EOS my first big targetIf we look at weekly timeframe, EOS already broken falling wedge pattern
profit target from this pattern is very far at 1.925
but we also have fibonacci 50% at 1.222 as previous resistance
At daily timeframe, NYSE:EOS also perform a nice and strong channel up pattern
target from this pattern at channel up resistance, around 0.923
If we look at hourly timeframe, eos also perform a very trong bullish with curvey wave
nearest target for eos at previous high at 0.843
EOSUSDT trade ideas
EOS Road to impulseUsing line chart for clearence.
My macro outlook on EOS gives bottom signs. So current impulsive looking structure and the idea of buying a 3 wave pullback stands.
Even tho that generaly i am torn in crypto space between 50% -50% if we are actually bottomed.
Cant ignore the clear signs of market that alts are forming impulsive waves
As an Elliottitian, i have to take those.
Eos potential targets Quick eos update -
T1: $.610
T2: $.734
T3: $.819
T4: 1.066
T5: $1.256
T6: $1.54
These are my targets on eos
The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.
EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.
The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.
EOS On Fire: Don't Miss Out on This Buy Trade!"Eos is a blockchain platform that uses a delegated proof-of-stake (DPoS) consensus mechanism to achieve high transaction throughput and scalability. It was launched in June 2018 and is currently ranked as the 33rd largest cryptocurrency by market capitalization.
EOS has been in the news recently for a number of reasons. First, the platform has been experiencing significant growth in terms of both users and transactions. In the past year, the number of active EOS accounts has increased by over 500%, while the daily transaction volume has increased by over 1,000%.
Second, EOS has been working to improve its performance and scalability. In September 2022, the platform launched its EOSIO 3.0 software update, which included a number of performance improvements, as well as new features such as support for smart contracts and decentralized applications (dApps).
Third, EOS has been working to expand its ecosystem. In October 2022, the platform announced the launch of its EOSIO Smart Contract Development Fund, which is designed to support the development of smart contracts and dApps on the EOS platform.
Overall, EOS is a well-established and growing blockchain platform with a strong ecosystem. The platform is currently working to improve its performance and scalability, and to expand its ecosystem.
**Disclaimer:** This is not financial advice. Please do your own research before investing in any cryptocurrency.
EOS: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, above $0.60 resistance, could signal bullish trend reversal, with upside to $0.80 thereafter.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.60, which it broke, then $0.80, and $1.00.
📊#EOS bear defense has been breached ❌smiley face is invalid❌🧠It is a pity that the market did not develop in the expected direction, but chose to break the short defense point, which means that the short structure has been broken and will continue to be bullish in the later stage📈
Let's see where it goes👀
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📊#EOS has a potential smiley face structure, be careful do long🧠We found this smiley bear structure in the resistance zone, so we do not recommend that you continue to chase up, if the short defense point is broken, then it means that the short structure is destroyed, and the pullback is a buying opportunity.
➡️We now see a high probability of a correction.📉
Let's see👀
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EOS: Time For Another ABC Wave - LONGEOS: Time For Another ABC Wave - LONG
On the 4-hour chart, the price is moving within a large corrective pattern.
Price tested three times a major support area and has reacted very well so far.
This is increasing the chances that we will see EOS prices rise again.
You may watch the analysis for further details.
Thank you and Good Luck!