EOS
BNB - LTC - EOS - BATEOS, LTC, BNB, BAT - Going through the Crypto list we can see price is following the exact same pattern across the board, For now price structure is forming a bear flag which is a bearish pattern IF broken to the downside. When trading patterns you need patience and wait for the breakout of support or resistance before entering the trade. Another thing to note if a bearish patterns gets invalidated this is a bullish signal.
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eos weekly chart long ideaThe market has corrected in a big way, checking for deeper, larger support areas. Where we once had resistance, we have now checked for support. These 2 areas are marked with blips on the chart. The arrows are showing how resistance has been flipped to support. If this is the new floor, lets take the stairs.
This is not financial advice. This is for my own reference and record as a hobby trader. This is purely for entertainment and educational purposes.
Don't be shy to comment. I would love to hear everyones opinion!
EOS - Back up? Seems like itI'll make this one fast:
If this is a short-term "recovery" then once a confirmation is received after crossing the resistance area, you can open long positions and aim on those 2 targets as shown on chart based on your own risk level.
We already opened long positions since $6.2 but now I'm thinking it's becoming safer.
There's also a possibility of correction down to the middle Bollinger band before going up.
Good Luck
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What really happened? Is there more?🔴 What happened?
Bitcoin has lost more than half of its value over the past month amid criticism from Tesla founder Elon Musk and a renewed crackdown from regulators in China. Jim Cramer Says 'Accept the Beatdown'
Bitcoin prices slumped to a three-and-a-half month low Wednesday, while cryptocurrency peers such as Ethereum and Dogecoin traded heavily in the red, following a renewed crackdown on virtual currencies markets in China and a broader pullback in risk markets in the United States.
Bitcoin's two-day decline was sparked by a post on the official WeChat account of the People's Bank of China, which warned that digital tokens should not be used in either financial markets of the world's second largest economy -- and the largest crypto market -- given that they are not "real currencies".
Bitcoin prices have struggled to recover from comments from Tesla (TSLA) - Get Report founder and CEO Elon Musk last week, who courted anger within the bitcoin community when he said the clean energy carmaker would no longer accept the digital token as payment -- nor add to its $1.5 billion quarter-end holdings -- until developers found a way for it to consume less energy during the mining process.
Bank of America's closely-watched Fund Managers' Survey, published Tuesday, noted Tuesday that 43% of those polled described "long bitcoin" as the industry's most-crowded trade, with 75% describing the world's biggest cryptocurrency as a 'bubble'.
🔴 Let's get technical:
Bitcoin was overbought so much that we can't say it's oversold already! Crazy right?
“The bitcoin low picture continues to deteriorate and is pointing to continued retrenchment by institutional investors," JPMorgan analysts said in a client note Wednesday, adding that it is "perhaps too early to characterize bitcoin as oversold”, a condition that would require a move below $26,000.
🔴 What to do now?
It wasn't a correction. It wasn't a noise. It was a complete manipulation!
The wisest thing to do is avoiding the FOMO of buying the dip, because as far as we can see, there are no signs of any recovery so far.
It might even dump to the $20K channel. So let's just wait and see.
🟢 Let's talk.
- What do you think about this?
- Did you lose your money?
- Are you buying the dip?
- What do you suggest?
Eos aim for 8.5$ As you can see we have very strong support at 4$ and eos get back in the uptrend channel
In the first jump we could see eos in 8.4$~8.8$ After that depends on Bitcoin movement we could predict eos next move
🔥 EOS Bullish Reversal From SupportOver the course of a few months, EOS has formed a huge megaphone pattern. During the recent sell-off of BTC it appears that EOS has found a very strong support at the bottom trend line of the pattern.
As per my previous BTC analysis, I'm predicting that we're about to see a very strong reversal in prices soon. EOS is comparatively still quite undervalued, so I'm expecting a big jump.
In the long term, the target would be either the top of the channel or the current ATH.
Happy trading!
EOSUSD Trade of the week!Trade Analysis based on Price Action...
With risk management you will never loss money
Thank you
Ridethemacro
EOS - 6h. test of $10 and continuation of the correction?A fairly promising rise in the price of EOS , which consisted of two powerful waves on May 5 and May 11, began its correction. This correction was our main scenario , which we wrote about in the previous global idea:
As well as under the VETUSDT or TRXUSDT ideas, many positive-minded traders expressed their negative on our corrective forecast. Nevertheless, we publish our thoughts, regardless of whether others like it or not.
In this case, in the EOS market, we have witnessed how short-term the news is working out . As we remember, on May 11, news came out that the Creator of EOS will open its own crypto exchange. For two days, the price of EOS was actively growing and it looked spectacular on large timeframes.
However, if we analyze the growth on the 15 minute timeframe , we see that someone systematically unloaded their positions and left a trail in the form of hairpins up:
Our opinion is confirmed by the following trading days, when buyers were unable to keep the price above the range of $11.5-12. Already on May 13, most of the growth momentum was absorbed by sellers. This fact confirms the opinion that the news can strengthen the trend movement or become a good trigger for the start of a strong movement. However, only when the market is ready for it. Otherwise, the news is rather short-term.
At the moment, the price of EOSUSDT has stopped at the range of $8-8.5. If we analyze the history of EOS trading, we can see that this range was quite important in June 2019:
As you can see, it was after the unsuccessful breakout of this range that the EOS price continued its protracted downward trend. Therefore, we expect an attempt to consolidate buyers above the range of $8-8.5.
The critical point that will decide the next medium-term EOS price movement is at $10 . At this point, we will see how strong the buyers are and whether they are capable of continuing to rise to at least $12. A weak local wave of growth will give a strong signal for the continuation of the fall in the price of EOS to the range of $5-6 .
Therefore, at the moment we expect:
1. price fixing above $8-8.5
2. Test $10
After meeting these targets, we will create a new short term idea for EOS.
P.S. A negative scenario in the EOS market will be possible if we see a downward breakdown of the consolidation triangle on the EOSBTC chart :
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5th Series of Altcoin Buying Areas!Hi,
Earlier than expected but the market situation and my followers require it! Gogogo...
Comment of TWO of your favorite altcoin, not ten not five, TWO :), hit the LIKE button, click follow to get the analysis of them as fast as possible, and you will get your favorite coins into the list!
Please, name ONLY ticker or full name and ticker, for example: ADA, or CARDANO (ADA).
This time Top 15!!! mentioned altcoins get analyzed, pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices!
Breakout areas are a bit riskier but whoever has been patient, then through the series the lower price ranges (buying areas after the correction) have been quite precise.
Stay healthy,
Vaido
Eos play scenarioThere also could be a head and shoulders forming which would drop this to the 6 dollar area.
If BTC continues down and hits the cloud at 37k area expect this to hit 5.50.
EOS Set & Forgot Target $55EOS USD target remain the same $55 Longer term lead by Coming huge developments in EOS
trade Analysis based on Price Action & Fundamentals
With risk management you will never loss money..
Ridethemacro
EOS it's time to rise ! Eos despite the negative pressure on all cryptocurrencies due to the sudden decrease of bitcoin shows to have grit, the big buyers are buying the currency in an interesting way and even the medium buyers start to care.
Think you can see a rise in the price of EOS up to 16 USD
If you want you can receive free and real-time signals IN LONG and OUT LONG from the market generated by my advisor to the page marketmiracleadvisor.com
