$EOS / USD is at a major support level(+259% Potential Profit)Good morning crypto ladies and gentlemen that love trading and read about cryptocurrencies!
I hope you had an awesome weekend like we had it here. Bitcoin printed a nice monthly candle then retraced a bit.
So thanks to Bitcoin price action we can grab some cheap altcoins.
One of coins i am bullish on is EOS, here is why:
BITFINEX:EOSUSD is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.)
The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly.
Currently it is trading on the major support that held for almost 3 years!
I wouldn't be surprised to have a fakeout below the support level then return back at the support zone. Based on actual price zone we can see nice accumulation scenario.
Because of not very high volume a fakeout is very likely so set your stop-loss accordingly to not get it triggered too soon.
As we all know, Bitcoin is the king of all cryptocurrencies, based on its action we can see alts bleed more or pump like there is not tomorrow!
The best scenario for altcoins is to have Bitcoin consolidate and be stable for a while so profits could move to altcoins market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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EOSBTC
eos/usdt poooomptp1:3.5
tp2:5
tp3:6
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Sucker punch for the bearsBears have really been trying to blow out this bullish channel but the support trend seems to be nice place for bear traps.
ADL is indicating that the bears are losing strength along with MACD forming nicely alongside CRSI being oversold ,which means EOS as a whole may be coming to the end of its overall decline.
rally volume and momentum is still very strong with large accumulation phases increasing the potential of upcoming volatility for the bull.
Price prediciton 3.0 by October 22nd
EOS/BTC - Alt Season 2020 - Part 2No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#EOSBTC : I'm SHORT/BEARISH position up until (Green BOX). I expect that $EOSUSD will rip down.
This would mean that EOS will lose more 40% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
#CRYPTO $EOS #EOSBTC #EOS #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
EOS can fly to 3.7!!!i used gann and finded some points in EOS chart and if we consider these points we can have some possible harmonic patterns that we can expect from it
we got 2 possible scenario and i marked it in chart with RED and GREEN arrows
2.7830 is important price if EOS can pass it so lets fly to 3.7
but if not we can wait for a little more correction to 2.47 and then we will see what will happen.
so if you want to buy it wait until it pass 2.79 then you can buy some..
21-23 september are important days
lets see
EOS Bull SwingIt seems the bears may have been exhausted on this one,with some very nice Higher lows occurring on the MACD and RSI Indicating a Bullish Divergence,aswell as this
Eos seems to be lining up nicely into an upwards channel.
Most defiantly a test in minor resistance,wether or not we break through the minor resistance onto major resistance is unlikely within a month.but considering the sideways direction of btc we should see alot of smart money flowing into these dips,increasing volume gradually.