EOS 100% growth.Growth is expected.
A very good asset with an ideal combination of necessary trading properties: liquidity, volatility, technicality. The coin has liquidity - the asset can be guaranteed to be sold at any time.
The coin has drawn a falling wedge. Perhaps this time she will show herself, and we will see at least 100% growth.
EOSUSD trade ideas
EOS 2022 and beyondEOS seems to be putting finishing touches at the bottoming wedge/triangles.
The uptrend channel held. I expect a break-out any day now.
EOS will most likely hit $12 (top of the downtrend channel) later this year.
Good time to sell and take a break till 2025/27..
The bigger picture toward the end of 2022:
- deescalation of current conflict
- introduction of digital currencies
- possible whole sale ban on cryptos
The bigger picture into 2025/27:
- re-escalation of conflicts in the world, culminating in 2025/27?
- end of the USD (2024/25)
- crash/bottoming of stick markets into 2025/27
- topping of gold/silver into 2025/27
Chances of cryptos (EOS in particular) breaking out in that climate are very slim.
Exact path EOS will take is hard to know:
- maybe uptrend channel will hold at $3.5?
- maybe the symmetric triangle will hold at $2.5?
- maybe we go all the way down to $0.6?
As we get more points with time, things will become more clear.
Alternative analysis for EOS - Cup and Handle FormationPlease see my alternative analysis for EOS which is a potential Cup and Handle Formation. It gives very similar targets to my previous analysis using the Holochain fractal overlay which can be viewed on my other posts. Both of my analysis result in EOS between $150-$200 during this year. It could be a very good time to buy to EOS now. I truly believe EOS will do similar thing to what Ethereum did in 2016-2017
EOSUSD SETUP BIG POTENTIALEOSUSD just completed fifth wave of Elliot wave pattern, hit a strong support, and Bollinger bottom band, now we are looking for it to break downtrend channel, rise up to 3.66 zone bounce back, retrace to 2.921 where fib 50% zone would be if it bounces at the 3.6 res, and it should go upwards to Targe 1 4.4 it it has a strong res in that zone also as 50% fib zone, our target 2 will be top resistance which is at around 6.3 zone.
EOSUSD is on bearish momentum! | 2nd March 2022Prices are on bearish momentum and abiding by an descending trendline resistance. We see the potential for a short entry at 2.3 in line with 50% Fibonacci retracement towards our Take Profit at 2.02 in line with 61.8% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EOSUSD is on bearish momentum! | 10th Feb 2022Prices are on bearish momentum and abiding to our descending trendline support. We see the potential for a dip from our sell entry at 2.71 which is a graphical overlap and in line with 38.2% Fibonacci retracement towards our Take Profit at 2.42 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci retracement. RSI are close to levels where dips previously occurred, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EOS Getting Close to Bottoming... But Black Hole Lurks Below!EOS (EOSUSD) has now pulled back below its 2.33-support invalidating the GREEN pattern. Our now-primary RED pattern sees EOS going a bit lower before potentially seeing a violent reversal upwards!
PRIMARY RED Pattern:
This sees the correction that started in September of 2021 as a large ending diagonal C-wave completing the larger-degree 2nd wave pullback that started after our May 2021 peak. Due to the depth of the correction, I see EOS has being in a 2nd wave instead a more shallow 4th wave.
I expect EOS to bottom around 1.71-2.14 as depicted by the purple target box in my chart. However, we really should NOT see anything much lower than 1.71 as a key support resides below at 1.28. This 1.28-low was the March 2020 low that started the entire rally from March 2020 to May 2021. If that breaks, this puts any bullish upward action in EOS in jeopardy!!
While other altcoins are also getting dangerously close to this point, Bitcoin and Ethereum are not. However, BTC and ETH also have a lot more downside potential as their pullback structures don't look as complete. The danger comes from sentiment continuing to pull down EOS as BTC and ETH complete their pullbacks. Keep on your toes!
BUY Opportunity:
Once EOS enters the purple box, I would like to see a clear 5-wave impulse rally upwards. If I see anything like that, I am a buyer! Because we are completing a larger-degree Wave 2 in EOS, I expect insane returns as we enter Wave 3 for EOS! In addition, ending diagonals are often followed by SHARP REVERSALS!
Check out my video explainer on YouTube!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#eosio #eos #blockchain #venezuelablockchain #eosvenezuela
EOS goes UP before CRASH - RISKY PLAYHello Traders,
I see BTC is headed for the bottom, but there may be one big play left before another Bullrun. I'm looking for a selloff in the $3 to then buy back at the $1.5 area to double my amount of EOS. I expect EOS to rise up to the $3 area before dumping to an absolute bottom.
This Idea would no longer be valid if the price of EOS continues to drop lower than $1.55 from now (~$2.2)
Dont follow this as any kind of advice, I just see big triangle and buy.
-KAL
Buy the box and holdKeeping this one very simple. This has always been a decent buy area. Just entered a very small spot. Snagging 15k more EOS if all are hit through the box.
Ultimately I'm extremely worried about buying today on anything, which I've learned is a good time to start buying. "I'll wait for at least one more dip" is usually when I miss the train. lol.
I'm a random person on the internet. Taking my advice or copying me is ludicrous. I post these strictly for historical referencing and to laugh at just how badly I did. Just look at my past charts. SMH