EOSUSD.P trade ideas
EOS/USD Main trend. ChannelMain trend. logarithmic graph. Time frame 1 month. Channel. Secondary trends in market cycles.
Mirror zone of resistance. Future fractal.
Coinmarketcap : EOS
This time frame is for understanding the direction of the trend and where the area for trading is now. Such a time frame gives an understanding of where the zones are expensive/cheap (accumulation/distribution).
Chart of the Bitfinex exchange (closely related to the coin) with the longest history of trading, it began the first trading of EOS after the ICO in 2017.
The same parameters, but on a line chart.
EOS/USD Secondary trend.Secondary trend. Logarithmic graph. Time frame 3 days. Reversal zone.
Mirror resistance zone (former long-term support). There may be a significant rollback from it, or at least a stop and consolidation in this zone, provided that the secondary downtrend (price movement direction) is broken (purple line).
From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. An interesting coincidence, isn't it?
Coinmarketcap : EOS
The same parameters, but on a line chart.
EOS/USD Main trend
EOS/USD Main trend. Channel
EOS/USD Local work. Reversal zone. %Local trend. Logarithmic graph. Time frame 1 day. Reversal zone. Percentage of key zones.
Mirrored resistance zones are shown in grey. There may be a significant rollback from them, or at least a stop and consolidation in these zones. Trend lines (price movement directions) are shown on the chart, their importance and strength (long-term in time) are highlighted in the appropriate color.
From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. At the moment, the price is entering the first resistance zone, which, in case of fixing in it, can become a "launching pad for a strong impulse (mirror structure).
Coinmarketcap: EOS
The same parameters, but on a line chart.
Next ideas for zooming in to understand what zone the price is in.
Secondary trend
EOS/USD Secondary trend.
Main trend
Main trend. Channel
EOSUSD : Bearish At Age Of 5 YOAlthough EOS completed 5 yr today, but its trending bearish.
let's profit it.
Series of LHs (Lower highs) and LLs (Lower lows) confirms its Bearish.
Following Sell Stop positions can be taken.
Entry ( Sell Stop) : 0.69513005
Stop Loss : 0.73864485
Take Profit 1 : 0.65161525
Take Profit 2 : 0.63161525
✴️ EOS Hits Lowest Price In 6 Years (Since 2017)EOS Peaked April 2018, hitting an All-Time High of $28. Ever since this date this pair has been dropping and recently a new All-Time Low has been hit.
After EOS was mentioned in the SECs lawsuit, its price crashed hard to hits lowest price since October 2017. The lowest price ever to the downside.
While new lows are being hit, the RSI has been printing higher lows for an entire year, a very strong bullish divergence.
This type of signal only shows up preceding a reversal, a change of trend.
It is very likely that EOS already hit bottom and is getting ready to move up, to change.
We have this bullish divergence signal and short-term other signals support this statement.
For a trader or new buyer this is a great setup, one can buy and hold long-term or buy with a tight stop-loss.
If prices drop some more, a long-term buyer/trader can accumulate on each drop. A short-term trader on the other hand, can quit the position until there is a confirmation of the change of trend.
The rest is just to wait and let the market take care of the rest.
This is not financial advice.
Remember to do your own research and plan before you trade.
Namaste.
✴️ EOS Update [CLOSE] + ADA, SOL, LINK, Cryptocurrency & The SECWe are closing EOSUSD forever... Let me explain.
Here we can see that EOSUSD broke below its Jan. 2023 low, its Nov. 2022 low and even its June 2022 low.
This is all thanks to the SEC of course but this doesn't change the fact that support is weak on this Altcoin.
We use the bigger Altcoins to trade with leverage because they have less dramatic swings compared to the smaller Altcoins.
If you look at Cardano (ADA) and Solana (SOL) for example, even though they went through the same attack they are still trading within their Jan. 2023 low.
For these two, the Nov. and June 2022 low/support remain intact, which is a strong bullish signal.
We will continue with those but will stop tracking/trading EOS.
Chainlink (LINK) is another one we trade/track publicly and also interesting.
The chart moved below its June 2022 low but only barely and we know this project to recover strong and thus this turns into an opportunity.
We love Cryptocurrency.
Cryptocurrency is here to stay.
We love and support the Altcoins but we won't know how EOS will react while we know the others are ready to recovery, fight and grow.
The younger generations are the future.
Everybody who is younger than 50/60 years is rooting for Crypto and love their smart phones, computers, social media, memes, technology and all that nonsense, while only the old and outdated people want to stop evolution, growth and innovation.
Life is about growth, adaptation and change.
This is true for the political landscape, the financial landscape and everything you can think of.
In the past we used to write letters, in the present we use videophones.
It might be hard to accept but the only constant in this life is change.
Look at your body... It has been changing and it will continue to change.
Now look at your money... It is the same.
In the past we used to use salt, then rocks and Gold.
Then we went to paper and digits...
In the present we use code.
Crypto is code.
Cryptocurrencies are a hybrid.
Not securities...
Cryptocurrencies behave like securities and stocks.
Cryptocurrencies are apps, technology, software.
Cryptocurrencies are intellectual property.
Cryptocurrencies can also be art, just as it can be a game or simply a joke (meme)...
It is a hybrid.
It is a new system.
It is a new technology.
It is something new...
It is not the same old, same old.
Adapt and change!
There is no other choice.
Namaste.
EOSUSD FINEX Long Termtest'
EOS is a blockchain-based platform that enables the development of business applications, or DApps. EOS supports secure access and authentication, permissioning, data hosting, usage management, and communication between the DApps and the Internet.
✴️ EOS Bullish Zone ActiveEOS can be seen trading above its June 2022 low, which is a signal of strength. This level has been tested multiple times since May and continues to hold, this is the key.
As long as EOSUSD stays above this level, we are 300% bullish. We continue bullish even if a drop happens below this level since we have the Nov. 2022 low as support.
We should see a resumption of the bullish cycle that started in November soon.
This is another great setup.
Low risk with a very strong potential to the upside.
Check the 'Related Ideas' below for more.
Namaste.
Do we have a reversal pattern?-Graphically speaking, crypto is making a nice reversal pattern.
-However, will it succeed, since BTC is the thermometer for other cryptos.
-According to the monthly chart, prices are in a trap region, so it can go either way, depending on the strength of Bears and Bulls (pessimists/optimists). We have an LT (dashed green line) which if respected (do not lose the 0.8359 range) could be seen as a bottom.
-On the weekly chart we see prices wanting to leave a trail, the formation of a bullish pivot.
-From the daily chart, I can see that things can really improve: a reversal chart pattern, the H&S-I, and it seems to me that it can seek the long average. What a thing, no?
-H&S (Shoulder-Head-Shoulder) usually appear in trend reversals. In the reversal of a bullish to bearish trend, we call the pattern H&S. In bearish to bullish trend reversal, we call the pattern H&S-I.
-Will it live up to this standard? Everything will depend on the famous BTC.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other chart reviews.ngview.com/chart/SEQL3/lOeTmiGM/
EOS on 0.886 againEither it goes from here or its gonna go down hard. Invalidation 1.0 fib
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No financial advice, do your own research, don't be stupid
EOS Following ADA FractalThese two charts share a lot of similarities, I would be looking out for a potential pump on EOS soon.
-Hawk
EOS/USD 1W. Basic trend. Potentials and manipulations.Here's the EOS/USD 1W Chart on Bitfinex(long history).
Right now we can see the horizontal channel forming. In this channel harmonic pattern on daily TF formed and worked out the first target, which is the middle of this local horizontal accumulation channel, in terms of 1w TF.
Now we're near the support of this channel 0.86$. Recently the big amount of EOS were deposited on the exchanges.
Showed the classical potential manipulation - look.
On the bottom we have the support zone. Also it's 0/61(16)$ zone which often acts as bottom.
This 0.61$ zone is -25% from the current support which is basic percent for pulling out stop losses.
Though, if the market gives an "opportunity" it can dump further. The global support is 0.5$. This is also a possibility.
And if on the moment it's very scary - the price can drop up to 0.36, which is also -25% but from the main support 0.5$. It will be 0.36 $ zone.
Still, the potential is very good. Shown the potential distribution(local distribution) zone on chart.
Those are - 2.5$; 5$ and then maybe 15$ but probably not in this local cycle.
You can potentially work martingale in this type of situation, which means buy more if price drops.
EOS Dead Or Not?Was looking at this chart and it occurred to me it's potentially completed a huge ABC as there are no sellers left - If this can get some momentum behind it and turn things around it could surprise a lot of people - price should get above B in less time than B-C took if Bullish.
EOS ready to pump with XABCD parternAbove is the EOS pattern, the price and the wave have entered a nice buy point for the strong bull wave to the $1.77 mark. The market waves are beautiful, follow us for other tickers
EOS road mapEOS will create the right shoulder of a bigger inverse head & shoulder formation on higher timeframes and will reach 220-450$ before a prolonged correction will happen.
EOS is going to surge Hi dear traders, I want to introduce a brilliant token, as we see it has broken daily resistant trendline and is getting ready for a big flight
I can see high targets for this token
good luck
EOSUSD (4H) - Bearish reversalHi Traders
EOSUSD (4H Timeframe)
Waiting for the downward break of 1.068 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 1.200 would cancel the bearish scenario.
Trade details
Entry: 1.068
Stop loss: 1.200
Take profit 1: 0.987
Take profit 2: 0.854
Score: 7
Strategy: Bearish reversal
EOSUSD Head and Shoulder patternEOSUSD printed a head and shoulder followed by a rising wedge, bearish divergence also printed on RSI.
SHORT POSITION
ENTRY: 1.12007
STOP LOSS: 1.24311
TP 1: 0.99704
TP2: 0.87400
LOT SIZE: 715
TRADE 1: RR: 1:1
TRADE 2: RR: 1:2
One of the biggest accumulation phases in crypto historySecond test after the Spring phase done. This will get way higher than 50$. But yes, it will take time. Expect some violent moves. And I would not sell on the way up, this will go sideways at most during the re-accumulation ranges and people will FOMO hard after the 8$ resistance is broken.
EOSUSD is going to moveEOSUSD just broke out of a triangle and found support at the 0.382 Fib
Entry levels at $1.23 & $1.27
Price targets:
— $1.42
— $2.00
— $2.64
— $3.48
It's time to catch the next wave!
EOS ready to breakout in the coming monthsEOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry.
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching.
I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle).
1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar).
2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation).
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