EOS: Higher Low Analysis 1H (Apr. 24)X FORCE GLOBAL ANALYSIS:
Eos has been in an uptrend for the past few days. In this analysis, we explore the bullish and bearish evidence for the case of EOS based on its technicals
Technical Analysis
- Eos has been trading in an uptrend, above an ascending trend line support
- It has gone through multiple consolidation phases, with bullish patterns such as: the bullish ascending triangle, the bull flag, and currently the bullish pennant
- The Relative Strength Index (RSI) has also been trading in an uptrend, creating higher lows
- The Moving Average Convergence Divergence (MACD) shows an uptrend with its moving averages, and though it demonstrates bearish histograms, we see potentiality for a further move up with a golden cross
- We have broken through, and closed above the 0.236 Fibonacci resistance.
What We Believe
We believe that EOS' bullish trend will remain given that the bullish pennant pattern plays out, and that the ascending trend line support remains intact.
Trade Safe.
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EOSUSD technicaly based forecast
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💡 EOSUSD technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.6
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EOSUSDT - a drop of 73.5%. What's next?Good day to all crypto fans! We continue to analyze the EOSUSD chart.
So we got the third bottom as a gift! But is it the bottom?
Locally, the price moves in a downward channel and is located at the lower border. With a breakdown of 2.10, the price will move to its upper boundary. A double bottom is formed locally, which also indicates a probable local growth. The upper boundary of the channel is 2.98, which is also a correctional movement of 0.382 Fibonacci from a total of 73.5% fall.Continuation of the corrective movement from such a strong fall in prices will probably be in case of breakdown of the upper boundary of the local channel. It is better to consider the probability of further corrective movement during breakdown and consolidation above 3.13. Levels are shown on the chart.
In case of breakdown 1.42, the lower boundary of the channel, and consolidation below this level, a direct road to 0.4090. But while thinking about it it’s too early to think, the correctional movement is a priority. And it is necessary to keep in mind, since panic is little predictable.
It is also worth paying attention to the volume that was during the fall. And it was all bought out. Someone is actively buying a coin at cheap prices.
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EOS giving upto 143% profit opportunity by forming big GartleyA breakout from the wedge:
Hi guys and gals hope you are doing good, In my previous article that I posted on 20 Dec 2019 I depicted that since Sep 16 2019 the world’s 7th ranked cryptocurrency EOS was moving within a falling wedge and and that time it was hitting the support of the wedge for 3rd time and we had recent support at $2.35.
With hitting support of wedge the price action also went closer to lower bands of Bollinger bands and repelled from there.
and with this move the price action had completed a bullish BAT pattern therefore I predicted that the price action can move up to 70% from this level.
And at the end of December 2019 the price action took a powerful bullish divergence and produced more than 121% profit that was really a big gain.
100 SMA resistance of week chart:
After this powerful bullish move there was a strong resistance of 100 simple moving average ahead on weekly chart. Therefore we can see that while hitting at the resistance of 100 SMA the price action of EOS was also hitting at the upper band of Bollinger bands and in very next candle the moving average convergence divergence (MACD) indicator also started turning bearish and the Stochastic also gave bear cross from over bought zone and as result the priceline dropped around 45% down.
Making higher lows and a strong support:
Now let's move to more long-term monthly chart then it can be clearly examined that the price action of EOS is making higher lows the first low we had on October 2017 after that we have another low on December 2018 and the most recent low was in November 2019 this is a positive signal. And with the formation of higher lows we can see that the priceline of EOS has found a strong support at $2.16.
Harmonic move with continuity:
On long term monthly chart it can be also clearly seen that EOS is forming bullish harmonic patterns with continuation. The price action formed the bullish Shark pattern which was started on October 2017 and completed on December 2018. And from the potential reversal zone of this bullish Shark the priceline took a powerful bullish divergence and entered in the Fibonacci projection from 0.382 to 0.786 Fibonacci projection of C to D leg. After the formation of this Shark pattern the EOS formed another harmonic pattern with its volatility. This time we can see that the priceline of EOS has formed a Gartley pattern.
Now let's dig this pattern deeper to see how perfect this pattern is formed:
The initial leg was started on December 2018 and ended on May 2019 then the price action is retraced between 0.618 to 0.786 Fibonacci to complete the A to B leg of this bullish Gartley pattern after this retracement the A to B leg is completed. The C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and now it is again retraced between 0.618 to 0.786 Fibonacci retracement area and here the price line of EOS is again entered in another potential reversal zone and ready for other powerful bullish move.
Realistic buying and sell range as per Fibonacci sequence:
As per Fibonacci sequence the potential reversal zone and potential pull back or potential sell zone can be as below.
Buy between: $4.26 to $3.06
Sell between: $5.20 to $7.45
It means that realistically as per Fibonacci sequence this bullish Gartley pattern can produce up to 143% profit but once the price line will cross up the 0.786 Fibonacci projection of A to D leg then EOS can turn more bullish.
Stop loss:
Everybody can have different stop strategies but in my point of view if you are trading on harmonic moves then we can use potential reversal zone as our stop loss if the complete priceline would be closed below this PRZ level then we can assume that the stop loss has been triggered.
EOS: possible long scenarioEOS is currently at 0.5 Fibonacci retracement level and possibly forming a H&S chart pattern...
..on the other hand several times the price rejected the support zone around 3.4 price level and currently it's above 50 EMA on 4H chart (on daily it's still below).
It seems reasonable for me to start entering the market from current 3.8 price level with S/L below 3.4 and T/P around 5.5.
First resistance level is around 4.07, second one is around 4.41.
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EOS to $4.82 or $4.32 ? EOSUSD Critical point!hello again and welcome back for another technical analysis on EOS Lower time frames.
if EOS closes below $4.48 on a 1 hour candle, I will be looking for continuation to 4.32 and if the current level of support holds my target to the upside is $4.82
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Dimond reversal pattern EOSUSD chart. end of the correction?hello again. another new analysis not the EOSUSDT chart and things looks bullish on lower time frames which could drive the higher time frames to continue the uptrend. as you can see on the chart. EOS is has completely formed a Dimond pattern which is bullish and it is a reversal pattern. now lets wait and see. I am currently in a long position and I target the .382 fib level.
my chart analysis are for education purposes only and they are my pure opinion not a financial advice. I am not a financial adviser! happy trading guys!
ridethepig | Covering Some EOS Here...On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than the past two weeks.
The original portfolio position is +155% so there is no harm in taking some chips off the table. For those tracking the original entries:
Risk markets are trading more positively, I continue to think the downside remains a buying opportunity in EOS, local exchange bids will limit the downside towards 4.50. A good opportunity to cover some and recycle at the lows aiming for the initial 5.00 highs from Saturday which is the first resistance to watch in order to unlock an impulsive leg towards 7.50.
On the BTC side we remain in the same flows, with the same drivers:
As usual thanks all for keeping the likes and comments coming!
EOS Ascending ScallopAscending Scallop formation, big buy signal if this continues and forms a handle, this is based off an expected rejection at EMA level. A golden cross on this daily chart can also be observed. Ascending scallops perform better in bear markets. Short term bullish continuation expected.
ridethepig | EOS Market Commentary 2020.01.31EOS also approaching first targets in the swing at $4.5 area as highlight previously. Some minor profit taking is expected on the cross but buying dips remains the preferred trade. That said, I don’t think there will be a prolonged, hard sell off. It’s not very inspiring but as long as EOS remains a funding currency patience and opportunism is the order of the day.
Bull's next move sees the swing materialise into an impulsive nature, for the threat is now an advance on the initial target at $4.50 at the right moment and extensions at $7.50. At the point where the swing was created will see defence return and absorb the momentum break, and is therefore logically linked to profit taking.
In the above flow, bears could not make good use of the channel as an attacking instrument. Buyers took full advantage of this, and I would consider the skeletons in BTC and LTC as totally identical in their characteristics.
As usual thanks for keeping your support coming with likes, comments and etc!
EOSUSDT - easy about complicated !!! Good afternoon, colleagues! A very beautiful picture is drawn on the EOSUSDT chart with the probability of working out a double bottom. I think many see him! Chic profit!🤑
However, we must not forget the alternative scenario, as well as the possibility of Bitcoin going to 5500. In this case, EOSUSDT will show us the third bottom as a present.😉 Also a good option!
In any case, we do not lose the opportunity to earn money. The nearest areas of the seller are indicated on the chart. Trade with pleasure !!!
Success and profit!
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ridethepig | EOS Market Commentary 2020.01.20A funny weekend for Cryptos. Profit taking across most major coins which is only natural after such an impressive advance. BTCUSD spiked to above 9,000, just shy of the 9,200 pivot. EOS has been reacting to the increased purchases of LiquidX. Price settling back towards the highs here and a healthy target at $4.50 seems appropriate to me, especially given how we are already +72% in the previous units.
The market will start to get worried about becoming overstretched, soft hands are closing as we head into February, but there is a window for a major breakup here with many underestimating the Crypto inflows over the next couple of weeks I think.
I recommend to stay long EOS. GL all those trading today.
💎EOS - Simple trading plan with BIG goals! 🧑🏻🚀Hello everybody! Thumb UP👍 if you like this idea!
I present to your attention a simple EOS trading strategy based on the breaking of a downtrend line and clear goals that can bring good profits!
TRADING PLAN:
1. Add the alert above $4.2
2. When the alerts trigger buy EOS and set limit sell orders at the level $4.6, $5.5 and $6.1.
3. Set a stop-loss near $3.4
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EOS Finally Hitting The Falling Wedge's Support Upto 70% MoveSince Sep 16 2019 the world’s 7th ranked cryptocurrency EOS is moving within a falling wedge chart pattern and this time it is hitting the support of the wedge for 3rd time and now we have recent support at $2.3548.
With hitting support of wedge the price action also went closer to lower bands of Bollinger bands and repelled from there.
The Oscillators and indicators are turning bullish:
With this touch on falling wedge’s support all indicators and oscillators on two day chart are turning bullish.
The Relative Strength Index (RSI) was already oversold with the value of 29.45 and now turned bullish and the Stochastic RSI was also oversold and has given bull cross and the moving average convergence divergence (MACD) indicators was also strong bearish and now burned weak bearish with indicates that bears are losing control over the price action of EOS.
The harmonic formation:
At this support the priceline also has formed a harmonic Crab pattern and this time we are in potential reversal zone of this harmonic pattern and the bullish divergence from the PRZ area can lead the price action to hit the 1st resistance at $2.5804 but if this resistance will be broken then EOS can breakout the resistance of the falling wedge and that can also lead to the big bullish move.
But remember one the support of this wedge will be broken down then the EOS can move down to make a new low so this support should be a stop loss point for many traders who bought the EOS at this support recently
If we buy at wedge support then we can set our sell targets 0.382 to 0.786 Fibonacci projection of tail to support of the wedge which is from $2.77 to $3.37 so this can be upto 70% bullish move.
Regards,
Atif Akbar (moon333)
EOSUSD forming bullish BAT | Upto 14.5% bullish move aheadPrice action of EOS / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.4649 to 2.4135
Sell between: 2.5877 to 2.7709
Enjoy your profits and regards,
Atif Akbar (moon333)
EOSBTC Further H&S CorrectionEOSBTC Looking for further corrections if this current structure breaks down, which it looks like it most likely will. Only bullish signals are that it is printing higher lows, there is definitely room to move lower, even after a significant correction following the H&S pattern.
Included a bearish pennant for anyone learning patterns.
EOS Broke Its Bullish Channel DownsideThe cryptocurrency market is flashing red again. Specially EOS lost over 3% in the last 24 hours. The digital coin now is fighting to come out of a sideways trading trend below $3.0. At the same time EOS is trading below the 100 SMA and the 50 SMA on the daily chart.
The nearest resistance for EOS/USD is 2.70 area which is critical. This area includes 50, 100 SMAs, a middle line of the Bollinger Bands and the trend line of resistance (on the bullish channel) on H4 chart. A clear break above is needed for the bulls to extend the upside momentum for testing the recent highs at $2.85 since end of Nov. and first days of Dec. Next resistance is a psychological $3.0 level, but for sustainable move over it EOS will need the support from the broader market with a broad-based crypto rally.
On downside, a clear break bellow daily lower Bollinger Bands at 2.50 should extend the sells pressure for retesting the 25th Nov.'s bottom at 2.29.
The RSI is horizontal at 38 after correcting from levels slightly below 30.
EOSUSD formed bullish Shark | Upto 42% expectedNov 3
Priceline of EOS / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 2.6516 to 2.3970
Sell between: 2.8909 to 3.4117
Regards,
Atif Akbar (moon333)
EOSUSD is fomring bullish Gartley | Long opportunity aheadThe priceline of EOS/ US Dollar cryptocurrency is forming last leg of bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 3.3866 to 3.3045
Sell between: 3.4511 to 3.5762
Regards,
Atif Akbar (moon333)