🔥 EOS Entering All-Time Low Area: Reversal PotentialEOS has been a very weak token this current bull-cycle. Where other tokens see returns well above >50x, EOS struggled to make a 10x in the same time period. Furthermore, EOS has been in a huge down trend since topping in early May last year.
However, we might see some kind of relief bounce occurring in the near future. EOS is currently trading near the all-time lows, which should classically offer quite some support.
My ideal buy-in area would be between $1.6 and $1.3. In case we get more downside in the coming weeks, keep an eye out for EOS for a decent 2x-3x.
Happy trading!
EOSUST trade ideas
#EOSUSDT 4H Chart
Price got rejected heavily from the resistance area at $2.27 and it is currently moving down. MACD is preparing to turn bearish, RSI is bought and EMAs are bullish. I am expecting price to reach the 4h demand zone at $2.08 before continuing with the bullish movements. We would be looking to long from that area depending on overall market conditions.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
BABYDOGE is making this falling wedge pattern.
Entry- $2.1 - $2.03
TARGET- 70%
SL- Break and close below $1.9
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
EOSUSDT Technical AnalysisHIGHER TIMEFRAME
-Major Support/Demand Area
-I agree with looking for buys when the price
is down inside the yellow box.
-Use a smaller timeframe for confirmation.
LOWER TIMEFRAME (4hr)
-Use the 4hr timeframe
for confirmation/entry timeframe.
-Waiting for downward trend lines to break
and opposing zones to be removed.
-If you go down to the 4hr, you will see
previous zones work.
EOS/USDT Secondary trend. Triangle. Pivot area. Price 5.19A triangle has formed in the secondary trend. Volatility decreases, the price is clamped. Potential reversal zone. At the moment now the price is $ 5.19
Coin at Coenmarket: EOS
Past trading idea (this is a continuation of the trend).
EOS/USDT Secondary trend.Wedge
🔥 EOS Long-Term Analysis: Extreme WeaknessEOS has been one of the weakest cryptos of the current cycle. Where many tokens from the previous generation saw some decent gains, EOS saw "just" +700% gains and is currently giving everything back to the market. For instance, we're trading close to the lows of the corona capitulation event.
Recent price action has been overly bearish, where the general market has been trading either neutral or slightly bearish. Investors are simply dumping their EOS and exchanging it for other (better) coins.
The only area I'd be interested again in EOS would be in the bottom support area, ideally below $1,50. Chances are that we could see a decent bounce from there.
Happy trading!
Update For EOS/USDT Analysis 📈📉As I expected in the first analysis for EOS ,it was be able to exactly hit the TPs according to my prediction 🎯 more than 500 % profit💰
But in the second one it couldn't grow up as I expected and after reaching the first resistance according to market situation, bears pulled it back to lower support area (100 % profit💰 )
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📊Technical
And as you can see on WEEKLY timeframe it wasn't be able to record a now ATH in the past rally, and went down by more than 87% of last bullish leg till now , it seems EOS tend to decrease more rather than any increase , anyway it has lost the the most important zone of pivot , and what's obvious right now is than when it is below this zone it can fall more even to black trend lines , but in order to have any bullish rally it needs to breakout the descending trend line and then the pivot zone , also be accompanied with a bullish trend of all crypto market
🛑resistance level: $6.3 - $6.6 /// $10.3-11$/// white trend line
🆚pivot zone: $2.8 - 3.33 $
❇️support levels: $1.64 , $1.353, $1.115 /// black trend line
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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