Are You Up For One (1) More? EOS Token on 10x Lev.We looked at Bitcoin Cash (BCHM20), Cardano (ADAM20) which is already paying big, Bitcoin (XBTUSD), Litecoin (LTCM20) and now we will be looking at EOS Token (EOSM20).
This set up isn't yet complete but an opportunity is developing here.
Prices are trading near "support".
If this support breaks more red and then jump.
If EOSM20 stays above support, the jump can happen right away.
We are active in this setup with 10X.
If you would like to see the full trade details make sure to hit LIKE.
If enough people are interested, we will share the buy-in, targets, stop-loss, and additional information at 111 likes.
Thanks a lot for your amazing and continued support.
Namaste.
Disclaimer: This is not financial advice.
Leveraged trading is high-risk and intended only for very advanced/experienced traders.
Feel free to leave a comment if you have any questions.
Namaste.
EOSBTC
EOS/BTC (Bullish Pattern Break?)EOS/BTC
-starting to break the trendline resistance
-if the candle closes bullish green
-there is a high probability to change the trend
-the technical pattern we have is an ascending triangle
-the upside potential is up to 3300-3800s
-stoploss is placed under a previous higher low at the 2750s
EOS: Head and Shoulders Continuation Pattern 1D (Jun. 1)X Force Global Analysis:
Unlike other altcoins that have shown strong momentum during their bullish rally, EOS has been rather quiet, showing only steady growth. In this analysis, we explore EOS' bearish probabilities, mainly based on its head and shoulders continuation pattern.
Analysis
- The first thing we note in this chart is the head and shoulders pattern
- While many traders recognize this pattern (and the reverse head and shoulders pattern) to be a reversal pattern, it can also function as a continuation pattern
- In this chart, we have seen strong bearish pressure, and a downtrend before bouncing off support to form a head and shoulders pattern
- The neckline is at around 2.4 USDT, and the ascending trend line support is still intact
- The two shoulders have formed as a rejection from the 0.236 Fibonacci retracement resistance
- A break down from the neckline support and ascending trend line support would provide confirmation for a move down to the 0.786 Fib support.
What We Believe
Given that the bitcoin dominance chart looks bullish, it's reasonable to assume that probabilities for a bearish case remain high.
Trade Safe.
EOS 100% Potential Mapped With Fib. TargetsHere we have EOS (EOSBTC) mapped on the daily (D) timeframe.
Looking at other altcoins, what EOSBTC is experiencing now is the reversal point... Just as prices broke below support, they can easily move back up.
If this altcoin pair follows the smaller ones, we will see EOS start to grow... We've been bullish all along.
Click the image below to see more:
Namaste.
Transactions Have no Value, but this Lawsuit Might | EOS ($EOS)⚖️ While the crypto market as a whole has a chance to recover, and we have generally favored long setups on crypto, we think EOS specifically will make a good hedge short play. EOS has seen a string of bad news including a lawsuit and a report that suggests most transactions on EOS have no financial value. That, alongside a short term bearish trend, has us looking for more downside in the near term.
Resources: cryptobriefing.com + www.coindesk.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the 30 minute timeframe. This is indicative of the short term bearish trend for EOS.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon line color) and/or bearish S/R levels plotted by Directional Bias (Maroon line color).
3. Right now we are looking for a short entry off the R1 bearish orderblock which we hope to see act as short term resistance. The target from that trade is the bottom of the pennant. A stop placed below the R2 bearish orderblock cluster will help limit risk.
4. If our first entry doesn't work we will open another short in the R2 range with a target of S1. Here a stop is placed well above the R2 cluster and should only trigger if R2 fails to hold.
Again, the idea here is to use EOS as a hedge against our other positions.
Good luck fam!
EOSBTC FINALLY STARTING TO REVERSE? After a 53% drop in price since mid Feb EOSBTC is finally starting to show signs of reversing from its non-stop downtrend, what comes down must go up.
On the 4HR TF we are seeing a Sym triangle forming with potential bullish play to the upside if broken & retested triangle as support, this is currently supported by
a change in market structure, from consistent LH/LL's to now forming a HL & potentially a HH this could be the deciding factor for EOSBTC in the coming few days.
Short term bullish play;
Would need to see a clean break of upper trendline in Sym triangle broken then re-tested as support, with short term TP at 2895 on previous high structure.
Long term bullish play;
Once HH structure has been set in stone, will be looking to take long positions on the next HL pullback. If bullish momentum does play out I will be updating this chart
with my entry positions, SL's & TP's so stay tuned !
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EOS 3 Heads Pattern Taking Place?We are looking at the "3 Heads Pattern" showing up on the EOSBTC chart, prices tend to jump after this pattern forms.
Prices moved above EMA10 on a bounce and stopped growing once it hit EMA50 (magenta line).
With bullish indicators trading up, EOSBTC can easily jump.
Make sure to have a plan and use a stop-loss, in case the pattern breaks down and prices drop.
Thanks a lot for your support.
Namaste.
EOS/BTC - pinbar on the week .The blue line marked the divergence.
A break-down of the key level and fixation will be a signal to buy.
The weekly timeframe may be closed by the pin bar.
That's a good buy signal.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
EOS/BTC 1D (Binance) Descending parallel channels on supportEOS is facing mid-line support of big descending channel (beige one) and lower-line support of the small one (pink).
Bitcoin has been giving ALTs a hard time, but the big market-cap coins should recover faster.
I'm expecting a bounce soon and maybe a reversal towards upper channel line:
Buy Entry= 0.0002662 - 0.0002560
Take Profit= 0.0003224 | 0.0003621 | 0.0004262
Stop Loss= 0.0001998
Risk/Reward= 1:1 | 1:1.65 | 1:2.69
Expected Profit= 23.48% | 38.68% | 63.23%
Possible Loss= -23.48%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
EOS looking interestingFeel free to comment on my TA or share your thoughts on the subject!
- EOS next support (weekly) at 2479 sats
- RSI dipped below 30
- Historically a dip below 30, followed by a break above 30 has more often than not resulted in clean gains (as you can see on the inset)
Target 1: 10% at 3010 sats
Target 2: 20% at daily levels at around 3330 sats