EOSUSDT trade ideas
EOS dead? What do you think about this?The daily chart shows that the price of EOS has made a strong comeback in recent months. It has now moved above the 38.2% Fibonacci Retracement level. It has also moved above the 50- and 100-day moving averages, which have formed a bullish crossover pattern.
The price of EOS also invalidates the double-top pattern at $0.8778. In most cases, the double-top pattern is one of the most bearish signals in the market. Therefore, my base case is where the coin rises and reaches the key resistance at $1.02, which is the 61.8% retracement point. This price is approximately 17.68% above current levels.
EOSUSDTA look at the EOS ecosystem shows that these assets are dominated by EOS REX, a lending protocol with $49 million in assets. PayCash, DefiBox and WhaleEx have TVLs of over $23 million, $22.2 million and $3.1 million.
The challenge for EOS is that competition in the industry has increased in recent months. Some of the top contenders to beat it are Base, Sui, and PulseChain
Eos/USDT Looks Promising for the Mid-TermI have a positive outlook on the price of Eos/USDT in the coming days. If you are someone who enjoys trading the spot market and possess the patience to hold onto positions, now would be a good time to consider holding
Eos/USDT.
Please note that this statement is not intended as financial advice. It is crucial to conduct your own research (DYOR) before making any investment decisions.
#EOSUSDT 6H Chart
Price had broken below the support/resistance flip around $0.74 and it is currently retesting it after it bounced off the daily demand around $0.7. MACD is showing bearish weakness, RSI is sold and EMAs are bearish. Price is expected to tap into the 6h supply around $0.76 before potentially moving down again. Waiting for lower timeframe confirmation once price taps into this area.
#EOSUSDT 6H Chart
Price had dropped after retesting the daily supply zone and left another 6h supply zone around $0.87 with a fair value gap around $0.8. MACD turned bearish, RSI is sold and EMAs are turning bearish. Price had bounced off the daily demand around $0.73 and i expect it to fill the FVG and tap into the supply before moving down again.
CRYPTO : EOSUSDTHM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement
- support at level @ 0.780 - 0.805
- Scenario 1 : time balance for previous up wave, it might move up from here before hit support zone
- Scenario 2 : it might push another down another level to support zone before turn up
It is good to consider buying some at current level, and add when the price turn up after hit the support zone.
EOS buy zone $0.52 and $0.60.EOS has had a good month, with clear signs of being oversold. There are also many signals indicating a potential reversal. However, the seller's index is still high, making it easier for the price to drop further.
On the weekly chart, there are signs of strong selling pressure but also signals pointing towards a possible turnaround. The 'money flow' indicator is in the red zone, indicating ongoing selling activity.
The three-day chart shows no manipulation and presence of sellers. Yet here we can see a promising buying zone emerging between $0.52 and $0.60.
As for the daily chart, it's neutral. As Bitcoin moves, so does this asset.)
Full-fledged uptrend begins: above 1.870Hello traders!
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(EOSUSDT chart)
The biggest drawback of EOS is that it failed to expand the coin ecosystem.
If the existing community is functioning properly, I think there is a possibility of maintaining the current coin ecosystem.
However, since it is unlikely that additional tokens will be issued to networks that fail to expand the coin ecosystem, it is expected that the coin ecosystem will gradually decrease.
It is necessary to confirm whether there are any moves by the foundation to expand the EOS coin ecosystem in the future.
(1M charts)
In order to see a full-fledged upward trend, I think the price must rise above the MS-Signal indicator and maintain the price.
However, since the currently formed box range is between 1.870 and 40169, the key is whether it can rise above 1.870 unless the box range is formed again.
(1W chart)
In order to rise from the bottom, the price needs to rise above at least 1.331 and hold there.
Accordingly, the key is whether it can receive support above 0.842 and rise above 1.003.
(1D chart)
From a short-term perspective (1D), a volume profile section is formed at point 1.1.
Accordingly, the key is whether the price can be maintained by rising above 1.003-1.1.
As explained in the 1M chart, it is expected that it will completely break out of the bottom zone only if it rises above the 1.870 point, and there is a possibility that a full-fledged upward trend will begin.
If it falls below 0.763, there is a high possibility of entering the bottom again, so caution is required when trading.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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EOS/USDT successful reclaim and breakout from a key resistance.💎 EOS has been a notable focus in the financial market, recently showcasing a successful reclaim and breakout from a key resistance area. Past instances saw EOS undergoing false breakouts, but the current situation appears to be a valid breakout. This development suggests a strong likelihood of significant upward movement, with the probability next target being the bearish OB area.
💎 However, should EOS retreat to the retesting phase and fail to sustain above the support level, which previously acted as resistance, it could indicate another false breakout. Such a scenario might result in EOS reverting back to the demand area.
💎 In the demand zone, a robust response is crucial for EOS. If it fails to demonstrate a significant bounce from this area, there's a risk of breaking down further. This could indicate a shift back to a bearish trend for EOS, potentially leading to a descent towards a stronger support area.
EOS/USD Anticipating a Bullish Turn from Key Support? 👀 🚀EOS💎 Paradisers, let’s zoom in on #EOSUSDT as it’s prepping for a potentially rewarding phase. Currently anchoring at a crucial support level, it is showing signs of a forthcoming bullish move.
💎 Observing #EOS recent performance, it’s maintaining strong momentum above the EMA. If this momentum persists and it continues to hold firm at the key support level of $.0730, we might be in for a bullish ride. A successful hold above this level could see #EOS making strides towards challenging a robust resistance. Overcoming this could further enhance the likelihood of countering the bearish Order Block (OB).
💎 However, in the fluid realm of crypto trading, #EOS traders need to be ready for different market scenarios. If it faces difficulties in maintaining its ground above the $.0730 support, a recalibration of strategy might be in order. This could mean gearing up for a bullish recovery from a lower support at $0.635.
💎 Should #EOS dip below this $0.635 support level, it might suggest a tilt towards bearish market sentiments, potentially leading to an extended downward movement.
EOSUSDT - BEARISHPsychology:
As You can see on a Chart there is a Bearish Flag, this Show that price will go Down, But the Main thing is what is your entry because it is very important.
Your Entry price must be last Lower Low, In EOSUSDT is 0.732 and Stop Loss Must be 0.771, Take Profit is 0.662.
Order Type: Stop Limit.
Position: Open Short
Short USDT: 0.725
Limit: 0.732
RISK: 1:1