EOS in bull flag - new rallyVolume has increased substantially since my last analysis and clear that enthusiasm has shifted. EOS met the last target and surpassed it. Currently in a bull flag formation and has also cooled off โback within the bollanger bands.
New major resistance is at around $5.00 and will be the new target.
Must stay above trendline otherwise eos will fall to the moving averages which are catching up. Bitcoin too will be heading towards $55,000 so there is plenty of time to rally.
EOSUSD trade ideas
EOS is above $4!EOS surpassed a very key level which is the $4 price point. It's the first time it trades above $4 since almost a year! It has been hovering around $2 to $4 for that time period until today where it went as high $4.30. It could mean that it created a support and would be heading towards new highs such as the 0.236 FIB level (around $6.50) relative to the 2018 all time high of $23.
This does go well with the current market sentiment of near euphoria so this could see a good pump as well as a good pullback in the near term. But it remains quite good news for EOS. It is still quite far of it's all time high and cheap compared to other coins which represents a good opportunity.
What do you think?
Could EOS go to $8.99? This is not an analysis. Banking on this garbage to go up for no reason. Click like if you think it will moon or leave a comment with a reason why no moon in sight :) no fundamental or technical analysis works on any of these coins. Just don't YOLO your kidneys or sell your kids for this casino. Marty Byrde should have just played in crypto market instead of wasting time in that restaurant.
$EOS 2021-FEB-10๐๐๐ ๐ฅ๐จ๐จ๐ค๐ฌ ๐ฌ๐ญ๐ซ๐จ๐ง๐ , ๐๐ฎ๐ญ ๐ก๐๐ฌ ๐จ๐ง๐ ๐ฆ๐จ๐ซ๐ ๐ก๐ฎ๐ซ๐๐ฅ๐ ๐ญ๐จ ๐จ๐ฏ๐๐ซ๐๐จ๐ฆ๐.
EOS has been in a decline for almost 2 years, however today's candle has broken through the falling channel. That is great news, however it's not the whole story. If we look to capture the 2019 peak and the 2020 low into the channel; we can extend out the channel bounds to +/- 3 deviations. Probability says that ~99% of all candles should be within this range. That means it's more likely than not that we see a rejection at the +3 here.
But volume is creeping up - and the market sentiment is definitely turning. So a break of the +3 should definitely be considered for a buy.
#crypto
OMG!!! Rectangle Tops with Double BottomOk people. this one seems to mean business. 3 reasons why.
- First of all we are looking at the "Rectangle Tops" formation. Very exciting news, since these patterns perform very good.
- And within the "Rectangle Tops" we've got a "Double Bottom" formation that is about to break out and thus break out of the "Rectangle Tops" formation.
- Those 2 heavy patterns now in the alt coin season? If break out confirms, thats gonna be a good party.
EOS weekly chart ripe for move over 4.00all coins that have been left near a bottom are starting to get picked up.
There are a handful that have big bases that are not extended.
FIL which is starting to go now.
IOTA which is day 1 of the move
EOS which will start its move over 4.00 alerts set when it breaks could see 5-7 quickly