Eosshort
EOS REVERSAL ON TURNI am still waiting for good position for short. The best position would be cross of resistance line with fibo golden pocket. But to be sure I'm setting more entries above 5.6. Now you can long but be aware.
EOSETH - ETH as capitulated and EOS did notLooking at ETHUSD, we can clearly see a capitulation V bottom with a lot of volume. EOSUSD is still strugling to confirm support at about 4,5$.
In the meantime the EOSETH ratio is near all-time high.
I short this with a passion and I'll be putting my profit target reaaalllyyyy low on this one as I don't think the EOS bubble is over yet while the ETH bubble clearly is.
We are clearly due to retest the pink trendline, and I doubt it will hold. I'm not sure the 0.008 level will hold either.
No volume, Decreasing momentum.
One think to consider is this EOS trading pair is the least popular: EOSUSD and EOSBTC are far more popular.
Game on.
EOS Short on Rectangle Confirmed BreakdownPrice chart formed a 6 week-long rectangle with the lower boundary acting as strong support at 6.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close below 6.64 levels confirmed the breakdown from the 6 week-long rectangle with the possible chart pattern price target of 4.67 levels.
EOS. BUY for 6 and sell for 18$!After EOS breaks $ 2.7, the price moves in the channel, which I marked with two black lines. Today we will talk about the bottom trend line. For 2 times it was a strong support when sellers tried to squeeze the price down. After price tested this line the strong movement up begin.
Also in the black trend line there is a strong price zone 5.7-6.1, which will be a great place to turn EOS.
After the test of this price zone, consolidation should take place, to gain a position of big money. Critical points for growth will be:
1) Blue trend line;
2) The price zone is 8.8-9 $.
The global target will be $ 18$. Then we need to look at the volumes. This will be an entirely different idea.
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EOSUSD: very dangerous pointHello guys,
analyzing the biggest cryptos I would like to point attention out on EOSUSD: in my opinion price is close to an important watershed level.
In fact price is near the trend line supporting the bullish movement started from the end of October, 2017.
It represents an important supportive area: we can consider this level to around 7 USD and once the level is broken I think EOSUSD could shrink to at least 6 USD or even to 5.2/5 USD.
Volume increases only in correspondence to red candles and this is not a good signal; indicators are inclined to further falls.
To sum up:
if price breaks 7 USD----> 6.5 USD----> 6.2/6 USD----> 5.2 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Quick EOS Short to Hedge your LongEOS has been forming a rough 3-month falling wedge and currently is curling down from the upper trend line resistance at 0.00105. However, it is very close to the convergence point of the resistance and support lines, so we could see a violent upward reversal. Also, there appears to be bullish divergence on the RSI, hinting at a move upwards.
My strategy : I bought EOS at 0.001 but am hedging with a margin short.
Stop the short at 0.0011
Close at the bottom of support 0.00097
or hold and wait for it to fall through
EOS,bound for CORRECTION?Hey guys,
This time we are going to take a look at EOS.Even though this token is surrounded with hype at the moment,tehnical analysis might suggest that we are going to see a correction in the near future.
There is nothing to be afraid of,as we are currently respecting a very well-established trend,represented by the white triangle shown above.
Unfortunately,we are still under the 200 MA and we still lack the volume that we need to see a higher valuation of EOS.
How to trade: I would suggest keeping an eye on EOS' price action,as in less that 24h it's gonna decide if it uses the lower green line as a support,or breaks below the triangle, confirming a downtend ,untill around 9k sats.
To be honest,i believe the second option is more likely to occur.
If this happens,just wait until it reaches the white support line(or short it),so that you can buy more afterwards,for cheaper.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
EOSUSD is at a crossroadHello guys,
EOSUSD is in a very precarious situation. If prices are not able to rebound from the actual level, the likelihood is very high it comes back to around 6 USD. At the moment price is near the trend line supporting the bull trend started during November, 2017. It's a critical point. If we analyze EOS against BTC on a daily chart, we see it's in touch with the 200 daily MA, usually representing a strong support. The advantage to entry at this level is that the stop loss is very narrow and it must be put under 7.3 USD.
Indicators and volume point out a possible fall because the firsts are set to go down instead volume is quite low, showing poor interest.
If EOSUSD is able to react is possible to see it back to 9 USD in brief time, where passes the upper trend line linking the highs descending from the hystorical top. But if it breaks 7.3 USD (S1) is likely to find it at 6.4 USD (S2) as first level and then 6/5.9 USD (S3) (in my opinion, at the moment, the most probable scenario).
To sum up:
- if it breaks S1 7.3 USD----> S2 6.4 USD----> S3 6/5.9 USD,
- if it's able to react from current price of 7.53 USD it can come back to 9 USD.
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
EOS. Hodl 8$ and get 30% profitAfter consolidation between the price zones $ 7.05- $ 7.35 and $ 8-8.3 $ the price broke the upper zone. If buyers keep the zone 8-8.3 - long to 10.2-10.7.
If we go below $ 8, we will return to the consolidation zone and a possible breakout scenario of 7.05 for the zone test 5.45-6.35.
Also, see the more global idea of EOS , which will explain why I'm waiting for the zone 5.45-6.35. In my opinion, this price zone will either now, or after a big rollback.
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Your like is opportunity this idea to be in top
Just do it! (sorry nike)
EOSBTC - The easiest short of the year?EOS - BTC Short
Potentially the easiest short of the year on Bitmex...
In my opinion we could see 0.00148 / 0.00126 / 0.00095 if this gets shorted like I think its going to.
Yes there will be corrections, distribution & what not on the way down but there is truly serious downside potential here.
Why?
Huge run since April on no spectacular news
Blow off top 100%
Wyckoff Cycle fit perfectly
EOS futures have just listed on Bitmex.. At their ATH.. What happened to BTC when futures were released...
Volume declining at significant pace
Volume profile.. Wow, not a lot of support on the way down..If we break below 0.00163 this could get REALLY exciting
RSI looking sexy for decline
Fibonacci working well thus far for simple pullback phase before another leg down
EMA 20 / 50 / 100 all quite a stretch below current price
Targets
Entry: 0.0019068
Stop: 0.002
Exit 1 : 0.00163
Exit 2: Just going to let this baby burn & re-assess...
This is not financial advice. Just my trading plan.
Anyway we need to go downIf we consider 2 variants on EOS, in my opinion in both of them we should still go down.
If this is a reversal, we need to provide a level of 7-7.2. And with a small or average volume of the test, we can talk about a reversal (after consolidation). Especially in the price zone 8-8.4 we met the serious resistance of sellers.
If we plan to go to $ 5.5-6, sellers need to build forces to break through the Zone 7-7.2 - what is happening now.
I'm in the shorts of another coin, but I wait for $ 5.5-6 for a good long
Two good trades!!!At the moment EOS is moving in a certain pattern, pushing itself from the bottom of the trend line, from the top of the price level, where the buyers record the profit, and the sellers go to the shorts. The frequency of repeating the full price movement from growth to fall is about 100 days. So I expect to make 2 trades in these 100 days:
1) Long EOS at a price of 5.5 - 6.2. Target 16.8 - 18
2. Short EOS 16.8 - 18. Target 8 - 9
More precise enter and exit prices and stop i will write on the course of the price to interesting levels for me
Why I am still short on EOSBTCHi,
Whilst I haven't closed my short opened in the previous charts @ 0.0017.. I just wanted to update / re-evaluate.
My answer, I keep that short open. I am gutted I missed the chance to add to my short overnight though after looking at the chart!
Why still short?
Fundamental update
First & foremost lets get the FA overwith: EOS has been a disaster since mainnet launch, slow to build network stake, a failed update, coins being frozen, the BPs making decisions on YOUR coins via conference call? Please remember EOS raised over $4 BILLION DOLLARS... Quick conference call with the lads and bam your funds are frozen... right...
"Oh but it's the ETH killer Unicorn, look at their potential TPS!" Correction: They haven't proven this TPS capacity. They haven't proven a single reason yet why they are better than ETH. What they have proven so far however is incompetence, haste & greed. This will not kill ETH, if you currently think it will, you aren't looking at this objectively & you are being influenced by your emotions .
(NB: It has the potential to do well in the future, but right now we assess the fundamentals based on the FACTS, not hopes or beliefs.)
Technical update
The volume node at 0.00162 is the largest of all the nodes, it is acting as resistance zone. Factor in the second largest node is just above this.. That's a lot of resistance.
20, 50, 100 EMA all acting as resistance, more specifically the 50, which lines up pretty much perfectly with the aforementioned nodes.
Overall volume still in a downtrend, this almost always causes prices of any asset to decline.
Lower high pivots since 2nd June & consistent lower lows to boot. Another normal bear trend pattern.
The small pump last night, had quite an impact on the RSI for very little price movement, taking us back up to the midpoint, followed immediately by a sharp downturn. Another normal bear trend reversal rejection pattern.
RSI...Look at the RSI every time we went to the 50% fib... It was bottomed out & primed for a reset. It isn't currently looking like that's going to be the case this time..
The 50% fib: We have had FOUR tests from it since the blow off top. FOUR! You could say that makes it a good support point... but really, a 5th retest? With all the resistances in confluence? The current FUD? The volume?
When the 50% goes; potentially in a 'break below-retest as resistance-retest rejected' pattern I truly expect a good dump to the 0.0013 range at least, some tasty bull liquidations are in order.
Risks
Miracle BTC bull run
EOS releases unexpected positive news
This is not financial advice. This is a journal of my activity.
EOS keeps creating double topsEOS has not been in best shape (mostly due to fundamental reasons) lately. The price reflects that by creating double tops even though volume is at its peak levels. After every drop, the price has fell. As this confirmed the fib retracement level as a resistance point, EOS should fall downwards a bit more in the upcoming hours.
EOS lower timeframe update - Long into a Short.I'm bearish on EOS overall. Its due a correction, there is nothing special EOS has to keep it up where it is unfortunately.
If you don't already know - the mainnet launch was a total disaster. They don't have enough EOS staked in the network for it to be online.
*When they do get their 15% stake and go live...I imagine we will see a short lived fomo pump, followed by a beautiful dump.
I am seeing this as wave B correction before continuation wave C down.
Why:
The T D sequential exhausted almost to the full 9 I look for - this was what grabbed my initial intention (Whilst T D isn't a bullet proof indicator, I just find it helps highlight reversals in conjuction with candle patterns when we go 7-9 in one direction)
Watching the TD then raised the obvious candle exhaustion patterns I was looking for - smaller ranges on the 4hour candles, indecision dojis and longer tails not able to penetrate the 50% fib retracement.
RSI exhausted, needs a reboot
MACD crossover upwards after being on the floor
Its a little better than a 2:1 trade risk, I've kept position sizing fairly small due to the inconsistency BTC is creating currently..
Next?
I will be looking to short in the blue box. I will check what % the network stake is at first though & then post my thoughts.
This is not financial advice.
#eos will we take a 50% retrace from all time high?This is what I see today.
We are testing fiblevel 38:20% from our all time high, I think we do not have enough volume in the market and therefore expect us to take an even bigger correction down to 50%, but I do not expect we will hit this exact as we hope to find good support on the trendline from this uptrend from last run.
Rsi is not looking good and want go more down, it now stands at 44 and looks like it is struggling to find new support around here, so soon I expect we go down on rsi bar to around 20 in the next week.
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EOSBTC Buying OpportunitySetting a limit order at developing POC level if price action breaks support.
EOS Where i whould buy in for mid termEOS moving in channels.
Bigger channel (red) longer term bullish, smaller channel (purple) shorter bearish.
Previous wave movement could repeat in the last one.
So i would consider good entry points the Fibonacci retracement levels around 7.64$ and 7.19$
and i expect upward movement when price is near the red channel upward trendline.
Pay attention when price will be near the trendline in the middle of red channel too.
EOS. The trend continues
Since people liked the analysis of the EUR/USD pair, I decided to continue. Also pleased me the number of views. And so the short-term trend is still upward. This time I decided to conduct a quick wave analysis and the nearest targets. Seems to have formed a triangle or pennant. Goals for him marked on the chart. In General, I like it with my triangles. We are also in a bullish Andrews ' pitchfork. Breaking it will tell the beginning of the correction and the trend break.
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EOS is a High Reward Short TradeWe are only an hour away from the EOS airdrop. Based on previous forks and airdrops, there is a good chance we'll see a dump shortly after the snapshot. Especially given the recently EOS pump, it further supports the thesis that many traders have bought EOS for the free airdrop coins. Daily RSI are close to overbought levels and open margin short to margin long are on the low end indicating that we are more likely to get a longs being stopped out than a short squeeze from any large moves.
