EOS: Buy by breakout OR Sell from a resistance ? Hello, Traders!
Monfex is at your service and today we overview EOS/USD .
A week ago, in one week the number of participants in the EOS network fell by 43%. But EOS continue to grow.
Now EOS under and near the resistance line of the big descending channel and it's can be signal to sell. Also we have key resistance level by breakout of which we can open long position. By breakout the local support line EOS can reach main support zone.
In case of breakout 61.8% Fibonacci level at daily chart - EOS open target of 38.2%.
The local resistance zone ~ $3.60-3.70
The local support zone ~ $3.50-3.425
Supposed Trade Signal by EOS/USD
Buy by breakout $3.70
Take profit ~ $4.25
Stop loss at $3.535
Market Cap
$3 314 521 826 USD
Volume (24h)
$2 266 832 638 USD
Circulating Supply
939 683 825 EOS
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.
EOSBTC
$EOS, Retested and flipped into support ~38k sats...$EOS
Retested and flipped into support ~38k sats with UCTS buy signal on the 12H & 1D
If it has continuation (volume + HH), then aiming for 42k / 47k sats as targets
Make sure to enter as close as possible to invalidation level to minimize risk & maximize profitability
#EOS
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Sideways trend appproaching resistanceEOSBTC is moving in a sideways trand between 0.00031 to 0.0004. If It breaks the resistance at 0.0004 we may expect a bullish trend. But the volume are not supporting the up trand. So I think the price will probably bounce again in the area of 0.00035 in a short time perios
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
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EOS/BTC - Is Another StoryBTC pair of $EOS is another story. This would mean that EOS will lose 45% of it's current value against BTC before it can recover.
Losing
> 0.00030425 ~ 0.00029616
First warning
or
Bullish case reclaiming 0.00041299
Well keep you updated as this timely issue evolves.
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$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
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**EOS has something to offer**Hi, Traders ! Monfex is on the air !
EOS Bulls have broken through the Resistance at $3.40; now the price is retesting this level from above.
* EOS seems to be losing traction after a short bullish run to as high as $3.70 level.
* At that point of reversal, the price has faced with the upper band of the mid-term descending trend channel.
* It is now well-supported from below, with: strong horizontal support at $3.40 and 21 Daily EMA at $3.30.
* Hence, the bearish scenario could be validated only if the price closes below 21EMA.
* But we think that $3.40 will be successfully maintained with the Bulls recapturing the initiative and driving prices to the next target area of $4.20 - $4.50.
Pending trade signal
Buy @ $3.40.
Target area: $4.20 - $4.50.
Stop-loss: $3.25.
Watch for our Updates to get real-time superior 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 cryptocurrency or cryptocurrency product. 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.
#EOSUSDT #EOSUSD #EOS I would say anything below 3.0 is a good buy to hold for couple of Months, However Price is still in Downtrend and You cant be 100% sure to buy it to go all in, Keep your Risk Managed while entering into it, I will consider it to be in Uptrend above 4.2 Only and will target 5.5 - 6.85 In that scenario. However below 3.0 also looks a descent Entry for mid term.
EOSZ | Crab Pattern CompleteHi Guys,
Crab Patter Has been Complete along with RSI Divergence and Rising Wedge and Price Action Sell Below the Bin Par Candle.
$EOS, Testing once again the descending channel..$EOS
Testing once again the upper trendline of the descending channel..
Currently matching both EMA50 & resistance level at ~38k sats..
UCTS is still on a Sell for 1D & 2D TFs
Only interested on a long position if it is able to cross & flip it into support...
Set alerts!
#EOS
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EOSBTC Diamond Pattern| Breakout Imminent !Hello Traders!
Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent…
Points to consider
- Trends is overall bearish
- Local support and resistances are posed by the diamond formation
- Structural resistance in confluence with diamond bull break
- Stochastics trading neutral
- RSI approaching apex zone
- EMA’s neutral, no clear direction
- Volume declining
- VPVR decreasing in transactions in both bull and bearish direction of the diamond pattern
EOS macro trend is considered to be bearish, putting in consecutive lower highs as it entered into to current diamond pattern. Local resistance and support of the diamond pattern are converging, coming closer to its apex; a break will be imminent in the near future.
Structural resistance is in confluence with the technical bull break target of the diamond pattern. A bear break target will however post new yearly lows for EOS, a break in either direction is imminent, we just need to wait for confirmation.
The Stochastics is currently trading neutral, momentum is stored both ways for the bulls and bears, we don’t have a clear direction as of yet. The RSI is however approaching its apex; a break will come to fruition which will be in confluence with the actual price break from the diamond pattern.
EMA’s are quite neutral with no clear direction; price is clearly trading through it. A break will establish either support and or resistance for the EMA’s, this will obviously be in confluence with a bull and or bear break.
Volume is declining, low volume suggests that a breakout is coming; we need to see an influx of volume with follow through to avoid a false breakout. The VPVR is quite interesting, volume of transactions have decreased both ways, this signals low levels of resistance posed by the VPVR when price breaks its apex…
Overall, IMO, a break from this pattern in either direction is very close, with concessive targets. We have volume declining as price comes closer to its apex, an influx of volume is more likely to come to fruition which will signal the break from the pattern.
What are your thoughts on this diamond pattern?
Please leave a like and comment,
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
EOS is faced with the strongest Resistance!!Hi, Traders ! Monfex is at your service !
The Bears prevent EOS from rising above $3.40 - $3.50. Strongest Resistance!
* In the meanwhile, EOS remains the top crypto in the 14th Chinese updated Crypto Ranking published by the China's CCID Research Institute. The Ranking features 35 coins and gives each Blockchain project a separate score based on its technology, applicability, and creativity.
* Technically, EOS resides between the 21 Daily EMA on the underside and the strong Resistance from above = $3.40 - $3.50 level is hard to surmount.
* Under such conditions, the Bears could easily double down on the price prompting it to retest the ultimate (visible) Support at $2.70.
* In case the bearish pressure appears overwhelming, the price could be forced down to new minimums at $1.50 - $2.00, but such scenario doesn't look viable, as of now.
* For the time being, we are looking at yet another bullish attempt to break higher, and if it falls flat, we could try entering Short in anticipation of a $2.70 retest.
Pending trade signal
Sell @ $3.40.
Target: $2.70.
Stop-loss: $3.67.
Watch for our Updates to get real-time superior 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 cryptocurrency or cryptocurrency product. 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.
$EOS, Bouncing on a descending channel on HTF$EOS
Bouncing on a descending channel on HTF
Waiting on the sidelines
A potential short opportunity can be opened at upper trendline/~38k sats retest
While crossing above it, flipping R/S will change my bias into a bullish one
UCTS on the 2D is usually clear on this asset
#EOS