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Eosusdtechnicalanalysis

EOS Technical Analysis: Daily Timeframe Chart PatternConclusion for today’s EOS technical analysis: Price closing above ~9.38 implies more bullish upside in EOSIO. The Daily timeframe candlestick chart of EOSIO is examined in today’s analysis on a logarithmic scale. The bullish price swing from December 08, 2018 till current date is the main focus of study using chart pattern(s) and moving averages. A bullish price channel helps to provide context for price action since December 08, 2018 with ellipses used to indicate pivots used to draw the channel. It is crucial to pay attention to the bullish chart pattern for reference and/or projection of price for profit taking. The 200 Day and 50 day moving average is shown on the chart with the latter indicating bullish strength. Slope of the 200 day also turning positive will further bolster a bullish bias in EOSIO. Resistance as marked on the chart is present between ~9.38 (upper boundary) and 6.6.3 (lower boundary). Price currently trading at the lower boundary presents a challenge to the current uptrend on the Daily timeframe. Another price level or pivot for resistance in the uptrend that can be anticipated is the upper boundary of the channel (~8.20) that is the target for price action. This intersects the resistance region and should give way prior to price testing resistance at 9.38. The least conservative form of entry into a long (bullish) position is to initiate orders in anticipation of a breakout above the upper boundary of the channel, while the most conservative entry into a bullish position is to buy on a breakout above 9.38.
BITFINEX:EOSUSD
by Coin_Analyst
1
EOS Buy zoneObservation: OES chart shows all elements within acceptable Fib. metrics. 200 Daily MA also approaching 'buy zone' As you can see, its also withing the bounds of the wedge channel. Point 4 also in line with fib wave measurements Point 5 is the selling point\target based on previous support in September Please, take a second and support my idea by hitting the "LIKE". All the best with making your decision. Regards, SS. *This post is only to be used for discussion and educational purposes only.
Long
by ssari
EOS buy the rumourHello everybody, something came to my attention today, EOS is planning a big announcement. The 1st of June will be the day. First, read this article: www.investinblockchain.com Second, watch the video for more info: youtu.be When momentum stays high, i see EOS pushing to 13000 sat easely with maybe some little retraces on the way up. if the 13000 level gets broken with momentum, the path wil be free to 14700 and 17000 sat and even higher whem FOMO kicks in. ---------------------------------------------------------------------------------------------------------- Buy the rumour and probably hold for once! EOS is comming with more then great news but with a second step in their platform. This is not advice, just a reminder of things to come.
Long
by Dmoootje
EOSUSD - 1D Chart AnalysisEven if in the last 7 days the price lost almost 19% from it's value, February can be still considered a very good month for EOS, as the total growth is close to 56% today. The beginning was hard, with the price moving sideways in the first week, but once the trading volumes have gained consistency, the price has found the necessary strength to cross the 20 days Moving Average and the bullish trend has started on the 8th. This major change has been announced by the MACD, with it's Moving Average consolidating it's position at the top of the Signal, but also by the Stochastic with it's "fast" line crossing the "slow" one in the same day. Therefore, we can conclude that the general trend on a 1D chart has been indicated by the MACD, while the Stochastic and the trading volumes accurately showed us the changes of the price direction for smaller intervals. Today, if we want to follow the same pattern, we can see that these 3 parameters are slightly showing opposite directions as it follows : * So far, the trading volumes are smaller than yesterday but there is some consistency showed by the green candlestick. This means that the price has chances to continue today's increase. * The Stochastic is about to register another crossover and if it's "fast" line will go above the "slow" one, it will indicate the same direction like the trading volumes. * On the other hand, the MACD has crossed the Signal for the first time since the 8th of this month and if it's position will be consolidated at the bottom, it will indicate a price drop. Given these circumstances, the main scenario is the one where the increase will continue for a very short period of time but the price will eventually go below the 20 days MA and a Bearish trend will start from there. The ones with a higher risk appetite can consider the target of 2.73$.
BITFINEX:EOSUSD
by ReadBTC
EOSUSD - 1D Chart AnalysisLike with the rest of the coins, the increase of the total market capitalization and the higher trading volumes than usual, have brought the price of EOS above the 20 days Moving Average on the 8th of February and a bullish trend (on a 1D chart) has begun. This growth of 0.70$ (or 29%) was registered in only 5 days and it was announced on the 8th of February by the Stochastic's "fast" line which went above the "slow" one, showing a change in the price direction would appear, but also by the MACD which departed from the Signal line and stabilized at the top. At this stage, only the MACD seems to be constant in showing that the trend may continue while the rest are showing the opposite, as it follows : * The RSI is 62, closer than before to the "overbought" level of 70 and it's current position is suggesting that the chances to see another aggressive movement in the near future are quite low; * The Stochastic's Moving Averages are both above the level of 80, meaning that the price is considered "overbought" and on top on this, we also have a crossover which is indicating a possible change in the price direction; * The upper standard deviation of the Bollinger Bands has been reached and this is also considered as another "overbought" rating for the price; * On the other hand, the trading volumes are lower for now and we also have to consider the previous 5 failed attempts of the price of going above the level of 3.01$. Based on the actual circumstances, the price has more chances to reach the Pivot Level of 2.67$ in the upcoming days.
BITFINEX:EOSUSD
by ReadBTC
EOS. A possible test $ 1.48 then rebound to $ 3In the previous idea , I wrote that the critical point for this coin is 3.2-3.5 $, and if buyers do not keep this price zone then you need to wait 1.5-1.7 $. However, there was no rebound from this price zone. There was no stop and no more. The price has fallen almost vertically. This coin simply stopped holding. However, at an approach to the price range of 1.5-1.7 $ volumes began to increase significantly: On a big timeframe, the current growth resembles a rebound and a test trend line of the falling channel, and the price was traded since the fall of this coin. If you look at the 4h timeframe, it can be seen that a strong fall began after sellers could break $ 3 and easily withstand this price: This strong fall wave corrected at the level of 0.618 and now, if buyers do not update the local high, I expect a continuation of the fall to begin at 1.48 $ and will look further whether buyers will have the power to stop this fall. So far this is the main scenario. However, the alternative scenario is a continuation of the fall to 1.26 with a finite point of 1.05 $:
BITFINEX:EOSUSD
by P_S_trade
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!
BITFINEX:EOSUSD
by CM_Trades
EOS - 4th times a charm?EOS has bounced on the trendline and support zone multiple times already BUT hasn't been able to properly leave this supply zone in the rear-view mirror. Any breakout above would need Bitcoin cooperation but RSI is trying to retest resistance and breakout while the MACD is slowly down its descent and trying to head higher. Currently finding resistance at both EMAs and needs to close above here to have another go at the supply level around $6. Proceed with caution as BTC is starting to look weak. Thanks guys!
BITFINEX:EOSUSD
by CM_Trades
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!
BITFINEX:EOSUSDLong
by cryptoezvip
EOS - Bounced but still looking weak! EOS finally broke out of the long-term trendline and has retreated back down to the demand zone. We have bounced off of this area and are currently retesting the trendline with a close above being bullish for continuation. The Altcoin market cap chart looks like it has topped out for the moment so we could see EOS fall back under and possibly retest the lower bigger demand zone. EOS needs to hold this lower zone or else we could very well see new lows for the year. Bitcoin is holding up so far but any sign of weakness could cause all altcoins to spill over. We are currently in between support and resistance areas so this is a no-trade zone and awaiting a move towards one or the other will hopefully give more clarity on direction. RSI has returned near the mean and MACD has crossed over and is heading back down to the midpoint. Stay safe everyone! Thanks guys!
BITFINEX:EOSUSD
by CM_Trades
2