EOS: A bit of a long shotRight now i don’t like EOS price action in all honesty. However, i noticed that some kind of arc is forming.
I said “a bit of a long shot” in the title because this is the weekly chart and i don’t usually plan trades that are this long.
However, when playing with timeframes of multiple months, i like to take a look at the fundamentals of the project too.
Specifically, EOS plans to release their own exchange (“Bullish” is the name if i’m not mistaken) later this year/early 2022. This exchange will have a feature others don’t currently have: it will store every single transaction on the EOS blockchain itself. I can see the release of the exchange being a major catalyst for EOS’s price.
All in all, i like this trade and i took a position. My average is something around the $4.9 mark.
I strongly advice you to do your own research on this own because there are some kind of controversial topics regarding the project itself (specifically on the ICO).
Good luck!
Eosusdt
EOS EOSUSD - Rounding bottom + Next Target- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- So be careful and consider if the EOS is a good choice or not, maybe it is too risky.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target 1:1 / below all time high.
- RSI is ready and volume favors bulls.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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EOSUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 5.1 - 5.4 - 5.6
after first target reached move ur stop to breakeven
stop: ~4.3 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
Good luck everyone!
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EOSUSDT battling the 8W SMAEOS is awn Alt that I continue to HODL while questioning if I should give up on it on the next pump. It seems it is not getting any publicity and very much hated, due to fundamental shortcomings. However, from the technical perspective here is my impression.
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) EOS is below the Ichimmoku Cloud => no strength to the upside.
2) EOS Ichimmoku Conversion Line is above the Base Line => long signal
3) EOS is still battling the 8W SMA => no strength to the upside.
4) EOS RSI is still flat and below 60 despite breaking out of the resistance => no strength to the upside.
I remain bullish for the whole market, I remain bullish for EOS... but till the indicators above show some strength, EOS will continue to go sideways.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
EOSUSD end of year bullish breakif price can get above this yellow trend line of resistance i think we will see EOS capture previous highs of the year.
and depending on how mad the bull market gets, bitcoin can really pull a lot of the alts USD value.
buy the break and retest of this yellow trendline. was super bullish on EOS earlier this year but until it proves otherwise, not sold on new ATH this year
EOSUSDT - Take entry here is great!BYBIT:EOSUSDT
4H trend chart
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EOS just broke out the upper downtrend line in 4H chart
If price can keep breaking out this downtrend line without long upper shadow line in 4H chart
It's a nice timing for entry, and trading strategy as below
Here we can gain good R-R ration around 2
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Profit Targets:
a) 5.071---Fib(1)
b) 5.462~5.620----Fib(1.272~1.382)
c) 5.789----Fib(1.5)
Stop losses:
a) 4.386-----Red horizontal ray
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Have a nice trading!
EOSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price is fluctuating within an uptrend channel and currently, the price is fluctuating close to the bottom of the channel.
If the trend does not enter below our support line and can break the resistance line ahead and stabilize above it, we expect it to reach the ceiling of the channel.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
EOS broke our and ready to fly#EOSUSDT
$EOS broke out from long term resistance, that was upper line of falling wedge pattern too. price is above support zone, and it is possible to have more drop to lower line of this zone to confirm the resistance as support. then head up toward first resistance zone around $6
a break above this resistance can lead price to touch a zone between 0.5 and 0.618 fib of AB swing down, which is a golden zone resistance.