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EOSETH

EOSUSD correct to $7.2-6.5 before further gainsIn the long term, I believe EOS is extremely bullish. Nevertheless, it's overextended and more corrections may be coming. We can observe bearish divergence in the past few days, too. Unlike IOTA, EOS has not overextended as much. (note IOTA has much higher supply) It's possible that a new trend line is legitimate. For extreme bullishness, a rebound @ .618 = $7.2 will occur. Some may argue that it has been hit yesterday. This remains to be seen. More likely, it should touch the new trend line @ .5 = $6.5. Also check out my website: www.jlteng.com
BITFINEX:EOSUSD
by DrJLT
3
EOSETH temporary retracement aheadEOSETH has had a great run since my last post. At this point, we've just broken the channel, and indicators all suggest overbought condition. Besides, testnet will be alive in a couple of days, and the price of the news has been fully discounted. In this context, I expect a short-term adjustment / consolidation. Maybe the price will move sideways instead of down, especially if ETH price drops (so EOSUSD drops). Because I see much potential for EOS, I don't think it's a good idea to sell. Instead, look for good entry points.
E
by DrJLT
4
EOSUSD likely to continue its strong performanceA couple of days ago, I posted that EOSETH is very bullish (see link). I believe this trend will continue. In terms of waves, we are merely in Wave 1. The most bullish move will likely come in Wave 3. Within Wave 1, now we are in about Wave 1.5. As the testnet will come online on 4 Dec, I expect this leg to continue as least till 3 Dec. I think $3 is possible. In terms of channel, as the chart shows, today's growth broke the upward channel. Against the very bullish news as the general context, I think it will remain above the channel until around 4 Dec, at which time it will probably take a small correction to touch the lower trend line of the channel. Very bullish!
BITFINEX:EOSUSDLong
by DrJLT
EOSETH 4H 20Nov2017 – falling wedge in pot. channel, RSI divEOS is moving in an uptrend against ETH and was nicely bounced back after consolidating between 0.382 and 0.5 fibonacci levels after latest upswing from 0.00176 to 0.0048 level. However now a falling wedge may be identified + there is RSI bearish divergence within the wedge. I am expecting to break down and move to cloud and touch uptrend line again – and at this point further assessment may need to be done whether uptrend will likely to continue. At this point I am waiting how price moves within the wedge. If breaks down there may be opportunity to short EOS against ETH. TP level can be identified based on price movement when touching the uptrend line and in the cloud. SL should be set at 0.006 as this is a resistance and if this breaks price may be expected to go to 0.0066 - 0.0068 levels which is a strong resistance - this is 1.618 fibonacci zone of latest upswing and 0.618 fibonacci level of a downtrend started at 0.01000 level – nicely overlaps. Please note – these are only my personal moves on potential price movements. Please trade carefully and at your own risk!
EShort
by drgorogbalazs
EOS - Support & Resistance / MACD.EOS seems to look quite bullish accordingly to the graph, we have recently seen this coin have a large run up over the recent month where the coin is now consolidating. You should follow the support and resistance lines on the graph to make the most accurate trading decision, if we fall below the supply line (support) it is likely that that trend will continue, conversely if we break through the resistance prices will shoot even higher. The MACD lines look to be crossing soon, keep an eye out for this as it counts as a key indicator of an upcoming increase. Orange - Resistance. Purple - Support. Trade the lines accordingly.
BITFINEX:EOSUSDLong
by thomasfar6
EOSETH Kraken 13Sep2017 – RSI bullish divergence – buy - long4H chart - EOS hits the bottom against ETH. Shortly we may be seeing a double-bottom confirming bullish reversal. RSI shows bullish divergence. Candles may cross the Ichimoku cloud upwards and so we may have confirmation of buying opportunity in the long term. Profits can be taken at different resistance levels and even swing trading can be an option to further cumulate EOS for the long run. I expect zones of resistance: 0.0048-0.0049; 0.006-0.0062; 0.0087; 0.012; 0.0175 with monitoring trend movements thoroughly around these levels. What do you think? Please note these are my personal thoughts on potential price movement – please trade carefully!
ELong
by drgorogbalazs