EOS may resume it's uptrend to a previous $5.50 highEOS had a virtually uninterrupted rally from $2.50 on January 28th to the high of $5.50 on February 13th. After dropping to a low of $3.17 on February 23rd, EOS made four attempts to rally, achieving 4 sucessive higher highs on March 3, 9, 13, and 20th. Unusually strong up days on March 1, 9, 13, 16, and 26th potentially reveal accumulation patterns by institutional accounts. It pays to follow the money, in my opinion. I don't currently have a position in EOS, but this may change in the future.
EOS-USD
EOS Long - Bat XABCD & Wedge
EOS looking to break out of current price levels because of the falling wedge shape and the potential bearish BAT XABCD pattern that looks likely to be completed.
The fib ratios look good on the BAT pattern and if it plays out we should see breakout towards $2.8 and strong move down after that.
We also see a clear long term bullish divergence on the accumulation distribution indicator.
Set a tight stop loss around 2.41 and enter now !
Please note that I am not licensed to provide financial advice and that this is just a speculative setup. Do your own analysis and due diligence before trading, I do not take any responsibility for your losses. Give a thumbs up if you wish to see more from me!
Still bullish and Holding onto EOS. EOSUSDJust had a request come through for EOS. And why not? I will include Fibonacci goals from now on. These are rough estimations that we use for entries and exits. Obviously, the market always has a mind of its own and it cannot be timed or controlled or wishful thought into action.
Now, I am still bullish, because the latest drop did not cross the Wave 1 start, confirming Wave 2. If we don't cross 2.8 we can aim for these points.
3.9 then 4.6 . I have positions in EOS, and I am not pulling out just yet.
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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EOS/USD, The Price want to break free!We can see, that in these latter days, the price was accumulating and bidding up in the Triangle.
When it moves out the Triangle it can start to grow up.
I purpose, that the Price may reach the 23.02 and 24.02 indexes. That's our goal.
I hope that the Support/Resistant Zone will further its move.
Do you like my Idea?
Let me know about it and write your comments!