EOS/BTC 3D (Binance) Preparing for mid-term uptrendWell, we all know EOS and it's been a long downtrend, get ready to fill your bag.
Crypto.com Exchange with The Syndicate just listed and allocated 210K EOS at 50% discount (48M CRO contributed).
Entry= 0.0003175 - 0.0003375
Take Profit= 0.0004255 - 0.0004743 - 0.0005231
Stop Loss= 0.0002298
Risk/Reward ratio= 1:1 - 1:1.5 - 1:2
EOSBTC
EOS-EOSBTC-
Below 0.00031194 is a long-term investment area.
You should check if you can continue to receive support at 0.00031194.
-EOSUSD-
Below 2.6883 is a long-term investment area.
In terms of price, it shows a lot of decline.
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Anyone thinks that the main currency of the coin market is BTC.
Wrong judgments often occur due to the price of BTC and the conversion into fiat currency.
Note the price position shown in the BTC market.
EOS Bottom ?EOS/BTC Bottoming?
Difficult to answer accurately, but we can nevertheless see that EOS is currently operating in an upward triangle configuration, which is generally a bullish figure.
Technical indicators on a 4-hour horizon are beginning to show signs of reversal and they are positive on a 1-hour horizon.
What are the possibilities?
if the oblique support holds, the first target will be 38206 first, the resistance of the triangle to 40160 then and 42212 in extension.
If the bracket does not hold, the next brackets are at 34586, 33186 and 30628.
Stay safe!
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.
EOSMajor coins are showing the same trend as BTC is trying to change direction.
I will look at the short and medium term.
-EOSBTC-
Prices remain flat.
It is located in the mid to long term investment area.
If prices remain flat, I think if the MACD rises slightly, upward divergence will occur and it will gain strength.
-EOSUSD-
It has risen above 2.6883 and is located in the mid- to long-term investment zone.
If you are touching the short-term uptrend line, you should check if you can support it.
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When the flow of the BTC is about to shift, unfortunate things can happen if it falls to 0.00031194 at EOSBTC or 2.6883 at EOSUSD.
EOS BTC Long hasta la media de 200 periodosDe acuerdo a los patrones de la gráfica las curvas y las medias móviles tengo estimado el toque del precio con la media móvil de 200 periodos entre el mes de diciembre y 31 de enero.
Teniendo como estimado el precio de 0.00045 para cerrar la posición.
Si cruza la linea punteada de abajo podemos caer hasta .0004400 antes de seguir subiendo a la media de 200, procuro tener mi precio de liquidación en los .00030~32
EOSLet's look at the chart in the mid to long term.
Added a chart of EOSBTC.
Three important points stand out.
Key points are 0.00031194 points, 0.00051560 points, and 0.00071840 points.
It will take more time to complete the low price.
If the 0.00031194 branch is broken and the price falls, I think it is going into a very long term investment area.
Must be supported by the 0.00031194 point.
If you go up, the target is 0.00071840.
However, we believe that EOS is a coin that can make a profit anytime with a fluctuating coin.
It is located near the point 2.6883 to be protected.
I'll have to climb above the 2.6883 point.
If you ascend above 2.6883, the inflection date is around December 30th.
The day when the downtrend line meets the 2.6883 point is considered to be around February 3.2023 and higher.
We need to check if we can rise above the downtrend line and the uptrend line.
Automating the RSI to profit from volatilityDesigning your automated strategy
For today’s analysis, we have chosen two markets: XRP/BTC and EOS/BTC, a couple of the most liquid BTC trading pairs.
We have selected 1 hour candle size and the indicator RSI With Region Crossover . First of all, let’s understand what this variant from the RSI will do in our strategy:
RSI with region crossovers gives the user the option to open or close positions only at crossover with the oversold and overbought thresholds, not when the RSI enters, for example, the oversold zone, but when it exits it. In this way, your bot will only open positions once the price is oversold and is recovering positive momentum (the price is going back up).
Whit this setup, we want to open positions once: 1st. price has fallen quick enough to be oversold and 2nd the price is crossing from the oversold to the neutral zone. Therefore, it open positions when the price is more likely to go back up.
Chart
As we can see in the chart, The bot would have open positions once the RSI goes from the oversold to the neutral zone. Then, having more chances to get a positive trade.
The green circles represent the buy zones and the sells would depend on your take profit, trailing stop-loss or strategy.