Eospriceforecast
EOS Double Nested Inverse Head & ShouldersA possible scenario for EOS. Looks like we are creating an inverse head & shoulders with a target that should complete a right shoulder for a bigger inverse head & shoulders
EOS - 6h. Below $ 3.7, buyers will have problemsThe tense situation in the altcoin market and the weak reaction to BTC's attempt to start growing is starting to worry. Analyzing the EOS cryptocurrency over the past two months, buyers have completely given the initiative to the wrong hands. If in the period of June 8-13, buyers had every chance to reverse the local sellers' trend, now we see a lack of support and desire:
On the 4 hour timeframe, we showed how buyers held the important range of $ 4.4-4.7 for a month, which has now become their main problem. On May 19, during a massive fall in the cryptocurrency market, EOS buyers kept the price in this range. However, a month later, sellers without volumes were able to lower the price lower and take control of this important range without any problems.
On the 12 hour timeframe , you can clearly see that the EOSUSD price is moving in the white channel of the fall from May 27:
The lower trend line works out especially accurately. Yesterday, buyers had a chance to go beyond the white channel and break the sellers' plans. However, as we see on the chart with such trading volumes, it is very difficult to reverse the medium-term trend.
Local scenario for the EOS market.
On the 6 hour timeframe, the price moves in a black wedge. The critical point for the continuation of the upward trend is at $3.7. Below this level, buyers will lose local initiative and will again have to prove their strength at the level of $3.35. Therefore, below $3.7, we would not recommend holding this coin for local speculation in the EOS market.
If the mark of $3.7 is held, we will expect the price to continue to rise to $4.4-4.7. At this point, it is worth thinking about fixing profitable short-term positions.
If we look at the global situation in the EOS market, we can see that the price is practically at a historical low:
On the EOSBTC chart, it is noticeable that globally buyers are gaining a large position since January 2021 at the moment, if we see another wave of decline in the EOSBTC market, this will give investors an opportunity to buy the coin for a long term in the range 0.0000725-0.0000850.
To summarize our analysis:
Local continuation of growth is possible after the price fixes above $3.7
The target of the local growth trend is in the range of $4.4-4.7
The loss of the $ 3.35 mark will open the way for sellers to $2.5
The first big target for the growth of the EOS market is $8.
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EOS - 12h. Is the correction still incomplete?Hello colleagues! It's time to update our EOS coin idea. The target of our previous idea has fully worked out and the price of EOSUSDT tested the range of $8-8.7 :
In this range, buyers met resistance from sellers and an aggressive counterattack. In just 1 day, the price of EOSUSD fell by 30% , stopping in the range of $5.4-5.9 . Since then, starting on April 18, the EOS market has stalled in consolidation. Looking at the dynamics of the price movement, one gets the impression that the correction of the growth wave from March 25 has not yet been completed. The chart also shows that buyers were unable to accelerate the rise in the price of EOS and go beyond the black channel.
If we look at the weekly timeframe, we see that sellers have good potential to continue the price movement down to $4.3:
On the weekly timeframe, you can clearly see that the last two candles on large volumes were closed with pins up. This fact signals a global sell zone in the range of $8-8.7 . The history shows that the last time the price of EOS was in this range was in May 2019. It was from this range that the global wave of decline began with a duration of 270 days.
Given these facts, we do not recommend buying EOS now . It is important to monitor whether sellers manage to break through and consolidate below the range of $5.4-5.9 . Weakness of sellers in this range will give buyers a new chance to break out of $8-8.7 , otherwise we would expect the price of EOS to decline to $4.3.
P.S. After testing the range $5.4-5.9 , we will update the idea. Therefore, like and write comments, so that you will receive a notification about the update of this idea!
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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EOS - 6h. Buyers prepare for 50% growthIn fact, the month on the EOS market was completely calm. After the previous wave of growth, which ended on February 14, market participants saw a bright 40% correction. After these active actions, the price of EOS began a prolonged consolidation on the lower volumes . A new wave of growth began on March 31st. It was at this time that the situation on the BTCUSDT market came to a standstill.
The dominance of BTC began to fall , the price began to consolidate and try to correct. Taking the opportunity, the EOS market grew by almost 50% in 4 days . Most importantly, the prospect of continued growth in the price of EOSUSDT still remains.
If we look at the 3-day timeframe , we can see that high volume buyers attacked the liquid range of $5.4-5.9:
This range has been under the control of sellers since February 2020. Considering at which volumes the buyers attacked this liquid zone, their intentions are serious. For greater confidence, we will expect a retest of this range and a set of a new position in the form of consolidation.
If buyers manage to keep the price of EOS within this range, we will expect the continued growth of the EOS market to $8.5-8.6
Losing control over the range of $5.4-5.9 will diminish buyers' chances of continued growth, but will not completely cancel out. In this case, we will expect a price correction to $4.2-4.3:
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EOS - 4h. We expect the price to rebound by 26% upwardsPatience, faith and passive defense. It is these three concepts that perfectly characterize EOS buyers. Over the past two weeks, the EOS market has had a difficult time . On February 22-23, the price of EOS fell by almost 40% . This event took place after an unsuccessful attempt by buyers to update the local maximum on February 19. In the previous idea , we expected such a scenario.
Sellers have carefully made sure that buyers will no longer have the strength to continue the trend. You can see it on the chart on February 20 and 21:
As you can see, only after 3 unsuccessful attempts by buyers to prolong growth, sellers became more active.
The current wave of decline is coming to an end. The falling momentum has moved to consolidation and now there is a high probability of a rebound in the price of EOS by 26%. The first local critical point is $3.92. The global goal of this idea is in the range of $4.4-4.5 . Two scenarios are possible from this range. Therefore, after reaching the EOS price of this mark, we will create a new idea.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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The critical point for EOS is the range of $4.5-.4.6 After setting a new local high, The sellers began to correction the price of EOS. The active wave of growth lasted from January 28. Immediately after a firm fixation above the price zone $2.4-2.5.
Our previous idea for EOS worked out perfectly:
Already on February 16, the sellers lost their strength and could not properly close the day candle. As a result, the EOS market has formed a triangle, the upper limit of which is about $5. To continue the growth trend, buyers need to establish themselves above the mark.
A good chance to implement this scenario for the occupants will be in the range of $4.5-4.6. By keeping this local range, buyers will start a new growth surge with the first target of $5.5.
However, the loss of this range will lead to bad consequences for buyers, namely a drop in price to $3.9
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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EOSUSD entry levels LONGEOS hit upper TL, but the price is still close to this TL. We can expect even a break out from the channel and ride back to ATH. I do not recommend BUY now. Just wait if we hold the line and break it higher or wait for a correction to $3.4504.
ENTRY LEVELS LONG:
UP TO $3.7200
$3.4504
$3.2692
EOS - 4h. The next target - $3.92If you are an EOS investor you remember well the market situation on January 10th . After a successful attack by buyers and great prospects for continued growth, the price of EOS turned sharply and in large volumes fell to $2.38. In two days, the EOS market fell by 40% .
The main problem is in the mark of $3.92 . In the previous idea, we wrote about global consolidation, from which the price of EOS can not come from April 2020. Buyers have already made 3 attempts to break through this mark and so far to no avail.
After a sharp drop in EOS on January 10, buyers managed to slow down the price and start accumulating strength for a new trend. Fixed above the mark of $2.91 , buyers gave a new signal to continue rising prices. At the moment, buyers have broken the local level of $3.07 and are preparing for a strong upward momentum with an ultimate goal of $3.91.
While the mark of $2.91 under the power of buyers, we expect continued growth.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
EOS-4h. Aggressive sales and critical range $2.55-2.75.The situation on the EOS market has changed dramatically.
The positive dynamics of the EOS did not help the price to consolidate outside the global trend line. Buyers lost $3 . This mark was the critical point for reaching the $5 mark .
Thus, the price of EOS returned to the limits of global consolidation and the black channel of growth.
Now sellers are trying to break the range of $2.55-2.75 . After such a sharp drop in increased volumes, we do not expect a sharp rebound in prices. The best scenario for buyers is to continue consolidating in this range for the $3 test. From the nature of the EOS price increase, it will be clear whether to expect the rally to resume with a target of $5.
Weakness of buyers in the range of $2.55-2.75 will again bring the price of EOS to the lower limit of consolidation of $2.31 . The global target is at 1.85.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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EOS-4h. Buyers have changed the situation. The next target $5.The difficult period that lasted on the EOS market from December 24 is over. Buyers were unable to take control of the $2.6-2.7 range.
Weakness of buyers was especially noticeable on December 30. In the previous idea , we assumed a short-term drop to the mark of $2.36 to check the presence of a big buyer.
However, as it turned out, the range of $2.6-2.7 was attractive enough to increase its long position in it.
Taking this range under the control of buyers completely changes the picture in the EOS market.
Now the price is moving in the consolidation channel, breaking which will give rise to a powerful wave of growth with the ultimate target of $5 . Globally, above $3 is the global trend line, which restrained the price of EOS from May 28, 2018.
Breaking this line will create euphoria similar to ETH .
Given that EOS is in the top 10 in terms of trading among cryptocurrencies - investors will support growth. The main goal of buyers is to strengthen above $3.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
EOS-2h. We are waiting for test $2.36.The sharp drop in the price of EOS on December 23 caught buyers by surprise. The $2 test forcibly closed the positions of many margin traders.
However, buyers were able to gather and organize a counterattack. The purpose of our previous idea has fully worked.
Buyers were unable to take advantage of the critical range of $2.62-2.68. As you can see in the chart, a lot of liquidity is concentrated in this range. At the moment, the price of EOS is trading below the critical range .
Therefore, the probability of a new local fall wave with a target of $2.36 is quite high .
Cancel this scenario if the price hits $2.68 and stays above this mark for at least a 4-hour timeframe.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
EOS_4h. The Critical point - $3.Miracles happen. The EOS market is a clear example of it.
How buyers were able to keep the critical mark of $2.7 will remain a mystery of 2020.
However, the counterattack of buyers from 11 December - looks indecently weak.
During 13-15 December, buyers were fixed above the mark of $2.8, as you can see in the 4-hour timeframe, all the candles during this period have pins down , which clearly indicates the gaining buyers position.
Therefore, the continuation of price movements in the local growth channel is still the main scenario. The critical point for buyers is $3. It may be the final point of the price rollback from 11 December.
_____________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
EOSUSD to see a continued uptrend(1D) | Higher lows observedMarket in last 1 week
EOSUSD saw an uptrend with the price riding the upper band
Price volatility was very high. The market moved ~35.37%, between $3.322 and $2.454
Today’s Trend analysis
EOSUSD expected to see an uptrend as higher lows were observed with Bollinger band expansion and midline acting as support
Price at time of publishing: $3.308
EOS’s market cap: $3.09 Billion
Oscillator indicators are mostly neutral. RSI at 72
Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull Moving Average indicating a buying opportunity
Volume indicators observed an increase in value as the price increased while a decrease in volume was observed with a decline in price
Price expected to see an uptrend as higher lows were observed with Bollinger band expansion and midline acting as support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line with histogram size increasing in the positive region, suggesting bullish bias. RSI at 72, in the overbought region indicating a downtrend soon. CCI is around 236, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume indicators observed an increase in value as the price increased while a decrease in volume was observed with a decline in price indicating a strengthening buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
EOS 1D Is there a strong buyer?Previous EOS idea posted 2 months ago.
And although it was less popular than our other ideas, it worked out well.
First, the price went down to the accumulation zone, where a strong buyer was sitting. Then a sharp bounce to the upper level $3.
The price approached the accumulation zone with a strong buyer for the fifth time . But this time, it fell a little lower than usual, and this is alarming .
Now the price is trading in the middle of the range. Although it most likely is in a falling channel .
Buyers' strength will only be confirmed above the level $3.
If the price fixes below $2.30, then firstly hello to $2.05, or even $1.78-1.83.
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EOSUSD expected to see an uptrend(1D) | Higher lows observedMarket in last 1 week
EOSUSD saw a slight downtrend with price getting lower band support to consolidate
Price volatility was very high. The market moved ~12.41%, between $2.68 and $2.39
Today’s Trend analysis
EOSUSD expected to see a slight uptrend as the price got support from lower band with higher lows being observed
Price at time of publishing: $2.585
EOS’s market cap: $2.42 Billion
Oscillator indicators are mostly neutral. RSI at 41
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indiacting a buying opportunity
Volume indicators saw a similar value for blue candles while relatively high values for red candles with the value being less than 20-candle moving average
Price expected to see a slight uptrend as the price got support from lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above signal line with the histogram changing its direction from negative to positive, suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI is around -57, in the neutral region. Another interesting point to notice here is that the volume indicators saw a similar value for blue candles while relatively high values for red candles suggesting a slight strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
EOSUSD to see a slight uptrend(1D) | Bollinger band squeezeMarket in last 1 week
EOSUSD saw a slight downtrend with the price being below the midline
Price volatility was high. The market moved ~7.75%, between $2.78 and $2.58
Today’s Trend analysis
EOSUSD expected to see a slight uptrend as the price observed a series of lower highs and higher lows, expecting to continue with Bollinger band squeeze taking place
Price at time of publishing: $2.674
EOS’s market cap: $2.51 Billion
Oscillator indicators are mostly neutral. RSI at 40
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indiacting a buying opportunity
Volume indicators saw a relatively low value around 270k to 400k with a spike observed for recent low value at 900k with the volume being below the 20-candle moving average
Price expected to see a slight uptrend as the price observed a series of lower highs and higher lows, expecting to continue with Bollinger band squeeze taking place. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line with histogram size decreasing in the negative region, suggesting bearish bias. RSI at 40, in the neutral region below the midline. CCI is around -78, in the neutral region. Another interesting point to notice here is that the volume indicators saw a relatively low value with a spike observed for recent low value with the volume being below the 20-candle mvoing average indicating bullish momentum.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
EOSUSD expected to see a downtrend(1D) | MACD suggesting bearishMarket in last 1 week
EOSUSD consolidated after getting support from the lower Bollinger band
Price volatility was very high. The market moved ~10.44%, between $2.93 and $2.66
Today’s Trend analysis
EOSUSD expected to see a slight downtrend as the price is trading between the midline and lower band with Bollinger band inclining downwards and lower highs observed
Price at time of publishing: $2.749
EOS’s market cap: $2.59 Billion
Oscillator indicators are mostly neutral. RSI at 42
Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull Moving Average indiacting a buying opportunity
Volume indicators saw a decrease in recent candles with a spike for a red candle, with the traded volume decreasing from 873k to 169k being below the 20-candle moving average which saw a decrease
Price expected to see a slight downtrend as the price is trading between the midline and lower band with Bollinger band inclining downwards and lower highs observed. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line with histogram size decreasing in the negative region, suggesting bearish bias. RSI at 42, in the neutral region below the midline. CCI is around -76, in the neutral region. Another interesting point to notice here is that the volume indicators saw a decrease in recent candles with a spike for a red candle indicating a strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
EOSUSD expected to see an uptrend(1D)! | Bollinger Band expandsMarket in last 1 week
-EOSUSD saw a major uptrend with breaking the upper Bollinger band
-Price volatility was very high. The market moved ~36.69%, between $3.95 and $2.89
Today’s Trend analysis
-EOSUSD expected to see an uptrend further as the price has broken the upper band along with the expansion of Bollinger Band
-Price at time of publishing: $3.849
-EOS’s market cap: $3.59 Billion
-Oscillator indicators are mostly neutral. RSI at 72
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume as the price breaks the upper band with the trade volume increasing from 835k to 4.07M being above the 20-candle moving average which increased from 893k to 1.17M
Price expected to see an uptrend further as the price breaks out of the upper band and Bollinger Band expands. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line with histogram size increasing in the positive region. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 202, also in the overbought region. Another interesting point to notice here is that the price has broken R2 level in pivot points and thus will get the resistance at R3 suggesting an uptrend until R3 is reached.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
EOS Price Analysis - Biggest Loser Today
Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still there but is winding down fast. If the volume decreases further, that will be reassurance for a sideways market. Until then, be ready for another drop.
EOS Price Prediction
While the RSI seems relatively stable, BBs are showing that there still is a chance for a slight drop. All eyes are on the volume right now, if that drops down further then the chances of sideways trading increase.
My prediction is that EOS will dip again very slightly to $2.82 before making another attempt at recovery. This is assuming Bitcoin remains stable as well.
Read Full EOS Price Analysis and Prediction - Cryptomode
EOS Price Analysis - Sideways Trading Continues
Relative Strength Index: The RSI is currently at a healthy 41 points. This means that the market will most likely continue to trade sideways for the next few hours.
Bollinger Bands: The price is also within the bollinger bands range, meaning it will most likely stay at the same level. Moreover, the price is right on the line with the MA, further reinforcing the signal of an upcoming sideways market.
Volume: At the time of writing, the volume for EOS is nearly nonexistent. This means the market doesn't have much power to slide upwards or downwards anytime soon. This isn't surprising as it's the weekend and volume usually drops during this time.
EOS Price Prediction
The RSI, Bollinger Bands, and Volume are all signalling a sideways market. While we didn't have much positive news about EOS recently, it doesn't seem like the market is exhibiting too much bearish pressure. As such, my prediction is that EOS will continue bouncing between the $3.8 and $4 levels for the next day.
Read Full EOS Price Analysis and Prediction: NullTX
EOS Price Analysis 9/16/19 - Double Top, Can $EOS HODL $4?
Relative Strength Index: The RSI is currently at a healthy 43 points. It’s a bit low, but that’s expected given the recent slight price decline.
Bollinger Bands: The price is also leaning towards the low end of the band which most likely means it will stay at the current level for a few more hours at least.
Volume: The volume is surprisingly high at the time of writing. That’s most likely because it’s a start of a new week when market action usually picks up.
Double Top: With the EOS price dropping from a high of $4.15 to a current of $4.09, a double top pattern has formed. This pattern is extremely bearish, but the caveat here is that a double top usually signifies medium to long term trend change. Since we are looking at the 15 minute chart, we are dealing with short term trends. As such, there’s no reason to take the double top too seriously.
EOS Price Prediciton
Because we’re at the start of a new week, and with the $EOS and $Ethereum upgrades ahead of us, I’m going to predict that EOS will be able to hold the $4.0 support. Even though some news came out about the EOSPlay hack , 30,000 isn’t that significant and won’t have much of an impact on the market. On the other hand, with the new EOS version upgrade coming up in seven days, bullish momentum is in the works for the cryptocurrency.
On another note, it’s important to keep a good eye on Bitcoin’s price movements. As any big swings will have a similar effect on the rest of the crypto markets.
Read Full Analysis: CryptoMode