EOSUSD
EOSUSD: Long Trade from 2.75$ SupportThe price bounced from 2.75 support zone. Despite a bearish signal from MACD histogram, we can expect a possible upward movement starting from that zone. RSI is going to confirm the price reversal.
Here is an example of a long trade. Stop orders has to be placed below the support and the local swing low. The profit target should be at the previous market high.
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EOS 1D The trend determining for the coming months is closeIt looks like an active buyer , who aggressively bought back EOS from the level $2.36 5 times, has taken action.
The increased volumes helped break through the trend line , which has been falling for almost 2 years. However, BTC and the entire crypto market flow prevented the price fixing above the trend.
Now the price is again approaching the trend, although the trading volumes are much weaker.
To continue growing to the zone $5, first one needs to confidently break through and fix above the highlighted blue zone, above $3.30 . This will be the signal for a safe long entry.
If the trend line cannot be broken upwards, then the level $2.36 will pull the EOS price to itself like strong magnet. It was there where the "secret bull" was bought.
At the same time, the market will be able to check if there is still an aggressive buyer there or if it can fall lower.
EOSUSD D1: IHS BULLS 150% // but correction first(NEW)Why get subbed to me on Tradingview?
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EOSUSD D1: IHS BULLS 150% // but correction first(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect correction
in EOSUSD before reversal later.
🔸 Summary and potential trade setup
::: EOSUSD daily chart review/outlook
::: speculative IHS setup in progress
::: neckline set at 3.80 USD
::: heavy rejection / double TOP at 3.80
::: upside very limited from here
::: expecting CORRECTION MODE 4-6 weeks now
::: BEARS get ready to short into BOUNCE
::: SHORT/HOLD and exit at +40% gains
::: BULLS should wait for IHS HEAD
::: near 1.50 USD - still 40-50% downside
::: recommended strategy: SHORT THE BOUNCE/HOLD
::: TP BEARS +40% gains
::: correction mode now
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: BULLS
Potential 14x incomingIt looks like EOS is coming close to breaking out of a massive descending triangle.
There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%.
The second massive descending triangle would be putting it up by around 1400%!
Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the first smaller triangle within 1 - 3 more bars ( weeks ).
A breakout of the smaller descending triangle will automatically lead to a push above the resistance line of the second massive descending triangle which was previously touched 4 times already.
The RSI shows EOS currently in an oversold area, so it looks like a good entry point as well.
EOS/USDT ( Symmetric Triangle in 1 Hour Chart)Symmetric Triangle Breakout
EOS/USDT currently trading at $3.54
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $3.95
Resistance level 2 (Targe ): $5.50
Resistance level 3 (Target ): $8.65
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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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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- Mudrex