EOS
$EOS news, a BULLISH chart...EMA & RSI pointing NORTHFrom the looks $EOS may be challenging 2018 highs soon. A measured move on the daily charts points it north of $16. A close in the mid 12s range would increase probabilities. Get your popcorn ready.
#Daytrading #altcoins #EOS #BTC #cryptocurrency
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EOSBTC 1W long setup; Breakout of long lasting downtrendTA explained
EOS broke out of the long lasting downtrend which developed within the parallel downward channel. Price broke out and pulled back towards the broken trendline. A little more pullback can be expected which might also wick through the lower entry price.
Final target aligns with the 0.618 fib retracement level. SL is a bit wider than usually, risking a bit more on this trade because of the potential profit.
Trade setup
Best entries: 0.0001228 - 0.0001660
TP1: 0.0003299
TP2: 0.0005507
TP3: 0.0009781
TP4: 0.0015790
SL: 0.0000909
RR: 17.73
Max leverage: na
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
MY MINIMALIST CHART ANALYSIS FOR $EOS$EOS - EOS ON A DAILY CHART
5.10.21 0456H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS
Note:
Run your Fibs at the top and bottom of
the big and small range boxes together
with your chart for your target exits and
stop-loss.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology.
Caution, Trade what you see and not
trade what you think.
Postings are done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
Parabolic Curve pattern idea for $EOS USDTThis is a personal research and idea for investment. DYOR and TIT...
This is $EOS coin against USDT pair on a daily chart .
ABBREVIATIONS
Parabolic Curve Theory ( PCT )
Price Action (PA)
BTC ( Bitcoin )
T/K (Tenkan/Kijun Blue/Yellow lines)
:::DISCLAIMER:::
This is a long-term pattern that probably will develop exponentially growing price action as it starts to close. It seems consistent to PCT as we get higher highs and posterior ranging at key Fibonacci levels and there's also a sub-base 1, midway to the .236 fib (base 1 or .b1).
See as .b1.1 or as like I call it, sub-base 1 is touched at mid-height from the base of the Parabola to base 1 (.b1)
As I'm looking at this chart and describing my idea I'm very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action wonder outside the confines of the pattern invalidating or at least demanding a reassessment of the idea.
TIME/PRICE PROJECTION
Pattern start: Late-Jan 2021
Estimated end: Q4 2021 (5 months from publishing)
Price tag at time of publishing: 10,3871USDT
Expected price tag at end of pattern: 25USDT
Safe trailing take profit area: I will assess this as the pattern develops.
TECH INDICATORS
Ichimoku indicators:
-Bullish Kumo cloud.
- Span A and B flattening suggests consolidation period.
- PA above Kumo, bullish sign.
- Bullish T/K crossup 5 days ago from this publishing is also bullish.
- Chikou lagging span far and high.
- Parabolic SAR indicates bullish trend.
Trade at your own risk...
NEWS CATALYSTS AND BTC VOLATILITY
No major news upcoming this year related to coin.
Seems affected by BTC dips.
EXPECTATIONS
I expect a completion of the pattern if BTC doesn't pull PA out of pattern. If it does, this idea may need to be revisited.
$EOS at least at 25USDT price tag within months from now.
FINAL NOTE
Drawing may need some minor adjusting as the pattern develops.
Correction over?Looks like we could have a complete ABC pullback.
The C leg is kind of stunted and shorter so it's possible we get one more little leg down to $8.30, but anything past that would start to threaten our uptrend, which would be a major surprise.
EOS has been very supportive so far and it's alt season is just starting. Think of the goal! Where are we going?
Don't worry about the bumps along the way.
I'm going for $40 then $80 then $120.
Then I plan to sell, watch everything crater and everyone lose hope and think crypto is dead. And when everyone says it's dead, YOU BUY!!!
Think of the dot com bubble.
This is extremely similar.
EOS SHOWS STRONG POTENTIAL OF AN UPTREND, WE ARE IN A BUY ZONE!Have looked at the 9,9-10 usd mark quite actively the past days. Very strong support line at this area. Volume is diminishing with the current short term downtrend.
Very high potential of a much stronger uptrend at the moment. High reward/risk ratio. BUY!
EOS - Correction (As you asked)Market is going through correction right now, but some coins like ETH are recovering.
In my opinion, EOS is recovering too.
Wait until this recovering session is confirmed and then open your long positions... it's alt season so don't panic sell for now.
Wait for the breakout which happens right after the first closure of the 4H candle above the resistance area.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Double bottomEOS may have found a double bottom. Wait for neckline break on the hour timeframe. Target is listed but may want to take profits at the fib level before.
DYOR and GL!
EOSBTC Major Bullish Break-outEOSBTC broke above the Lower Highs trend-line that started on April 2018 that has essentially marked the start of its Bear Cycle. By doing so, it also broke the 1W MA50 (blue trend-line). That was the first hit on that line since the June 03 2019 1W candle. This bullish break-out is supported by both the RSI (broke above its 1 year Resistance) and the LMACD (biggest bullish gap ever).
The short-term target is the 1W MA100 (green trend-line) and long-term the 1W MA200 (orange trend-line). Both happen to be near the two major Resistance levels (1 & 2) that were formed previously by Lower Highs.
Most recent EOSBTC signal:
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