ridethepig | EOS Spot Commentary 2019.12.18EOS moving pretty much in sync with the rest of the Crypto board and broader USD devaluation. Strong inflows will continue to move it out of the range with upside pressure coming from the Global reflationary theme. Here being constructive on EOS and triggering ahead of the anticipated breakout, though has not yet developed the move will only be invalidated with a break below the $2 handle.
Things are a bit easier to track on the BTC chart:
Focus remains on the $3.25 resistance over USD devaluation. 4.50 and 7.50 remain the targets to watch.
Overall, I see the case for meaningful EOS and BTC strength in 2020, but especially if considered versus USD. Difficult to trade, for sure, but I still feel the bigger BTC risk lies to the topside and will move EOS as collateral.
Good luck all those buying dips in BTC and EOS and thanks for keeping the support coming with likes, comments, questions and etc!
EOSEUR
ridethepig | EOS Market Commentary 2020.02.05I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:
It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity.
Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50.
Well done those taking some chips off the table!
Massive Potential Gain! - EOSAfter months of few clear signals, EOS has finally provided us with a beautiful Inverse Head and Shoulders set-up on EOSUSD which has taken near 6 months to complete!
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
My Trade
Entry: 6.06
Target 1: 9.67
Target 2: $12.00
S/L: 4.50
Notes:
Although Bitfinex is showing slightly lower volume for the right shoulder, multiple other exchanges have seen a massive spike.
I expect a possible double top to form around 6.50 which may provide another entry at the neckline.
The EOSBTC chart does not look too impressive yet. I will wait for a clear setup there before adding margin
EOS Amazing deal ! Guys when I saw what happens with EOS after March I understand it's time to buy for 5.58 $ and Sell for 20.5 $ . Always with stop loss. I thought it was too good to be true but it worked well. Now it's time to buy again. Wonderful opportunity !
Guys if I'm right I hope that i'm going to receive 1000 likes ;)
Check my analyse with BNB :)
With more than 50 likes I'm going to update .
Following me .
it's clear as day light ... downtrend broken.now you know why BTC is going up this way. the rsi is oversold because of the FOMO ... it's obvious that BTC broke out of the downtrend
as there is no major resistance until 11,7k don't expect any large correction soon.
this is why some alts are doing so well, look at EOS ... it went to 5S to 15$ in 2 weeks and it doesn't seem to stop very soon.
EOS with a solid B Rating Ready for Next Run (HIGH RISK)This trade remains HIGH RISK for numerous reasons, one of them being is that Weiss rated EOS B, same as Ethereum which is just wrong, since EOS's main network is not even available yet. Either way, EOS will continue rising up, so the HIGH RISK trade only applied to those who want to make a quick $ in short term.
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