EOS Is Gathering Momentum 🚀🚀EOS is a blockchain token , for one of many Blockchain engines around, a smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.
EOS is a platform that's designed to allow developers to build decentralized apps (otherwise known as DApps for short.)
It only just recovered from a correction at lower support . From here it did a double bottom to get back on winning ways. Forming a nice trendline along, and now looking to break through a resistance ceiling on the chart .
My Entry is at " resistance//support " line as seen on the chart. My SL is at mid support level( unmarked ) $4.74 . Final near target I see is around $5.40+
It is gathering momentum as we speak. BTC.D is looking nicely for alts. It's looking bullish in my opinion .
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Eostrading
EOS Long term setupHello everyone, if you like the idea, you can support with a like and a follow.
By drawing the fibs from the last crash to our last bottom as a reversal movement from the crash we can expect to retest areas as 0.5 fib and 0.618 fib.
We are currently having resistance from the 0.236 fib while we are inside a small bullflag.
The important support in the chart as you can see are the 5$.
With a brekage of this level the whole image changes to a more bearish sentiment.
Targets:
Long Term 0.5 and 0.618 fibs.
Short Term 6.4$ with a successful break of the bull flag .
Don't forget to protect yourself with proper Risk Management this is the key to winning!
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
EOS Channelling Higher with 4.3 TargetTrend Analysis
The main view of this trade idea is on the 2-Hour. The cryptocurrency EOS found some support around the 3.20 price level on July 20th 2021 and began making higher highs and higher lows over the past week. This chart pattern appears to be a trend channel. EOS is expected to continue to move higher towards 4.3 in the short term. A negation of this move will be a close below 3.66.
Technical Indicators
Along with the upward trend channel, EOS is also currently above its short (25-SMA), medium (75-SMA) and fractal moving averages. Recently there was a positive crossover on the KST and the RSI continues to trade above 50. Since the rally off from 3.20 lows, the cryptocurrency’s RSI has mostly been below overbought territory.
Recommendation
The recommendation will be to go long at market. EOS’s target price is around the 4.30 price level and its indicative stop loss is around the 3.60 level, near the higher low of the trend channel. This produces a risk-reward ratio of 1.73.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EOS .
EOS/USDT : Targeting ATH in Daily TFBINANCE:EOSUSDT
Hello everyone 😃
EOS had a pullback from bullish trendline, Also EMA 100 helped EOS's movement..
Now EOS is heading to resistance zone, which could be a reversal point for EOS !
There are 2 more zones, If EOS break those zone and take hold above them;
Then it could be of the best coins for hold in long-term.
📌 You can take a position here with tight stop-loss, You can use trailing stop-loss for more safe trading !!
By the way You can see an ascending channel formation on daily vision :
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
EOS - 4h. The next target - $3.92If you are an EOS investor you remember well the market situation on January 10th . After a successful attack by buyers and great prospects for continued growth, the price of EOS turned sharply and in large volumes fell to $2.38. In two days, the EOS market fell by 40% .
The main problem is in the mark of $3.92 . In the previous idea, we wrote about global consolidation, from which the price of EOS can not come from April 2020. Buyers have already made 3 attempts to break through this mark and so far to no avail.
After a sharp drop in EOS on January 10, buyers managed to slow down the price and start accumulating strength for a new trend. Fixed above the mark of $2.91 , buyers gave a new signal to continue rising prices. At the moment, buyers have broken the local level of $3.07 and are preparing for a strong upward momentum with an ultimate goal of $3.91.
While the mark of $2.91 under the power of buyers, we expect continued growth.
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EOS_4h. The Critical point - $3.Miracles happen. The EOS market is a clear example of it.
How buyers were able to keep the critical mark of $2.7 will remain a mystery of 2020.
However, the counterattack of buyers from 11 December - looks indecently weak.
During 13-15 December, buyers were fixed above the mark of $2.8, as you can see in the 4-hour timeframe, all the candles during this period have pins down , which clearly indicates the gaining buyers position.
Therefore, the continuation of price movements in the local growth channel is still the main scenario. The critical point for buyers is $3. It may be the final point of the price rollback from 11 December.
_____________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
EOS Bearish fractal or emerging Golden Cross?EOSUSD is on a rebound since the December low and is testing today the September Resistance.
Levels to watch:
- The Resistance is at 4.2550 while the Support at 2.1200.
- The price is already above both the MA50 and MA200.
- The MA200 is in fact providing Support, keeping the price sideways within the trend line and the Resistance.
- The RSI is on a bearish divergence and the candle fractal (bearish) is similar with late October/ early November.
- Emerging Golden Cross.
Projection:
- If the price fails to close a 1D candle above the 4.2550 Resistance, then EOS will most likely pull back towards the MA50, which in turn if cross may drop further towards the Support. If on the other hand the Resistance breaks, we will see a Golden Cross forming towards 6.1700.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
EOS Golden Zone RetracementEOS has retraced the recent run from $1.54 - $8.71 directly into the 0.618 Fibonacci golden zone level at about $4.30 where most trend reversals can be expected occur. Does this complete the ABC correction? Will we begin to see a new Fives Waves Pattern?
"In Elliott’s model, market prices alternate between an impulsive, or motive phase, and a corrective phase on all time scales of trend. Impulses are always subdivided into a set of 5 lower-degree waves, alternating again between motive and corrective character, so that waves 1, 3, and 5 are impulses, and waves 2 and 4 are smaller retraces of waves 1 and 3...
Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). The 3 waves A, B, and C make up a larger degree corrective wave."
Do not wanna give bad predictions on EOS ..and I will notHello to every crypto enthusiast over there!
I am sorry to say but at the moment of writing (28th Nov) it's hard to say that there is anything exact to state about EOS situation.
As on 27th of Nov , EOS/USD has dropped 9% and current range block points to a catastrophe...so it was quite an issue with one of leading crypto among all.
BUT EOS Climbs 11% In Rally!!!!!
It was trading at $3.3165 by 13:08 (18:08 GMT) on the Investing.com Index on Wednesday, and in general up 10.63% on the day.
So it was the largest growth in percentage since August 17.
The price, which is went up, managed to lead market cap to $2.9738B, or 2.15% of the total cryptocurrency market cap. Of course, at its highest, EOS's market cap was $17.5290B. But considering overall situaition at the crypto market now, these are quite good indicators.
So to sum up, we can expect that on Thursday EOS will be trading in the range of $3.56 to even $4, considering the positive late news and overall trend for it.