EOSBTC FINALLY STARTING TO REVERSE? After a 53% drop in price since mid Feb EOSBTC is finally starting to show signs of reversing from its non-stop downtrend, what comes down must go up.
On the 4HR TF we are seeing a Sym triangle forming with potential bullish play to the upside if broken & retested triangle as support, this is currently supported by
a change in market structure, from consistent LH/LL's to now forming a HL & potentially a HH this could be the deciding factor for EOSBTC in the coming few days.
Short term bullish play;
Would need to see a clean break of upper trendline in Sym triangle broken then re-tested as support, with short term TP at 2895 on previous high structure.
Long term bullish play;
Once HH structure has been set in stone, will be looking to take long positions on the next HL pullback. If bullish momentum does play out I will be updating this chart
with my entry positions, SL's & TP's so stay tuned !
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EOS BTC - EOS sitting on strong support 20% gainsHi.
We are looking at one of the top cap Altcoins - EOS.
EOS lose some steam due Bitcoin crazy ride, but it stopped right where the really strong support is. That support line holds from September 2019, so for now it was a great accomulation zone.
There is also a reistance trendline which EOS will try to break in the following weeks. From that, there are no middle resistances. So this could bring us 20% gains.
However I would suggest to put stoploss at ~ 32833 sats, if Bitcoin decides to make another parabolic move.
EOS H&S IdeaEOS can be seen to be showing some bearish movement, following the formation of a H&S pattern, this comes after a inverse H&S also formed. This can be seen to also be occurring on the BTCUSD pair. The alligator can be seen to be eating bearishly and green line will most likely be rejected at the pink line, while more bearish action takes place. A return to a previous resistance turned support is likely. Bear flag also present! Don't wait for lower prices, go long in a market like this. Very unpredictable. For margin, leverage traders.
Where Are The EOS Bulls At? - Breakout Is ImminentTwo charts that explain why I'm super bullish on EOS/BTC
1)
- The EOS price has broken out above 40k satoshis on January 14, and the rally lasted until February 14. Since then, the price has returned and avlidated the breakout level. This is a very common movement that leads to another upward move the majority of the cases.
- In addition, there is even more support given by the 200-day MA. The price has reached it twice and created long lower wicks each time - another bullish sign.
2)
- The 6-hour chart is also bullish and shows a descending wedge that has been created (bullish reversal pattern).
- In addition, the RSI has generated significant bullish divergence throughout this pattern.
- All of this is happening inside a crucial support area, so a breakout feels at hand.
- The first & second targets are at 46,000 & 53,000 satoshis.
EOSIO - $EOS - Activated TOTHEMOON.exe And RELOAD BOSTER.exe $EOS crashed 35% since after a cycle high.
Ideally, it needs more time but we found support at the 50% fib of (iii) Meaning this can easily be an (iv) subwave finished. If true, this means that we'll see a swing higher over time. Taking out the current $5.5 cycle high.
And there she goes.
Let it play out...
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Actively Buying The Dip In EOS !!EOS has quite the habit of shaking out soft hands by expanding volatility in large manoeuvres with smart longs covering (see diagram below) and then actively buying at cheaper levels. Buyers had some nice gains and this healthy profit taking was logical and I can see why a retest of $4.50 was justified:
Although time-consuming, the operation is based on shaking out the impatient. The breakout took place at the end of last year which we traded:
The auxiliary troops from BTC have been brought over into EOS and other major Cryptos, those sharp enough last year who smelt the trend changing before mainstream media are rewarded favourable, while late money struggles to get to grips with the environment we are trading.
Chasing a fleeing enemy:
Buyers had the favourable end game here, their break obliged retail to concede fomo moves and hence the shakeouts. At an advanced stage in the swing, specifically when a fast hand is important, the process of squeezing can be seen from quite a similar angle:
This brings to an end the chapters on our EOR swing; in conclusion there have been some great opportunities to ride the pig, and a schematic illustration of how to cover and fade exhaustion.
Good luck all those buying dips in EOS and BTC next week, don't forget to keep the likes, and comments rolling!!