EOSETH trade ideas
EOS/ETH Cup and Handle Forming? (4 Hour)Seems like a possible cup and handle is forming on the 4 hour EOS/ETH chart.
In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak.
EOS/ETH Long Entry banking on 20DMA rebound (weekly)On my last post EOS/ETH was in overbot territory on the weekly and I was looking to add more on weakness.
The Bull Case:
Since then the pair experienced a reversion to 20DMA, STO back to the mid-area (no surprise!).
IMO the current setup could be a good entry point risk/reward-wise. Looking for a rebound on 20DMA. With a potential Exit ITM before meeting the upper band of John B!
+ factor in Some major announcements to come on June 1st from Block.one, the firm behind EOSIO and which ICO-ed the EOS token. This could play as a catalyst for an period of speculation/readjustment of expectations around D-day.
Downside Potential:
I would work this config with a tight Stoploss, Risk/reward 1:3 with a QUICK Exit if no spike up after the announcements. There is a potential of being drained by the forming divergence on the MACD.
This is just a statement of opinion and should not be construed as financial advice.
EOS/ETH Long on Potential rebond on 2WMAOn my last post EOS/ETH was in overbot territory on the weekly and I was looking to add more on weakness.
The Bull Case:
Since then the pair experienced a reversion to 20WMA, STO back to the mid-area (no surprise!).
IMO the current setup could be a good entry point risk/reward-wise. Looking for a rebound on 20WMA. With a potential Exit before meeting the upper band of John B!
+ factor in Some major announcements to come on June 1st from Block.one the firm behind EOSIO and which ICO-ed the EOS token. This could play as a catalyst for an period of speculation/readjustment of expectations around D-day.
Downside Potential:
I would work this config with a tight Stoploss, Risk/reward 1:3 with a QUICK Exit if no spike up after the announcements. There is a potential of being drained by the forming divergence on the MACD.
This is just a statement of opinion and should not be construed as financial advice.
Long Idea For EOSETHLast time it bottomed out, EOS went on a multi-week rally completely obliterating ETH performance
EosEth near to collapseIn the last week, the ratio EosEth reached his first target of the decline started on April 15th.
Now, from this level, Eos has a chance to recover, starting a new leg up in its relationship of force against ether.
But if Eos will lose the level that is drawn with the red trendline here in the chart, then a chasm will open.
The recovering of Eth against Eos could be only at its first stage...
Per Aspera ad Astra
Roy Reale
