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Eosusdtechnicalanalysis

EOSUSD a long term bullish rally is expected very soonHi, friends hope you are doing good and welcome to the new update on EOS coin. After the drastic crash of March 2020 the price action of EOS coin has recovered more than 178% so far. Now on the daily chart the priceline is moving in a rising wedge pattern since after the mid Mar 2020. In the mid of August 2020 the price action for some time broke out the resistance of wedge but while re-testing the previous resistance of the wedge as support it re-entered in the wedge. At the moment the priceline is getting bounced from the support of this wedge pattern. The EOS coin also has strong supports of 100 and 200 simple moving averages at the support of this wedge pattern. At the moment both moving averages are forming a bull cross with each other just below the support of wedge. After this cross we can expect the price action may start very strong powerful rally to the upside and even it can breakout the resistance of this pattern on as well. A bullish Cypher move at the support of Wedg: Now if we take more closer look at the daily chart it can be easily observed that price action has just completed a bullish Cypher move at the support of Wedge pattern. After initial X to A leg the price action of EOS has retraced between to 0.382 to 0.618 Fibonacci retracement level. Then it is projected between 1.272 to 1.414 Fibonacci projection of X to A leg. Finally priceline has retraced between 0.618 to 0.786 Fibonacci level and this is the place from where the potential reversal zone starts. The price action of EOS coin has moved up from the PRZ level of this pattern. The formation of the bullish Cypher pattern and the potential reversal zone of this pattern at the same level where the EOS has the support of the wedge can be extremely bullish signs that the price action may breakout resistance of this time. The priceline has been rejected by the resistance of Wedge: Now if we switch to the long term weekly chart. Then it can be seen that the price action is moving in a falling wedge pattern. After hitting the resistance of the pattern the priceline of EOS is rejected. We also have 100 simple moving average resistance at the same level where we have the resistance of this Wedge. This time the pirce action has the 50 and the 25 simple moving averages supports just below the candlesticks. The price action has the strong support of rising wedge pattern on the daily chart that we have discussed earlier. Therefore there are less chances that the price action will move up to the support of the falling Wedge pattern that has been formed on the weekly chart after rejection from the resistance. A very big bullish Gartley pattern: Now I would like to recall my previous ideas where I told you that on the monthly chart the price action of EOS coin has completed the formation of a very big bullish Gartley pattern after the successful formation of a bullish Shark. In my recent article I posted the same Idea on the two months time period chart. Where we can see that the price action is still moving at the support of this Gartley pattern and at any time it can start a powerful bullish rally from this potential reversal zone of Gartley. As per Fibonacci sequence of Gartley the buying and sell targets are as below: Buy between: $4.26 to $3.06 Sell between: $5.20 to $7.45 Conclusion: Even though the price action of EOS coin is moving in a potential reversal zone of every big bullish Gartley pattern. Therefore a long term bullish rally is confirmed very soon. However the support of this potential reversal Zone is very critical. Therefore we should use the support of this Gartley pattern as stop loss. Because if this PRZ level will be broken down then a powerful bearish rally can be started to the downside.
BITFINEX:EOSUSDLong
by moon333
6
EOS USDT BUYHorizontal line at 3.2623 is my area of value which is also acting as my SR line. Price was tested the support line and is now bullish. The red and green candle that tested my support line formed a morning star on the 30 Minutes time frame indicating that there will be a bullish movement. There were series of lower highs on my RSI (14) until the market was oversold (below 30 level). It has broken the resistance of the trend line drawn on the RSI and also broke pass the oversold level. I choose to go long taking my profit at horizontal line 3.5577. If price comes back to hit horizontal line 3.1669, the trade will be invalid (Stop Loss).
Long
by Cavicon
EOSUSDT Double Bottom Pattern hi to all traders according to the double bottom pattern and the symmetric growth parameter. i expect the pattern to be complete... and I expect the price to touch newer than before and continue to grow at the rate of the second triangle and then correct the price if you're agree hit the like bottom and follow my account. the information provided is not trading advice but an informative analysis of the price movement continue to grow at the rate of the second triangle and then correct the price
HITBTC:EOSUSDLong
by aminnima_908
8
EOS Wants to Repeat history. Could it go bullish beyond 80% ?BINANCE:EOSUSDT wants to make move we are expecting a cross over of EMA21 and EMA 89 which happened last time In January which pushed prices upto 80 % within a month. The trend got broken pushing BINANCE:EOSUSDT into bearish territory, further pushed head and shoulders pattern. At the moment EOS wants to test Ema crossover. Currently we are testing EMA55 and the trend is bullish as long as we are above EMA-21 . Wait for EMA21, 89 crossover with increased volume and for potential entry. Use tight stop loss for this trade and use support zones mentioned in the chart. Happy trading
Long
by CognitoBTC
EOS/USDT catches up to the majorsWhile Cardano and ETH have been very bullish in their USDT pairs, EOS has lagged behind, making this long falling wedge. Inside the wedge, we've had a 1-5 correction. Now price is knocking at the upper line. Classically, you'd wait for a breakout and a higher High for confirmation. Since this is a daily pattern, maybe a higher high on the 4H chart. Or a retest and bounce from the upper trendline. Since This Is Crypto, we don't always get retests, and the market can run away from us in the middle of the night. If you weren't awake enough to buy at E (and I wasn't), a reasonable, if riskier, strategy would be an entry nowish with a stop below the local low. As this would complete legs 1 and 2, a likely continuation would be to the 1-1.272 Fib extension. Not financial advice. Drink responsibly.
Long
by SimpleCryptoLife
1
EOS: Head and Shoulders Continuation Pattern 1D (Jun. 1)X Force Global Analysis: Unlike other altcoins that have shown strong momentum during their bullish rally, EOS has been rather quiet, showing only steady growth. In this analysis, we explore EOS' bearish probabilities, mainly based on its head and shoulders continuation pattern. Analysis - The first thing we note in this chart is the head and shoulders pattern - While many traders recognize this pattern (and the reverse head and shoulders pattern) to be a reversal pattern, it can also function as a continuation pattern - In this chart, we have seen strong bearish pressure, and a downtrend before bouncing off support to form a head and shoulders pattern - The neckline is at around 2.4 USDT, and the ascending trend line support is still intact - The two shoulders have formed as a rejection from the 0.236 Fibonacci retracement resistance - A break down from the neckline support and ascending trend line support would provide confirmation for a move down to the 0.786 Fib support. What We Believe Given that the bitcoin dominance chart looks bullish, it's reasonable to assume that probabilities for a bearish case remain high. Trade Safe.
Short
by XForceGlobal
5
EOSUSD formed bullish Gartley | Upto 143% move expectedHi my friends hope you are good, This time I have brought another beneficial trading idea for you with complete stop loss strategy. Very big bullish Gartley pattern: This time on 2 month chart EOS has formed a very big harmonic Gartley pattern and entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern and its Fibonacci sequence should be: Buy between: $4.26 to $3.06 Sell between: $5.20 to $7.45 Stop Loss: The potential reversal zone area that is up to $3.06 can be used as stop loss in case of complete candle stick opens and closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 143% and as per above mentioned stop loss, the loss possibility is 28% Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:EOSUSDLong
by moon333
EOS/USD - You can take the 1% risk.The day looks bearish. Because the price is under the EMA. Jammed in a triangle. Of course it's better to buy after leaving the triangle. Let's go down to 4H and get a closer look at the situation. You can take the 1% risk. In order to earn 5%. You can tie up a stop loss. In terms of Fibonnacci, we're down to the purchasing level. Now the market is jerky. And getting ready to dive down. It's summer over. It's the rotten 3 months for financial markets. Lots of traders on vacation.
Long
by Valeriia_Top
7
EOSusd(t) AnalysisPlease support my work by clicking the LIKE button and following the Trading View profile.Thank you! Everything on the chart. We are moving in the upward channel. We observe lateral accumulation, If you are not in a position, you can make purchases, when price make breaking through one of the sides. I tend more to a long position. 2 targets zone above: 2.95-3$ and ~3.15$, after reaching the first target, move the stop-loss to breakeven. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
by trytofeelpositive
EOS: Higher Low Analysis 1H (Apr. 24)X FORCE GLOBAL ANALYSIS: Eos has been in an uptrend for the past few days. In this analysis, we explore the bullish and bearish evidence for the case of EOS based on its technicals Technical Analysis - Eos has been trading in an uptrend, above an ascending trend line support - It has gone through multiple consolidation phases, with bullish patterns such as: the bullish ascending triangle, the bull flag, and currently the bullish pennant - The Relative Strength Index (RSI) has also been trading in an uptrend, creating higher lows - The Moving Average Convergence Divergence (MACD) shows an uptrend with its moving averages, and though it demonstrates bearish histograms, we see potentiality for a further move up with a golden cross - We have broken through, and closed above the 0.236 Fibonacci resistance. What We Believe We believe that EOS' bullish trend will remain given that the bullish pennant pattern plays out, and that the ascending trend line support remains intact. Trade Safe.
by XForceGlobal