EOS has formed a triangle and BAT | Upto 228% profit expectedSince Feb 2018 the priceline of 7th largest cryptocurrency EOS moving within a triangle.
After Dec 2018 the price action is hitting the triangle support.
The candle sticks are also hitting the bollinger bands lower band.
The stochastic went in oversold after Jan 2019.
In the meanwhile the price action also formed a bullish BAT pattern at the end of triangle and sofar no candle stick has closed below the potential reversal zone.
I have taken the complete price action of BAT pattern and also the complete triangle within a fixed range of volume profile and both are showing very weak interest of traders at this area.
The price action will be reversed from this potential reversal zone of BAT soon insha Allah and this can lead upto sell targets of complete triangle.
So there are two sell targets I have defined one is for BAT pattern and other one is for complete triangle and those targets are as below.
Buy between:
0.0006169 to 0.0005489 (even you can buy upto the support of triangle)
Sell targets for BAT pattern: 0.0007786 to 0.00102152
Sell targets for complete triangle: 0.00114704 to 0.00199136
Regards,
Atif Akbar (moon333)
EOSBTC
EOS/BTC - EOS might be making an impulsive wave 1.Hi!
As Bitcoin is consolidating it may be an opportunity to the alts to peform after been correcting since Bitcoin's dominance were sucking alts powers.
This is a correlated idea about Bitcoin's dominance that you could check it out:
Neo were one of them that been showing so much strenght.
As you can see in the chart we can test the trend channel, I've bought a small position at 0.0003949, if prices stays above 0.0005000 and I don't get stopped I will make another buy on that zone until first target at 0.0006900.
This is a swing trade and so you got to deal with every correction between the target, to so is really important to keep protected use stops to meansure your gains and avoid loss.
STOP LOSS:
0.0003335 (-15%)
(I've started small, if I loss -15% it won't be a problem at all. Never go all in)
STOP GAIN:
0.0006920 (+80%)
Keep it simple.
****
Manage your stop according to your risk management. This is not financial advice.
Potential Triangle Breakout - Long EOSBTCThe same pattern. Higher lows, lower highs.
Entry: Put a Stop Buy on the high created on 20th of July (.0004159|+P)
SL: HL (.0003731|-P)
TP: *
Setup conditions:
H created today must be under yesterday’s H! therefore wait for a today’s close.
Setup invalidation:
LL will be created
*I do not like TP on trend-following strategies – let the winners run!
If you have any questions about risk management or whatever, do not hesitate to contact me.
SystemFollower
You can read more about me as well as about abbreviations/ideas (*) used in this description at the link below.
EOS Token Looking Bullish (Over 180% Possible on 6X)EOS Token (EOSU19) is looking bullish to us...
Green volume is increasing.
RSI and MACD bullish.
Trading above EMA10/50.
All targets marked on the chart.
If EOSU19 manages to close above EMA50, it is very likely to move up. If it closes below, it can retrace/consolidate further before the next move.
Do you think EOS will move?
Share your thoughts in the comments section below.
Namaste.
EOS Technical Analysis: Change in Bearish Trend on the Horizon?Conclusion for today’s EOS technical analysis: The current downside potential for EOSBTC is limited and should be followed by a bullish swing in price.
The 6 hour timeframe candlestick chart of EOSBTC is presented using a log scale. Context is provided for price action to current date since inception using a bearish channel (tentative).
Also indicated on the chart is the bearish price channel previously active since June of 2019 prior to break out in price on July 17, 2019. A breakout from the bearish channel is bullish. However, formation of a pennant patter as highlighted on the chart following breakout does suggest a continuation of the current downtrend.
A close below ~0.000379 will further strengthen the bearish bias. In such a scenario, ~0.000309 (the lower boundary of the major bearish channel) would be anticipated as target for price action.
Price levels to watch out for resistance on resumption of a bullish swing in price from the bottom includes 0.000429 and also 0.000534.
EOSBTC one more lower low is necessary it seemsOn EOS against BTC, the corrective move doesn't seem completed yet. We just finished a wave 3 of wave C. So i expect a few weeks of sideways move here before we resume the downtrend for our final leg to the downside.
Once completed, i will be very interested in longing this. Probably near this end of the year.
EOSBTC is poised for those with patience — Price OscillatorEOSBTC is showing signs of parabolic volume surge
Targets 1 to 3 and stop limit posted on chart above.
Which alone is not enough of an indicator— being on the 2H chart with a huge red candle on anything smaller; thus confirming this is a most likely mid to long position.
If you are a lower EMA forex trader or dare I say if...a day-trader then I can only surmise one of two things either you are the complete noob who is still trying to learn the hard way that you might as well be gambling (At least that way you’ll have fun before you get robbed) Or you’re a complete pro with a developed bid bit, who over the course of trial and error and several years experience, have developed a systematic formula for effective day trading and in only those two cases
would you often see day trading done regularly as a primary form of taking profits as we all know market volatility and transaction fees alone would render the entire exercise, with all time and effort allocated (especially when you’re often right on entries) just to lose whatever small amount of profits to goddamn transaction fees...
It’s for this reason alone that I wouldn’t recommend anything lower than EMA 12 for exigent circumstances EMA 8 but on a general basis with sideways priceaction: I.e. 99% of the time, EMA21,
EMA50 is your best bet.
It can be absolutely nerve-racking...like watching paint dry , but often proves to be the most effective and profitable trades ever made; a common expression you may or may not have heard, “The best traders often make no trade at all” and It’s times like that one the best thing you can do for yourself and your portfolio is to turn off your phone/alerts so I should stop losses and go have a fucking drink and chill out before you break rule number #1 and start to #FOMO / #FUD!
Which is in direct violation of rule number three or four I forget which one but it states “never trade with you or gut! Only use your head!”
If you want a copy of the 10 crypto Commandments just DM me and I’ll be happy to provide you with the link to the post but I must warn you it is “TLDR” so If you are developmentally slow and cannot read I would not suggest it besides it is long overdue for an update though has been my Bible in swing trading since 2014.
You would be remiss not to take note of the price oscillator.
This is what I am convinced of the second indicator, with the first being rapid volume
Disclaimer
Last 5-10 Ideas have been accurate but last five specifically have been very on point and with all trades closed, I have managed to successfully pinpoint The right time frames and the right exit points.
Sometimes I wish there were duplicate versions of myself because there aren’t enough hours in the day for me to post all the publications with this circus freak show you call a brain inside a wizards wisdom filled mind. With that being said trade wisely and responsibly! this is not financial advise but If you so choose to take it as such c’est la vie it’s all on you brother or sisterz!
-@a1mTarabichi
Is EOS The Best Tradable Crpyto Asset?Hello dear EOS fans & traders! In this special analysis, I'm going to show you why in my opinion EOS/USD is the best tradable crypto asset, with the clearest levels, which makes it perfect for Breakout-trading. I'm gonna give you quite a few breakout examples since November last year. Have fun watching! ;)
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Edgy is providing online mentorship & trading metrics 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.