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Eosudt

EOS - Wave C completion ✅EOS is currently in a higher timeframe ABC correction. The chart posted is showing the C wave in detail, which has 5 subwaves. We can see that subwaves 2 and 4 are ABC corrections and now we are currently in the 5th and final subwave. We have marked out the extreme lows for EOS which falls at 1.365. It is possible we may retest that level before we start the bullrun. For the 5th subwave we are currently in, its likely we'll see a descending correction for the completion of C wave. The bigger trade is the buying of EOS from the bottom, which we can identify better once more price action appears. Trade Idea: - Wait for more price action to appear - Likely it will be a descending wedge, which we can mark out - Watch for break of descending wedge and enter - stops below the wedge - Targets: 3.6, 6.4. - Longer term targets: 9, 14 What are your thoughts? Let us know below! Goodluck and as always, trade safe.
by WicktatorFX
3
EOS/USD Potential Ascending triangle ASCRNDING TREIANGLE ( Top flat, bottom rising) = Trend continuation pattern. Wait for a Breakout . HOW TO IDENTIFY AN ASCENDING TRIANGLE PATTERN . The ascending triangle is fairly easy to spot . Uptrend: The market must be in an uptrend before the ascending triangle appears. Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase. Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows. This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias. Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs. Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum. we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KRAKEN:EOSUSD
by CryptoTrend-Alerts
2
EOS Technical Analysis 2021/03/05EOS has been on a prolonged downtrend and is now again near the lows. Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $3.2, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
by cryptotraderog
2