---- 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
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
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.