EOSUSDT trade ideas
EOS/USDT: Still looking for a larger adoption---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
EOS/USDT: Still looking for a larger adoption
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - EOS is still underperforming ETH & BTC looking for a larger adoption of its ecosystem
- We are watching at 1,85 as resistance to re-integrate to provide a clear recovery signal
- Watch 1,06 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 1,85 & 3,50
Graphical Support = 1,06
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 1,30 = Bullish
RSI indicator (below) is now above 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,82
Fibonacci resistance of the wave in progress = 1,85
Fibonacci support of the wave (2) = 1,06
Fibonacci Bullish Target = 3,50
Conclusion
Preferred case => As long as 1,06 remains support we are looking to buy the dip in the buying area (1,30) in order to test and then surpass 1,85, before opening a further rise towards the double bottom potential at 3,50
NOTE: We are not considering this coin to be part of our portfolio regarding the relative underperformance on going versus ETH & BTC
EOSUSDT ! False breakdown at 26%. Strong sales in 24 hours!🐻EOSUSDT forms quite an interesting set-up. On the chart we have a change of trend, from a global downtrend, to a local uptrend from the point 1.065, formed on July 26, 2022. We have within the uptrend a test of 1.455 resistance, which was in the distribution format.
A deep false breakout, which was 26% of the level to the high, from which the pullback began to form. We see a strong impulse till the level of 1.836, after which there is a strong sell-off, which brings the price back to the short zone against the level of 1.455.
I assume that the price has no potential to break the resistance on the retest. I think a false-break set-up is forming now and after the price fixes under 1.455 we will see a fall. The short-term target is the support at 1.267, the medium-term target is the liquidity zone at 1.154.
Regards R.Linda!
EOS - Potential SHORT -15MIN/1HR - Binance for BINANCE:EOSUSDTPETrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY above previous entry post)
Entry 1: 1.764
Entry 2: 2.055
Entry 3: 2.342
Entry 4: 2.637
Entry 5: 3.206
Entry 6: 3.624
Entry 7:
Stop Loss:
Entry 1: slightly above entry/key resistance
Entry 2: slightly above entry/key resistance
or 1:1 or to own personal risk factor.
Take Profit Targets:
-1.480
-1.363
-1.308
-1.217
-emas will rise with time so shift tp up accordingly. If we re-enter higher, our same emas become our take profits. Also a have put boxes around key supports which I may choose to take earlier or later profits at too.
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above if stop loss is hit. Message me for more entries if needed.
-level 2 and in turn 3 pumps/moves can go higher and create levels, hence the re-entries. It’s a shorter time frame scalping strategy.
EOS drops 17% in a Retest, Immediate Resistance at $1.43Past Performance of EOS
EOS contracted on August 4, mirroring the general performance of the crypto market. Currently, EOS is up three percent on the last trading day and firm as per arrangement in the daily chart. The immediate support level lies at $1, and EOS is within a bullish breakout formation.
#EOS Technical Analysis
EOS is down 17 percent from last week's highs, but, as aforementioned, buyers have the upper hand. Even though prices retraced in a retest on August 4, bulls can double down on any attempt lower above the $1 round number with targets at $1.43 in the short term. Still, there is a concern because of the three bar formation from July 30 to August 1, signaling weakness. Conservative traders can wait for a break above $1.43 to target $1.90 or losses below $1 and ride the downtrend to $0.87 in a bear continuation formation.
What to Expect from #EOS?
EOS is bearish from a top-down preview, but prices are solid in the short term and in a bullish breakout formation. A close above last week's highs could lift the coin towards Q1 2022 lows in a retest.
Resistance level to watch out for: $1.43
Support level to watch out for: $1
Disclaimer: Opinions expressed are not investment advice. Do your research.
EOS 1D Hidden Divergence!Hi guys! A hidden divergence i saw on the trend. At the break of the trend line, if it confirms with 4H candles , you can stop your position. Spot or Futures choice is yours. Please always try to buy lower tiers than i post!(I mean close to trend line) Good luck!
Don't forget to like the graphic!
EOS/USDT 04/08/2022While I may have gone I a little early, I think entry around 1.19 (ignoring the round number at our risk) there is a strong potential for a 10% return in a few sessions.
Short term MA's are all looking good as is the Fib position
Yes we have broken below what would have been the channel, i do not see anything thing negative as we are now sitting comfortably on support
💡Don't miss the great buy opportunity in EOSUSD @EosNFoundation
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.102).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.207
TP2= @ 1.248
TP3= @ 1.323
TP4= @ 1.393
TP5= @ 1.443
SL= Break below S2
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💡Don't miss the great buy opportunity in EOSUSD @EosNFoundation
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.102).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.207
TP2= @ 1.248
TP3= @ 1.323
TP4= @ 1.393
TP5= @ 1.443
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EOSUSDT 3D The beginning of the revival of "old man" Eos ?Today we will look at a global chart of the EOSUSDT trading pair on 3 days time frame.
In front of you is the entire trading history of EOSUSDT, which is 5 years from mid-2017 to the present.
At different stages of EOS life, it was called know-how a breakthrough in the crypto industry and announced to create a bank and crypto-exchanges on its basis and many other things. But such news background and marketing didn’t help. In fact, the price was in a clear downtrend for more than a year.
However, in general, the first signals for a possible trend of changes upward are appearing in the cryptocurrency market.
And although the rebound in the EOSUSDT price was very late compared to most cryptocurrencies, but in recent days the growth has started to catch up according to %% indicators.
Our expectations for the EOSUSDT trading pair in the coming weeks:
1. A modest correction of the EOS price to the $1.20 area will by no means prevent the continuation of growth.
2. Continuation of growth with the first target to the $1.60 area or +32.50%
3. And if lucky, the continuation of strong growth to the $2.05 area or +70%
In general, if you look at the history of EOSUSD trades, then 5 years ago, in the summer of 2017, the first trade consolidation took place precisely in the range of $1.50-2.10. Therefore, it is time to return to it)
P.S:
Before the weekend, we made an idea for BTCUSDT, and it clearly worked: after $24700, the market went into correction
And what will happen next - in the idea below
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