EOS WAVE 4 RETRACE TARGETHello Traders,
My EW count would suggest EOS is in the middle of a wave 4 retrace and currently looks to be inside a descending triangle/bear flag. My target for this wave 4 retrace is the Daily 200MA.
Nearer the time I will be looking for oversold conditions on the RSI and change of momentum to help further identify the bottom of this corrective leg.
EOSBTC
EOS/USD: Weak! Like The Other Alts.Have a look what happened since the last analysis, before I take the drawings away:
=> We saw a breakout out of the Descending Triangle, but no follow-through whatsoever. The reason is because grandpa BTC lead that breakout, and all the attention is on him, in the direct correlation EOS/BTC we're getting completely smashed:
Right now we're barely holding the bottom support:
Conclusion: I will either play LTC or EOS once BTC corrects. EOS has clearer levels, but it's primed for getting smashed down.
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 Crypto Analyses! I wish you a good trading! :)
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.
EOS: Currently The Best Setup in Cryptoland!Hello dear crypto friends, imo EOS has currently the best setup in Cryptoland: We have a clear 4H descending pattern . We have now even tilted slightly to the upside at the bottom, which is always more bearish than bullish.
What does it mean?
If Bitcoin is going to break bearish, I'm definitely going to look towards playing EOS, simply because of the clear levels & downside potential this gives. Sure we can still break bullish with EOS, but in this case I wouldn't be playing EOS, since BTC is much stronger currently.
Correlation helps you to understand this. Playing EOS bullish would only make sense, if we see a strong bounce going on in the direct correlation EOS/BTC, which is at crucial support right now, and so far not seeing the bounce going:
I also like the target zone very much, which we can see perfectly on the Weekly chart:
We have the clear zone of 4.5, but before that 5 Dollar psychological, which could already see a reaction from the bulls. Depending on how far we go, we have beautiful 15-22% profit potential.
Be careful with the wicks though! We can always break out until the wicks, and just make a U-turn. This would be called a fake-out, and bigger pockets always like to fake-out retail traders to fill their own positions.
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
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.
EOS: Descending Triangle on 4H! Break coming!Another candidate that I had looked at extensively with my mentee Richard today was EOS: we have a clear Descending Triangle on the 4H .
If we look on the Daily , we can clearly see how crucial the current stage is: A downbreak would lead to 15-22% profit on the bearish side.
A break to the upside will lead to the previous S&R zone of $6.7, giving at least 14% profit.
Conclusion: If you are a real trader, who can trade in both directions, you can play either break here. EOS will highly follow BTC's break, so you have to closely watch BTC's price action. See my today's analysis:
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
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.
[EOSBTC](148%) EOS Token Full LONG Trade @AlanMastersEOS Token (EOS) Overview
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. EOS (EOS) is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. The EOS software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
EOS Token (EOSBTC) Chart Analysis
EOSBTC just hit a new higher low and is forming the shape of a “V bottom”, it has the potential to move up from here.
The chart is self-explanatory, let’s move straight to the trade.
EOS Token (EOSBTC) Full Trade
Buy-in: 0.0005100 – 0.0005600
Targets:
(1) 0.0006480
(2) 0.0007420
(3) 0.0008970
(4) 0.0010080
(5) 0.0011480
(6) 0.0013000
(7) 0.0013900
Profits potential: 148%
(Buy-in calculated at 0.0005600)
Stop-loss: Close weekly below 0.0004000.
Capital allocation: <15%.
HARD WORK IS REAL
It is wise to work smart nor hard.
Thinking before taking any action is one of the best tools we have to grow and achieve what we want.
Planning is perfect, is normal, is necessary…
And so is dedication.
We have many options available when we want to succeed.
But when it comes to results, hard work is real.
Namaste.
EOS Trading Plan 02.07: Crucial S&R ZoneHello der EOS traders, let's have a look at our last analysis:
We had looked at that bearish upward channel, which saw a nice breakout, completely overshadowing our take profit zone of 7%, giving up to 20%.
Now EOS is at a crucial Daily & Weekly support of $5.70. Either we have the chance for a Bottom-fishing play here, buying the support and betting that we will reach the target of the previous Daily EQ zone of $6,5 with the purple lines, giving 13% profit.
Or, we will see a bear break of the bottom at $5,55-5,70, reaching previous S&R zones of $4.85 and $4,5, giving 15-20% profit respectively.
Since EOS is a high beta version of BTC, the direction we break will highly depend on grandpa Bitcoin. In the direct correlation we have reached the Weekly important support of 5k Satoshi. The bulls could bounce up to 7k Satoshi. Any action under 10k Satoshi is only a lower High on the Weekly, and wouldn't change the trend towards BTC.
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 Crypto Analyses! I wish you a good trading! :)
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.
EOS: This is Trading!Hello dear EOS traders!
Once again, EOS proves itself to be one of the best & cleanest tradable coins in cryptoland - if you're a real trader.
We broke down the last channel, giving even more than the promised 7%, more than 14% profit potential. I'm only counting from the real tradable break, of under $7 psychological, up to 6 Dollar psychological. We first had a fake-out without much follow-through, be the eventual break blasted in like a rocket, once grandpa BTC couldn't take out the $14k.
Depending on BTC's strength we now have the potential to run towards $6,50, but for this scenario you should already be in the trade. To the downside the range of $5,7- 5 psychological is an important S&R zone, which will not be easily crushed.
Conclusion: The break of the channel was the best trading opportunity to the short side! Congrats to all the bears who played this. => now it's time to wait for clear patterns to develop.
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
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.
EOSBTC LongHi guys its Brian here. EOS is currently at a major support level where price has bounced off it and went on to make a strong upward trend.
Very good risk to reward ratio if putting stop loss just slightly below the support in case it doesn't hold and price breaks below it.
Conservative target has been placed at the next short term resistance but you can aim for much higher depending on your holding period and time frame.
www.brianchai.com
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EOS - Case For Bear EOSUSD SHORT 1D - Ascending Broadening WedgeHere is a case of a developed ascending broadening wedge pattern. Typically, the price returns to the level at which the pattern developed. (see 1.a) We see a bounce off of the .618.
Stop would be set above .718
Fibonacci Extension
1.00 = Target of $4.95
1.272 = Target of $4.25
1.618 = Target of $3.30 (pattern would be completed)
EOS has started wave 3 upHi All
I am sorry i didnt post this sooner, as I both sold at the top and re-entered at 7100.
Well, now we have at least finished wave 2, and started wave 3.
Wave 3 is usually the most violent one, so I believe it is a good entry still.
Im not sure we will see much retracement.
EOS is coming with some big news in june, quote Dan Larimer.
Remember in the past bear market, around 1 year ago, eos BLASTED upwards.. How will it behave in a bull market ? Oh, behave !
I have here only drawn a boring next possible stop, but if you are a HODLer as well as trader, HODL some for new all time highs, or remember to Re-enter.
do your own research, this is just my current view on this stuff. My view is that EOS is one of the big ones the next years.
EOS double parabolic shapeJust before the bitcoin dump we had an hour ago, i posted this chart in my channel and was about to write an analysis but then things went pretty fast. It doesn't change a lot now, so far just a small drop. But it did break the bullish pattern so 2 options now.
1) We continue to drop and a lot when looking at the chart on the left. There are a few support levels in between as we can see on the right, but if we get to see a high volume dump when the 6.8ish breaks, there is potential up to 5.0 even.
2) We don't make big drops with high volume, but move sideways/down out of the curved line on the left. If that happens, it will become much more likely that it doesn't want to drop and we could see it move higher again after this correction ends.
In the mean time, as long as we stay below the 7.2ish, bearish pressure remains. Bull need to break that level to take away the bearish risk that EOS has at the moment.
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