OMG!!! Rectangle Tops with Double BottomOk people. this one seems to mean business. 3 reasons why.
- First of all we are looking at the "Rectangle Tops" formation. Very exciting news, since these patterns perform very good.
- And within the "Rectangle Tops" we've got a "Double Bottom" formation that is about to break out and thus break out of the "Rectangle Tops" formation.
- Those 2 heavy patterns now in the alt coin season? If break out confirms, thats gonna be a good party.
EOSUSD
EOSUSDT (Waiting for the resistance zone breakout in day chart)
EOSUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
EOS/USDT currently trading at $3.83
Buy-level: Above $4 (only buy if 4 candle closes above $4.00)
Stop loss: Once i see the breakout i will update
Target 1: $5.5
Target 2: $7.5
Target 3: $8.65
target 3: 10
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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EOS Analysis (Can EOS break above $3.9-$4) EOS is testing the long held key level of $3.9-$4.
If EOS breaks above this it will be a signal for large growth. This could see EOS reaching for highs of $8+ in a matter of weeks.
Wait for break above this line before entry
TP1- 5.4
TP2 - 8.6
TP3 - MOON
Always keep a STOP LOSS
EOS is an exciting project, that handles masses of transactions at a much cheaper rate than ETH, well worth keeping an eye on
If you like my idea, please like , follow and if your feeling really generous buy me a coffee on KO-FI -> ko-fi.com
This is not financial advice
Eos (EOS) -February 9Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from the 3.5233-3.7849 segment.
In particular, it remains to be seen if it can rise along the uptrend line (2).
If it goes down, you need to make sure you get support at 3.3252.
If you fall from the 3.3252 point, you can touch the 2.8250 point, so you need to trade carefully.
If you go down at 3.0339, you need a short stop loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Perfect weekly closure for EOS, guess what's next ? We are monitoring EOS since few weeks now, and we saw that EOS were arriving at the end of it's accumulation phase ...
Here is our previous analysis
Yesterday we perfectly closed the week above the resistance line ... Now we just have to be patient and let EOS cruise until our targets!
Enjoy the ride
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
EOS/USDT crab pattern suggests an increase in the priceHi every one
EOS / TETHERUS
It seems that EOS/USDT is trying to form a crab pattern because the market has already reached the X,A,B and C spot so it is expected that the price would reach the D spot (shown in the picture)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
EOS/USDT Potential breakout from triangle Its been trapped in that channel while other Alts flew. its probable it will make a move to its recent High soon. if it didn't break the channel and started moving down the main stop loss area is highlighted however I personally would exit sooner if it didn't break it in next 1-2 day as there's lots of opportunity in other pairs and wouldn't want to waste too much time on this. for mid term trades consider the main stop loss area as mentioned.
EOSUSD @ Binance weekly analisysEOS is far from it's ATH (almost 20$).
It's lacking buzz and the fact that it's main developer left this project (another one) it might be the end fot this coin.
BUT... It's still alive and everything is possible in the crypto world (XRP and DOGE recent pump).
So... for those interested in trading this coin, exiting or entering, here are my thoughts:
The overall trend is neutral... I think EOS is entering an accumulation tunnel with 2.1 as support and 4.4 as resistance on a Monthly perspective.
On the weekly perspective, there is the 3.9 resistance wich might be tested again.
Reasons to enter:
Price is above the 20 and 50 Moving Average (bullish - going long). If we get a green candle to close ABOVE 150 MA it may be add as a bullish signal. We have also a 3.28$ resistance on the Weekly that has been tested several times before and is now a support (green horizontal line). Also, the 20 and the 50 MA have crossed.
Long:
Entry: after green candle closing above the current support (3.34$)
Stop loss: slightly below 3.34$
First target: next Weekly resistance -> 3.90$ pull 75% total invested
Second target: next Monthly resistance -> 4.45$ pull remaining EOS invested.
Good trades!
BM
EOSUSD (EOS) - WEEKLY ANALYSIS ANALYSIS 🔎
- This is a double trade setup.
- EOSUSD is printing a major double bottom pattern.
- This is a bullish reversal pattern.
- At the right bottom, price action is printing a minor inverse head and shoulders pattern.
- This is also a bullish reversal pattern.
- RSI is also printing a bullish divergence signal.
- EOSUSD could be on the verge on a Long term uptrend.
FIRST SETUP
- This setup is the minor inverse head and shoulders pattern formation on the right bottom.
- This is a trend reversal pattern
- Bullish pattern to be precise.
- Price is approaching the inverse head and shoulders neckline resistance (1).
Buy entry ⬆️:
Aggressive (risky) - current market price (now).
Conservative - breakout above the inverse head and shoulders neckline resistance (1).
Targets 🎯: horizontal resistance level R2, horizontal resistance level R3 (neckline resistance (2)).
Setup invalidation ❌: breakdown below the right shoulder's horizontal support level (S1).
SECOND SETUP
- This setup is the major double bottom pattern.
- This depends on a successful outcome of the first setup.
- Price will be testing the double bottom neckline resistance (2).
- Potential breakout above the neckline resistance (2).
Buy entry ⬆️: breakout above the double bottom neckline resistance (2).
Targets 🎯: horizontal resistance level R4, All Time High (ATH) resistance, MOON🔼.
Setup invalidation ❌ - Breakdown below the All Time Low (ATL) horizontal support level.
Enjoy 🥂
EOS - $7.39EOS is currently trading above the support zone of $3.05. EOS has been lagging in price action and is in a consolidation zone so a breakout is expected. As long as it is above the support zone at $3.05, we could start seeing a move towards $3.66 which is a key resistance area to break. If this resistance gets broken and if EOS can close few daily candles above this zone, we could start seeing an impulse move towards $4.02, $4.38, $4.88, $5.53 and $7.39. Failure to hold the support at $3.05 could lead to a move towards $2.88 and $2.50
EOS LONG. BREAKOUT INC. BREAKOUT COMING, CANDLE MUST CLOSE OUTSIDE OF TRIANGLE ON THE WEEKLY (TODAY IS FRIDAY)
IF WE DO INDEED SEE A BREAKOUT, I AM EXPECTING A RETEST AT THE 3.20 RANGE ON THE NEXT WEEKLY CANDLE (FRIDAY WOULD BE 2/12) BEARISH CANDLE CLOSE. IF THIS CANDLE CLOSES BEARISH ON THE WEEKLY ON THE 2/12, WE ARE EXPECTING IT TO FILL THE RANGE AT 22$ PER, CURRENTLY 1:7 ON YOUR RETURN. AND MORE THAN LIKELY HIGHER.
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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