EOS/USD ($3-$4 Long Term Support?)💎Technical Analysis Summary💎
EOS/USD
-EOS is back to the average price level after the breakout of the long term trendline
-It is currently retesting the $4 support area which is just above the key interest zone
-The recent low is at $3 so we can have a good buy interest down to the point
-Because this can be a good reference of middle support since 2018
-We just need to see if this green area holds its structure for the next 1-3 months
-And that will increase our bullish bias for long term price action analysis
-I will update this idea after a few weeks once new data is developed
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EOSUSD.P trade ideas
Eos (EOS) - June 30Hello?
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(EOSUSD 1W Chart)
We need to see if we can move above the 5.1 point to continue the uptrend.
If the 5.1-6.4053 section breaks upward as an important section, it is expected that there will be a movement to create a new wave.
(1D chart)
We will have to hold the price in the 4.0178-5.1376 zone to see if it can turn into an upward trend.
If it goes down, you should check to see if it finds support at the 3.4579-4.0178 level.
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(EOSBTC 1W chart)
In order to transition into an uptrend, it needs to find support above the 0.0001470 point at least.
To continue the uptrend, it needs to move above the 0.0003040 point to find support.
(1D chart)
We need to hold the price in the 0.0001113-0.0001343 range to see if we can turn into an uptrend.
An uptrend cannot be accelerated until it deviates from the downtrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
$EOS Crashing Fractals Sometimes things rhyme more than repeat. $EOS still has a long ways to go to be considered Bullish, but I find the crashing fractals to be eerily similar in structure. Time will tell what happens next. Ideally Bulls want to stay above the crash low today and the bold black line
Retail trader All time Go against the current trend target 100$ Retail trader All time Go against the current trend now if any trader have money 4 dollar 1rst buy Eos if it is go dollar 3 no matter then Buy 2nd Lot If it is go 2 dollar no matter then buy 3rd lot wow very interesting 100% only education
Play the Channel for nice Scalping! EOSUSD to RISE!Assuming this channel holds, there are some nice scalps to be had a long the way. As long as we don't break, I will play the incoming long and add to my position on retracements. I expect a fairly sleepy weekend until we break above the 312 hour EMA and then rebound off of it to exit the channel.
Bearish on EOS EOSUSDCan we remember the last time this one was properly bullish?
Fibonacci goals is in green, cancellation/setup rejection is in red. This is not some kind of financial advice for your portfolios, so do your own research and make your own decisions about your trading or investment related moves.
Updated EOS Daily - Revisit the 240 day EMA; then longI'm in a small short back down to the 240 day EMA, but will enter long there and add to the position on the trendline touch (both of them if it happens) and then a final entry at the 480 day EMA if we reach it. Stop loss below the 480 day EMA.
OBV gave a heads up on the price down, or supports the idea at least.
Crypto recovering well. EOS is about to pump hard as well.Broke out of the consolidating triangle with a target exactly up to a horizontal resistance. I think we bounce off of it and creating something that looks like an inverse head and shoulders. It looks a bit too wide with small shoulders so what it might do it retrace to the .5 or .6 levels and then keep moving upwards.