EOS Ascending ScallopAscending Scallop formation, big buy signal if this continues and forms a handle, this is based off an expected rejection at EMA level. A golden cross on this daily chart can also be observed. Ascending scallops perform better in bear markets. Short term bullish continuation expected.
Eosbitcoin
ridethepig | EOS Market Commentary 2020.02.05I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:
It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity.
Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50.
Well done those taking some chips off the table!
EOS LONG ANALYSIS (EXPECT WEDGE BREAK SOON!)
EOS/USD
EOS has been stuck inside of a falling wedge and has been making its way over the 50 MA back up to the top of the wedge. The next target here is T1 at the 100 MA and right near the top of the wedge at $2.90. This is a critical point, as it is either break outside the wedge, and push onto to T2 and T3, or break back down to the low end back into support. If wedge is broken, look for a rise to T2 at 200 MA of $3.5 and then again on to T3 at $4.05. $4 is a another local resistance and a top point I would highly reconsider selling at IF 200 MA is broken. Again, if the wedge is NOT broken, look to close at T1 and reopen inside support at the green box.
EOSUSDT - easy about complicated !!! Good afternoon, colleagues! A very beautiful picture is drawn on the EOSUSDT chart with the probability of working out a double bottom. I think many see him! Chic profit!🤑
However, we must not forget the alternative scenario, as well as the possibility of Bitcoin going to 5500. In this case, EOSUSDT will show us the third bottom as a present.😉 Also a good option!
In any case, we do not lose the opportunity to earn money. The nearest areas of the seller are indicated on the chart. Trade with pleasure !!!
Success and profit!
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EOS/BTC TA Update (Broke Bullish?)EOS/BTC
EOS broke outside the falling wedge pattern but looking a bit extended, I expect the price to consolidate above key support area at 0.5 Fib level.
We could see some minor pullback to retest the 12 & 26 EMAs to confirm as new support before potentially continue its uptrend up to the 3800 - 4000 regions.
EOSBTC forming bullish Shark | Upto 32% bullish move aheadPriceline of EOS / Bitcoin cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003163 to 0.0002942
Sell between: 0.0003402 to 0.0003903
Regards,
Atif Akbar (moon333)
EOSBTC Further H&S CorrectionEOSBTC Looking for further corrections if this current structure breaks down, which it looks like it most likely will. Only bullish signals are that it is printing higher lows, there is definitely room to move lower, even after a significant correction following the H&S pattern.
Included a bearish pennant for anyone learning patterns.
EOS +70% just corrective movementHello, Traders!
Monfex is at your service and today we overview EOS/USD .
Latest news:
The blockchain company Block.One, which developed the EOS protocol, agreed to pay a $ 24 million fine imposed by the court on charges of SEC of unregistered securities trading during the ICO organized by Block.One in 2017-2018.
Against this background, the price of EOS rose by more than 10%+ in the last 24H against the backdrop of an agreement with the SEC. The asset has become one of the growth leaders among the coins from the TOP-10 list by capitalization.
So it's say us that we need to see at TA.
What do you expect from EOS ?
Correction to Fibonacci levels, they stand as levels of resistance. 61.8% and 50% are our goals.
Period: expected until December.
At the moment, the price is in the zone of support for trading volumes and levels.
On the RSI we have bullish divergence and it's at the oversold zone and going to rise up.
Active Trade Signal by EOS/USD
Buy now near $ 2.60 - 3.00
Take profit $ 3.60 - 4.23 - 5.11
Stop at $ 2.35
Share your thoughts, ideas about the market under the chart.
Do not invest money that you cannot lose!
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
EOS vs BitcoinHi, dear Traders!
Monfex is at your service and today we overview EOS/BTC .
EOS is moving towards the diamond support zone now. RSI has entered a recession phase in the oversold zone and by that time the price will just drop and you can expect an upward movement from the support zone to the first target.
Market Cap
$2 774 501 506 USD
Volume (24h)
$1 619 668 115 USD
Circulating Supply
936 082 773 EOS
Stay with me and you will get in time signals for EOS/BTC
Share your thoughts, ideas about the market under the chart.
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
EOSBTC formed bullish Gartley | Upto 20% potential trade planPriceline of EOS / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003458 to 0.0003274
Sell between: 0.0003603 to 0.0003950
Regards,
Atif Akbar (moon333)
Emergence of a new trend for EOS Hello, Traders!
Monfex is at your service and today we overview EOS/USD .
There is a medium-term resistance for the EOS of about $ 3.95 , upon reaching which the EOS will break through the global resistance lines.
Locally, there is a falling wedge and a downward channel. Breakout of $ 4 will confirmation of bullish trend.
Before the end of the year RSI will have left the oversold zone.
Perhaps recently, a large second(2) wave of the Elliott(12345-ABC) Waves was ended at a large support line and the third(3) long wave begins.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
EOS has formed a triangle and BAT | Upto 228% profit expectedSince Feb 2018 the priceline of 7th largest cryptocurrency EOS moving within a triangle.
After Dec 2018 the price action is hitting the triangle support.
The candle sticks are also hitting the bollinger bands lower band.
The stochastic went in oversold after Jan 2019.
In the meanwhile the price action also formed a bullish BAT pattern at the end of triangle and sofar no candle stick has closed below the potential reversal zone.
I have taken the complete price action of BAT pattern and also the complete triangle within a fixed range of volume profile and both are showing very weak interest of traders at this area.
The price action will be reversed from this potential reversal zone of BAT soon insha Allah and this can lead upto sell targets of complete triangle.
So there are two sell targets I have defined one is for BAT pattern and other one is for complete triangle and those targets are as below.
Buy between:
0.0006169 to 0.0005489 (even you can buy upto the support of triangle)
Sell targets for BAT pattern: 0.0007786 to 0.00102152
Sell targets for complete triangle: 0.00114704 to 0.00199136
Regards,
Atif Akbar (moon333)