EOS/BTC - SWING TRADE Hi, today we are going to talk about EOS/BTC
We observe a daily chart , some important points such as supports and resistances (and levels of strength). The details are highlighted above.
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EOSBTC
EOS is set up for a rise !Hi, Traders ! Monfex is on the air !
Our today's pick is EOS - cryptocurrency designed to support large-scale applications.
* EOS's network is expanding further with one of Spain’s largest travel agencies - Destinia to include EOS in its payment options.
* Technically, EOS is speeding up the recovery after falling by more than 1$ (30%) in price - from $3.80 to $2.70.
* Considerable volume is registered on the sharp sell-off. After that, the price found the short-term balance and consolidated at $2.70 - 2.90 level. The new bullish wave is expected to start off from this level.
* MACD shows strong bullish divergence between the bottoms of Mid'July and End'September.
* According to the main rules of a trend initiation, EOS is currently gaining motion on the way to the 1st target at around $4.00.
* We expect EOS to be among the top-picks - cryptos that could shoot up significantly in the mid-term.
Active trade signal
Buy @$3.00 - $3.20.
Nearest Target: $4.00.
Stop-loss: $2.60.
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.
$EOS, Trying to break from descending channel as it crosses ~38k$EOS
Trying to break from descending channel as it crosses ~38k sats level..
Volume starting to rise
UCTS Buy signal active on the 12H & lower tfs
RSI reaching overbought // Crossed EMA50
Looks good, if continuation happens ~41k // ~47k as targets
Always SL under support!
#EOS
EOSBTC - 4H LONG IDEAEOS/BTC is looking bullish on the 4H Timeframe, along with other major altcoins. EOS/BTC is trading inside an Ascending Triangle on 4H Timeframe - which is bullish in nature. Breakout is most Likely.
Trade Signal:
Direction: LONG
Entries- 0.000034-36 BTC
Exit- 0.00004-42 BTC
STOP: 0.000032 BTC
Timeframe: 2-5 Days
SHORT EOSBTCIve never seen a more obvious short than this. I mean nothing is 100% but it is certainly within my risk parameters. I have been short shince yesterdays second spike so I am grateful I got in 3% higher thus decreasing the already low risk but this is great as well. I just got my confirmation.
God Speed,
Mr. Manbearpig
EOS: Perfect Bear Flag EQ, Break Coming!No video on EOS (because no one cares frankly), but personally EOS is my choice of trade for the current Bear Flag that we have going on with all the Major names.
Clear resistance zone above, 2.93 and 3 Dollar psychological, clear higher Lows at 2.81 to the downside.
Downside potential is huge still: We could go to the previous Daily lows (with the wicks) or even up to 2 Dollar psychological, depending on where BTC will make halt (at 7,5k e.g.).
If you wanna trade EOS short/long on leverage: Bybit is currently the best exchange with the most liquidity. Sign up quickly get your free trading capital, 4 days to go! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
EOS oversold ?EOS after huge crash. Possible rebound to EMA 50 level. EOS RSI oversold level. MACD bullish crossover but still bellow zero line, need more confirmations. EOS hold above new trend line. Candlestick pattern drawing 3inside up pattern.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
EOS: DESTROYED!Hello dear EOS traders, and let's talk about my favorite trading coin! ;) EOS got completely crushed, but unfortunately my focus was on BTC solely. In any case you could've made amazing profit. Edgy is now partnering with Bybit to offer you those shorting capabilities. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
$EOS, In a descending channel..$EOS
In a descending channel, Sitting at Lowest value of 2018 & 2019..
Found some buying volume as soon as it touched this level but at least for now not looking very good
RSI at oversold levels (bearish)
Failing to hodl current level should lead to ~20k sats (30% drop)
#EOS
EOS - Double Bottom is coming?EOS has pulled a bearish about-face since the Voice announcement on June 1st with exchange volumes dropping drastically over the past eight months.
Bitfinex EOS/USD long/short open interest is currently 89% long with long interest ranging near record highs and shorts rising slightly over the past month (top panel, chart below). This large reduction in short interest mirrors a reduction in short interest on Bitfinex for BTC on the same day. A significant price movement downwards will result in an exaggerated move as the long positions begin to unwind. Additionally, there is a mild bullish RSI divergence suggestive of weakening bearish momentum.
Trend metrics for the EOS/BTC pair continue to suggest a bearish picture; price is below the Cloud and the 50-day and 200-day EMAs remained bearishly crossed since June. Bitfinex EOS/BTC long/short open interest is currently 36% long (not shown). A significant price movement upwards will result in an exaggerated move as the short positions begin to unwind.
EOS has led the numbers game in terms of Dapp activity and transactions per day for months. However, further investigation has shown that 75% of these transactions may be bot activity. Total transactions per day on the EOS chain are likely a fifth of the reported five million. Because transaction costs are free on the EOS chain, this is no surprise. Additionally, the current EOS full node size could not be determined, but the chain has very likely developed further blockchain bloat beyond the 4TB discussed earlier this year. Many functional full nodes are important for a network to maintain decentralization and to continue running smoothly. Sooner rather than later, EOS will need to deal with the growing burden of both blockchain size and bandwidth requirements.
Further risks of centralization on EOS comes in the form of the BP governance system, which is absent in many other blockchains and, for many, is antithetical to crypto ideology in general. Even when functioning as intended, unless all 21 of the BPs have an updated blacklist, a compromised account can still slip through the cracks, and an automatically enforced blacklist could be described as censorship.
Technicals for both the EOS/USD and EOS/BTC pair show an active bearish trend with both pairs below the 200-day EMA and daily Cloud. Since the Voice announcement on June 1st, both pairs have fallen over 60%. Mean reversion
EOS/BTC, two scenariosIn the past days, I wasn't able to trade and i missed the whole movements of altcoins... Today i started to analyze again and i saw these monster bullish divergences we had on eos/btc and in a lot of altcoins. So what to do now if you miss this train?
As always i show two possible scenarios with some levels to respect.
- Bullish scenario
Eos is going on a very hot zone. Today touched level 0.618 of fibonacci and got stopped. I think that if Eos will break the dashed line and the yellow circle (4300-4400 area), could rise to the blue rectangle, 4800-5000 area. The yellow circle is an hard area to break... here we have level 0.705 of Fibonacci, the bottom of Ichimoku cloud, and the MA 100 (blue line). So probably from this area, eos will have a pullback, but once that the area has been broken, i think will reach 4800 with no difficulty.
- Bearish scenario
Mfi and other indicartors look like have topped. On lower timeframes, there are some bearish divergences, so could be the time for a retracement!
On my mind the short signal will be given by a fakeout of the black dashed line. I think could reach 4200-4300, then dump.
Targets for the short are on the chart
EOSIn Weekly chart we formed falling wedge and we still inside this pattern, so first we need reach resistance line at price around 0.0004800
In daily chart we can see down trend channel. We touched support line of channel and moving to midle line at 0.0004500 area also at this price we can see MA100
In small time frames we can see how we going in uptrend channel and now we below midle line of this channel. We can test again support line and go to resistance line of this channel
eos chart analysiswell after upgrade it is dumping, it could be sell the news, but it happened much earlier than i expected.
Maybe market have learned sell the news enough so people are selling it much before now.
anyway eos lost daily uptrend not it seems bad, just want to know if there is any good news.
wait till it actually pump with volume and get in.
btc seems like it might fall below triagle so keep that in mind
EOS at supportDon't feel too much bullish about EOS despite hard fork it has. But in the end, all depends if current support at 3.7-3.75 will push price up, or let it through. Bouncing would be a very good signal for new uptrend and even if not, it will still be able to get to 3.88 - 3.97 - 4.05. If break down, next support at 3.55 should bounce the price.
EOS/USD: Two ScenariosTwo scenarios for EOS/USD: Since EOS acts as high beta version of BTC again, we can either a) Build this inverse H&S pattern if BTC breaks the current neckline of its Hourly i. H&S higher.
Or b) if BTC fails to break higher, we can just retrace lower from here into a potential Bear Flag:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.