Get started

EOSBTC

EOS/USDT: Awaiting Confirmation on the Weekly 1W (Jul. 30)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore EOS' weekly chart in order to determine significant zones of resistance and to confirmations that provide weight to the narrative of a bullish rally. Analysis - To begin with, we can notice that we are currently testing the descending trend line resistance - This trend line has been valid for over a year, and a break and close above the resistance is necessary for bullish confirmation - We also have strong historical resistance around the 4.94 USDT level - Counting Elliott Waves, we could see a potential Impulse Wave (12345) in play, leading up to the 0.786 Fibonacci retracement resistance at 7.12 USDT - However, we are trading below the Ichimoku Cloud, which has been acting as strong resistance for a while - Nevertheless, the Relative Strength Index (RSI) is at neutral levels, forming higher lows and higher highs - The Moving Average Convergence Divergence (MACD) has formed a golden cross, but seems to lack the bullish momentum necessary for a breakout. What We Believe We believe that once we break and close above the descending trend line resistance, a clear confirmation would be provided for a major bullish rally in play. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
7
EOS/USDT: Bullish Breakout Analysis 1D (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this post, we analyze EOS' daily chart for its Tether (USDT) pair, assessing its bullish probabilities. Analysis - EOS has broken out of a descending wedge pattern - After weeks of consolidation, it looks to create new highs for this year - Using the length of the pole leading up to the consolidation, we could expect this breakout to lead a rally to the 1.618 Fibonacci retracement resistance What We Believe The daily setup looks extremely bullish for EOS, as confirmation has been provided from a breakout, leading prices to new highs through bullish rallies. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
1
EOS/USDT: Corrective Elliott Waves 1H (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we zoom out from our previous analysis to assess the temporarily bearish probable cases for EOS. Bullish Evidence - To begin with, the Simple Moving Averages (SMA) are all aligned in the order of: 20SMA, 50SMA, and 100SMA - This not only indicates strong support but also strong bullish momentum - Prices are forming higher lows and higher highs - The Relative Strength Index (RSI) is at neutral levels - Prices are trading above the Ichimoku cloud support, as an indicator of bullishness and strong support Bearish Evidence - However, we have spotted a textbook bearish divergence, with higher highs on the price and lower highs on the RSI - The Moving Average Convergence Divergence (MACD) is about to form a death cross, as it shows weakened momentum with smaller bullish histograms - Counting Elliott Waves, the Elliott Impulse Wave count (12345) is over, as we look for either a corrective wave in play or waves for consolidation - While there is a clear uptrend, the fact that the trend is going parabolic can be quite worrisome. What We Believe In summary, EOS has had a good rally, and is temporarily looking for a correction at the moment. However, as there are a plethora of technical evidence indicating potentiality for bullish scenarios as well, further confirmation would be required for a complete bearish trend reversal. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
EOS/USDT: A Bullish, Steady Uptrend 15m (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore EOS' Tether (USDT) pair on the 15min chart to assess the bullish and bearish probabilities. Analysis - To begin with, we are currently trading within an ascending parallel channel - Prices are creating higher lows and higher highs - EOS shows a breakout, then a long phase of consolidation, leading to another breakout - We are currently trading above the 20 Simple Moving Average (SMA) as support - After reaching levels close to the upper channel resistance and correcting, we have tested the 0.5 Fibonacci retracement support and bounced off previous local high support. What We Believe We believe that EOS is another altcoin that shows signs of extreme bullishness with huge upside potential. However, it's important to take into consideration the fact that no real confirmation has been provided yet. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
Bearish accumulation or sideways movemten?Hello, traders. Tell us what you think. EOS is close to the long-term resistance, which may decide the future of that asset price. We are on a few days within an accumulation zone. We don't know if it is a bearish accumulation or sideways movement, so we are going to wait for the price to decide the next move. Within which case, the long position is above the resistance, and the short position bellow that accumulation. Best Regards. Gustavo.
by MarketMinds
EOS: Long Term Bullish Setup 1W (Jul. 26)X Force Global Analysis: EOS has been at a phase of consolidation near all time low support levels for the past few months. In this analysis, we explore a bullish case for EOS based on technical analysis. Bullish Evidence - To begin with, we can spot a potential bullish Adam and Eve reversal pattern, with a neckline around 7.8 USDT - The Relative Strength Index (RSI) shows signs of strength as it creates higher lows - The Stochastic Oscillator also shows higher lows as a sign of trend strength - The bollinger bands are narrowing, which is normally a sign prior to a big movement taking place Bearish Evidence - However, the Moving Average Convergence Divergence (MACD) shows a lack of momentum through its weak bullish histograms - EOS is also yet to break out from the descending trend line resistance marked by the dotted white line - We are currently trading below the Ichimoku cloud, indicating the current trend is bearish for now. - Further confirmation after a breakout is necessary for the validation of this scenario What We Believe In short, while there are a number of bullish evidence marked by technical analysis suggesting a probable bullish case, the bearish evidence suggests that further confirmation is required for a long term bullish setup. Trade Safe.
Long
by XForceGlobal
1
EOS in GREEN ( MACD DIVERGENCE )Confirmation 1: EOS Bullish Divergence on a weekly time frame. Coming weeks 30% bull run. Confirmation 2: Tested the monthly level at 2479 which is strong support. confirmation 3: Look at the Triangle Wedge, The upper line of the wedge has been tested and respected 5 times. The Red candle is testing the wedge by wicking at the edge of the wedge. We may see a test at 3148. Exit the trade before 3148, because it is the monthly resistance which is going to be tested. We may see some retracement, if on the first touch the monthly level is broken EOS may test weekly level at 3552. In Short, 20 to 25 % rise in coming weeks. If 3148 is broken, then more 10 percent rise is expected. Trade safe. Good luck. And Ignore my typing mistakes please. Thanks. God bless you all.
Long
by SmartMaxi
EOS Also Remains Strong | Bullish Potential IntactI've been charting Ripple (XRPBTC) and EOS (EOSBTC) together for a few days... The charts are very similar or better yet, looking the same. Prices for EOSBTC also remains strong above EMA50/EMA10. Above these levels, a bullish jump can follow next. STRONGLY BULLISH If prices drop and break below support (EMA50/10)/(Red arrow), we remain bullish after the drop (blue arrow). Everything above the last low at 0.0002479 and we remain strongly bullish. Namaste.
by AlanSantana
3