Eosusdanalysis
EOS - Not so fast with that breakout! EOS looked to be in the clear after breaking above the EMAs and triangle pattern but was punched in the face yesterday night. EOS not only returned into the triangle but also returned all the way down to the support trendline before bouncing on a strong support zone . We must maintain price above this level as a close below will turn this into resistance and we might struggle to get back above, which could mean new lows.
Keep an eye on Bitcoin -4.80% here is crucial as well as the stock market as both seem to be very correlated at the moment.
Thanks guys!
EOSUSD - Buy Opportunity Before Big BreakoutMomentum is building for the EOS/USD pair before a big breakout to the upside. This forecast suggests a trade idea that offers a potential profit of 45% in just a few weeks. Please do your own due diligence and consult with your financial advisor before investing.
Buy : $5.50 or any price below
Sell : $8.00 or any price above
Buy me a drink or steak dinner if you make money on this trade :)
BTC: 1GG7CwY3zqdCYqQz1ZG9PHyoxCGGrQu5pb
BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
Note: This is only a partial forecast. Our PRO members receive private complete forecasts and actionable trade ideas with specific buy/sell/stop loss levels to maximize trade profits and minimize risks. Interested traders may send me a direct message for admission details.
Have a great day!
EOSUSD to touch the trend-line then shoot >250pipsEOSUSD is closing a deciding are where it will either continue the down trend or bounce back up. The ket support and resistance are in line for the moment, however the yellow trend can be broken at the 4th attempt just like the previous uptrend. It will be interesting to see EOS shoot up for a few hundreds of pips then it probably reverse back and head down the same way other Altcoins are doing now.
I am looking forward to hear your opinions about this idea!
Very interesting point for buying EOSUSDHello guys,
I think it could be very interesting buying EOSUSD because it's breaking a descendent trend line, starting from hystorical highs, and the 200 2h MA.
Volume is rising.
If EOS is able to remain around 8 USD (R1), better above, at the end of this 2h candle we can buy it putting the first target to 8.30 USD (where we find a first weak resistance), even if the real target is around 9 USD (R3), near the next important resistance. Stop loss must be set at 7.68 USD, representing a good risk/reward factor.
Indicators support a possible bullish trend.
To sum up:
Buy EOSUSD if closes above 8 USD at the end of this 2h candle R1----> R2 8.30 USD----> R3 9 USD Stop loss 7.70 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
EOSUSD at a critical pointHello guys,
EOSUSD seems to be at a critical point: in fact this level, about $9.70, could be a good point to enter or a level for a new negative impulse.
If we think could start a rebound, even if in my opinion this scenario has a little chance, this point could be a very good entry point, considering at this level passes the 200 daily MA and a statical support. The stop loss could be set at 30/40 cent from this level and the first profit level could be set at $10.50 and then $11.40
On the other side, if prices would be so weak to leave this area it could fall to $8.
All indicators shows weakness and are not set to a durable climb even if a little recovery can't be excluded.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Entering Channel DownWe have had to hold the shorts a little longer as the break out was posteponed until yesterday. EOS will now be entering the expected "harmonizing" Channel Down on 4H (ADX = 30.917, RSI = 53.158) as the rejection off the Lower High (as seen on the chart) is similar to the break-down of last February. 1D MACD = -0.061 still points lower and 1H has alread yentered a controlled decline (B/BP = -0.0280). We have to update the TP set: 8.8641 and 7.4356 (the extension TP will be with the SL on profit margin).