eos/btc updateIn my previous analysis i posted 2 possible scenarios: i was more bear than bull on eos so i shorted and closed with a small profit. I closed because i see here a better opportunity to short.
Ichimoku and MA are bullish in h4, but MFI and squeeze momentum are forming bearish divergences.
What i expect? I think that eos/btc could reach 4300 area in 3 days (23-24 september), then could drop.
My first target for the short is 3800-3600.
I will update if will reach 4300 in the next days.
As always, alts movements depend on btc!
EOSBTC
what is EOS doing?After dumping it seems like everything elsee went up except EOS. I thought EOS would be leading indicator, but not now.
However, I will stick with my plan buying eos slowly because we got more space to work on upside for eos.
Eos is about same level as other coins because it pumped first and then went up slowly when everything else got pumped.
if It doesn't go up in next 4 hours, then i will take a look at it again.
EOS: Perfect Breakout! But Be Cautious!EOS just saw a perfect breakout that I had already posted in our group. But be cautios: Grandpa BTC hasn't broken the Daily EQ yet, and a bear break here could turn things around very quickly. The EOS will depend on the BTC bulls to break bullish in order to reach 4,50. Have fun watching! ;)
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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.
wher eos is headingeos is now flying in red resistance cloud in ichimoku chart.
which means it is hard to go straight up. It will swing up and down a lot more than other coins.
eos and eth are leading indicators for altcoins, so we should hope for eth and eos to be strong.
we have hardfork coming in 23th so people would want to buy the dip, so if you are in position.
hodl tight until ur stop-loss is triggered.
if you are not in position, then right now is not a bad time to join the party but may want to wait
for one more drop. or put half in and buy when it drops or when it is about to break last peak position.
check out threads and press like button and follow if you want more analysis.
Bitcoin dominance looking weak. Altcoin party on the way..The Bitcoin dominance chart is looking very weak.
- We had a longterm BIG bearish divergence on the daily building on the recent move up.
- Higher timeframes (2D+) looking like a rising wedge.
- The divergence is close to playing out in a downward move.
- We see a kumo breakdown on the 4H (pssst, my body is ready.)
This could be THE spot where crypto markets get very volatile. The big question is: What does this comming breakdown on BTC Dominance mean for the crypto market as a whole?
It could mean:
- BTC breaks down from its meme descending triangle, which will cause dominance to drop. This would mean total BTC cap drops relatively faster than the altcoin cap.
- BTC breaks down from its meme descending triangle and the total altcoin market will pump > This means dominance will break down faster than in my first example.
- BTC goes sideways or pumps AND total altcoin market will pump / pump harder than BTC.
If we look at the Altcoin market cap/BTC chart (not included) we see that MAJOR support is upcomming in the form of a diagonal and horizontal support that cross eachothers paths.
My guess is, that this support OR the 61.8% fib level (another 18% drop on total altcap) on that chart will mark the reversal in the trend of the total altcoin market.
Conclusion: Matching the altcoin market cap with the bitcoin dominance chart suggests that a big altcoin market move is comming up: Short the corn, Long the bluechip alts like ETH, LTC, XRP, EOS and ADA.
Good luck!
$EOS, Pushing to ~38k sats resistance level $EOS
Pushing to ~38k sats resistance level (matching EMA50 & ichi cloud) with increasing volume
If manages to cross over/Flip it into support, then we can aim for a new leg up to ~47k sats on the daily chart
UCTS Buy signal on the 12H & lower TFs
RSI bullish
MACD bullish div
#EOS
EOS: Strongest Alt Right Now!Hello dear crypto friends, hope you're enjoying your weekend! ;)
EOS is clearly the strongest major Alt right now, and therefore we're gonna look both at the Dollar & BTC pairs. 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.