 daily MA. The next resistance level is to set to $11 (R2), where we find a resistance level.
The only thing I'm concerned about is volume: generally low and not supportive for a possible rise.
To sum up:
if we buy EOSUSD at $8----> R1 $10.2---->R2 $11
STOP LOSS: below $7
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
EOSIOEOS/USD show us good short-call to the 6$. Two similar pennants with calculations in Fibonacci lvls.
EOS in support zone!Welcome.
Fresh look at the most volatile margin coin. Performance is outstanding, giving opportunity to accumulate huge gains.
EOS behaviour is very bearish these days. Anyways, I see great buy case.
1. Price is near to high volume green candles levels.
2. 0.786 Fibonacci retracement is now crossed, but preceding candle has closed on it. This opens chance for bear trap.
3. Bollinger band is holding from the bottom.
Remember that cryptomarkets could plummet further and You should consider proper management before entering there. You should think about entry point also. In case of reversal, still there is very low possibility for new ATH, maximum 0.5 fibo could be reached.
EOS shorting down sub 8$Re opening my short from my previous post.
It looks like are completing the ABC correction of wave 2 of 5.
More downside to come. I will be looking to enter short positions near the $11.
EOS - Short to $8The last two short trades posted by me have been really profitable.
EOS had nice a little pump on the main net news.
I still think it has one more wave down before we see a strong bounce on this as well.
BTC is also expected to dump soon so EOS can be a real good shorting opportunity from up here.
Target is around $8.
EOS - short it to $9The last short on eos was really profitable.
Expecting another good shorting opportunity here on eos.
EOS looks very bearish. I think it still has one more wave left down before a bounce back up to around $9 region.
Oscillator shows hidden bearish div which is a sign of continuation of the trend.
EOS - Short to $12Well the previous long trade was bust due to btc dumping.
EOS finished the 5 wave structure with a truncated 5th wave.
This completes wave 1 of larger degree and now doing the ABC for wave 2.
This is a good short opportunity now.
Target - around $12
EOS addendumSeems that one of my main channels in the version I posted a moment ago was possibly off.
I prefer this version. Keep in mind this is an attempt at pattern recognition and forward discernment.
EOS - Ethereum of 2018? LONG term price projection.EOS is great project with strong fundamentals.
This coin has been showing hyperbullish moves.
I think we are currently in the wave 3 of primary cycle subwave 3 after putting a huge 1 and 2 of 3.
This should be the most bullish wave for eos.
EOS - completed ABC onto 17$-18$EOS is currently is finishing wave 4. Looks like a flat structure with 3-3-5 wave structure.
Next impulse should it take it to around 17-18$ before we see correction of a larger degree.
EOS - Ready to make next impulse up.EOS just completed an ABC correction after a 5 wave impulsive move.
This is a good area to long.
Oscillators also signs of bullish diveregence
Target - $13.65-13.85$
