EOS/rating #48EOSIO operates as a smart contract platform and decentralized operating system designed to deploy industrial-scale DApps following the decentralized autonomous corporation model. The smart contract platform is supposed to eliminate transaction fees, and it also conducts millions of transactions per second. EOS Software (EOS) represents a blockchain architecture designed specifically for scale-up and scale-out of decentralized applications. With EOS, you can leverage accounts, authentication, databases, asynchronous communication, and distribute applications across multiple CPU cores and / or clusters.
EOSUSD
EOS Resets with Continued Large Wave 2 PullbackEOS (EOSUSD) appeared to have the much-sought-after 1-2,i-ii setup in place, but then it crashed right through support below and invalidated not only the nested setup but the entire 1-2! The primary PURPLE pattern is invalidated , which means that the correction that started after our May 2021 top has continued all the way into present-day. In other words, EOS has followed our bearish RED alt pattern that had been lingering all along! BCH, ETC, and FIL have suffered similar fates as they, too, have hit lower lows.
Well, that's a lot of doom and gloom. What's the silver lining?! Since the big pullback never ended in the first place, that means we never actually started our big 3rd wave rally. And that means that our unimpressive former 1-2 setup is dead. And THAT means that we may actually see a better 1-2 setup now. EOS can go as high as it wants now since there is nothing in place at the moment.
That said, 1st subwaves typically project to the 0.382-0.618 extensions of the previous higher-degree impulse, so I have a rough target range of 6.04 to 10.86 for a minimum 2x return (shown with the new GREEN primary pattern ). This GREEN pattern sees the larger correction as a double-zigzag, which is a zigzag pattern whose subwaves are also 3-wave corrective zigzag patterns. Double-zigzags (or double-threes) are notated with W-X-Y nomenclature in order to reduce confusion with the A-B-C subwave labels within each wave.
If that's not exciting enough, there is a strong confluence at the 1.00 extension overhead at 28.00... If not on this rally, the 3rd subwave could certain stretch there or higher!
There is no strong sign that this pullback is over, so we may still dip lower in EOS. However, if you've got moxy, it may be a great time to buy EOS. And if you're not sure but would like to get in on the action, dollar-cost averaging (DCA) is highly recommended. So far, we have a micro 1-2 possibly in place but will need to see more bullish action to convince us that there won't be a lower low. BTC and ETH, meanwhile, have had much more vigorous and convincing bounce-backs since the crash.
Bigger picture, wherever EOS tops, it would likely coincide with the MAJOR top for Bitcoin and Ethereum. While BTC and ETH will likely crash really hard, the altcoins may only pull back correctively into a lower-degree Wave-2, which could set us up for astronomical returns farther out in time. We may get many months to load up on EOS and other altcoins whose 3rd wave rally may coincide with a bear-market rally within BTC and ETH (a B-wave rally during the major 2nd wave).
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#eosio #eos #blockchain #venezuelablockchain #eosvenezuela
EOS price analysis
EOS loses 13 percent in price after the latest crypto recession
EOS records one of the biggest declines over the past 24 hours after losing 13 percent in price
Trading volume fell 35 percent as the price moved below the 50-day EMA
The Crypto market recedes into another mass-scale dip
EOS price analysis over the past 24 hours shows one of the biggest declines in the market for the token. Price fell more than 13 percent on the day, moving as low as $3.28. In doing so, EOS also fell below its crucial 50-day Exponential Moving Average (EMA), which suggests that a significant bearish outlook is on the cards. The extent of the decline was also seen in the trading volume for EOS that fell more than 35 percent over the last 24 hours, indicating the formation of a stagnant market.
The larger cryptocurrency market fell into yet another large-scale dip, the third already for this month. Bitcoin dropped more than 6 percent, sitting at $47,600, whereas Ethereum dropped 7 percent to find itself just above the $4,000 mark. Major Altcoins showed the biggest dips, led by LUNA (8 percent), and Cardano, Solana, and Litecoin receding 7 percent each. EOS took the biggest losses on the day with its 13 percent decline.
EOSUSDTThe price levels, which are currently 3.81, may fall further because it has broken the blue dotted line. If prices fall 12% lower and fall to the $3.2 levels (Yellow dotted line) and rise up from there, that is, if it makes a bottom again at this level, there may be a new rise. Because the RSI was 35 at the level when the price was $3.2, and it's 36 now, and it looks like we're going to fall more at this rate. The formation I briefly mentioned is a Positive Hidden Divergence. Prices are expected to rise after a positive confidential divergence.
We will see if there will be this discrepancy in about a week or two. In short, it can be expected without processing right now
IT IS NOT INVESTMENT ADVICE
EOSBig range channel.
This is very bad situation as it can go easy in both direction.
If break 6.5$ that would be real confirmation for bullish breakout.
If drop below 3.1$ that would be real confirmation for breakdown.
Trading between these level can be good only for scalps or short term setups.
Because we don't have real direction we just have range between 6.5$ and 3.1$.
EOS = Energy Of SuppressionThis chart is dedicated for someone who want to be on the safe side and can wait for long period without getting bored from all other coins being pumped x10 in a week. EOS chart is super ready for an upcoming beast candle. strong bullish divergence on RSI and MACD. Stochastics indicator is ready for a bounce. the target as per the Fibonnaci extension and the wolfe wave is shown in the chart. I hope EOS can make its investors happy.
⭐️BTCUSD: forecast for Nov 22-Nov 28➡️ Despite a slight recovery towards the end of the working week, Bitcoin is under the influence of sellers. The current Bitcoin price is 58,670$. The coin is moving in a downtrend channel and does not intend to leave this channel in the near future.
Earlier in the forecasts and trading ideas, it was noted that a correction in the cryptocurrency would begin soon. Now we can say with confidence that the time has come for this. The coming week would most likely be held in this vein. The downward starting point will be the price area near the ~ 60,000$ round level. A good entry point to sell is the resistance line of the downtrend channel, depicted on the chart at the level of 60147.50$ . The entrance itself is, of course, on a signal. The target of the fall will be the support level of 55521$ , at least, but the intention of the fall lies at the level of 48530$ (the price area near the round level of ~ 50,000$ ).
❗️❗️❗️ Here, it should be noted that other major cryptocurrencies are considered for sale in exactly the same way:
1) ETHUSD (SELL from ~ 4250$)
2) BCHUSD (SELL from ~ 590$)
3) ADAUSD (SELL from ~ 1.874420$)
4) EOSUSD (SELL from ~ 4.350$)
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
EOS/USDT : Trading at 2D demand BINANCE:EOSUSDT BINANCE:EOSBTC
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#EOS recently has bounced to mid range level but we didn't get the development there.
Now it just gets rejected and it has reached to range low level and 2D demand.
Expecting a bounce from here if we get the chance to cover the support zone !
📌 Also there can be some factors to take LONG on USDT's chart :
- Building a positional setup on EOS as price has swept into the 2D Demand
- Wide SL for now incase we close below the 2D Demand
- Looking for the HTF range high and will add on the way up as PA develops
📚 Have to mention that we have bullish structure on EOS/BTC's chart too :
There's a daily support located on ~0.0000700's level and RSI is had a breakout on recent dynamic resistance line.
Now there's a pullback on the support level !
The only resistance here is the the bearish trendline on RSI, Expecting a breakout after the failed retest on it, Cause the broken dynamic line is now supporting the level...
📊 I'm going to play like this on my trades in this days :
- No market longs between 23:00 UTC- 04:00 UTC (Asia Session) (Limits Okay)
- Longs Favored between 05:00-07:00 UTC ( L.O Kill zone as long as price pulls back into Demand)
- If we fill Long on Asia dip but fail to push higher on LO will be exiting longs at NY Session (12:00-18:00 UTC)
- On 1.5%+ risks will remove 0.5% at 1R NEW RULE
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
EOSUSD and BCHUSD - Common FormationEOS and BCH are portraying a common structure pre 2.618 transition
Upon transition through 2.618 I expect a large bull move for both EOS and BCH
Now is a great time to buy either
The bars pattern is extremely speculative, I have no idea where the price might top, just that its headed up after the transition