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
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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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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Eos (EOS) - May 8Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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(EOSUSD 1W chart)
(1D chart)
We'll have to see if we can get support and climb from 10.1764-10.7363.
If it falls, we need to make sure we get support at 9.05.
It remains to be seen if it can rise above the 12.7530 point, which is an important point.
If you move down at 8.4968, you need a short stop loss.
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(EOSBTC 1W chart)
(1D chart)
1752 Satoshi-1874 Satoshi should be watched for any movement deviating from the section.
If it falls, we need to make sure we get support in the 1569 Satoshi-1630 Satoshi section.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
EOS to the Mars?Hi there
lets talk about EOS first
EOS has always been one of the most hype over ICO and now a smart contract platform. When it was announced by founder Dan Larimer in New York City in May 2017, a giant jumbotron advertisement could be seen glowing over Times Square. In the first 5 days of their ICO token sale, EOS raised an unprecedented $185 million in ETH — all without having any kind of product or service yet. EOS claims to be “the most powerful infrastructure for decentralized applications.” Basically, EOS is (or, rather, will be) a blockchain technology much like Ethereum. They plan to create their own blockchain with a long list of impressive features. Some are even calling EOS the “Ethereum killer.” But along with all the hype and excitement about EOS, there’s also a large amount of skepticism coming from the crypto community, and its pumpin hard now.. whats targets
targets 12 - 13 - 14 - 15
stop loss 10.5 - 10 - 9.5
see ya