EOSUSD
EOS/USD:BAT PATTERN FORMATION ON H4 TIMEFRAME | SHORT IDEA 🔔Welcome back Traders, Investors, and Community!
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EOS W Formation SpottedHello and welcome to my post !
EOS is in a strong uptrend at the moment because of that patterns as the W are higly probable to be profitable.
We found strong resistance at 0.236 fib in our first hit and now we are on the neckline (5.685$) of the W pattern waiting to see a break.
W patterns have a tendency to break, make a run and crash down to liquadate a lot of people and after that continue higher.
Because of that proper risk managment and position managment are a must.
First Target: 6.5$
Second Target: 6.750$
Indicators: (RSI,SRSI,CIDI) The upside momentum of the indicators are strong and bullish for the moment.
Don't forget to protect yourself with proper Risk Management also the information provided is only educational.
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EOSUSD about to play catchup real soonIf we plot the TRXUSD chart on the EOSUSD chart we can see a clear price similarity between the two. Logically enough since the two are direct competitors of each other. This price correlation is better seen on the daily chart but i've chosen to post the 4hour chart in order to zoom in on the upcoming breakout. This may or may not signal a breakout for EOS but the similarity seems promising.
EOS about to break out! Here's a quick look at EOS 6 hr chart. As we can see, the price has printed a symmetrical triangle and is very close to breaking to the upside!
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 5.94$
2. 6.19$
3. 6.6$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Keeping an eye on EOS! - Long setup to $6.8Taking into account only PA. Lots else at play, but wanted to send this out as one data point ...
Descending wedge - wait for breakout and retest confirmation.
0.5 Fib retracement defense - wait for confirmation of support.
I'm in long. Will add on each 0.5 fib touch. SL just below wedge apex.
Good luck!
EOS EOSUSD - Rounding bottom + NEW ATH soon!- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping.
- On the chart we can see a rounding bottom or cap and handle formation, which is bullish .
- After a rectangle consolidaton, the price started with an Impulse Elliott wave .
- First target 1:1 / below all time high.
- RSI is ready and volume favors bulls.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Trend reversal pattern in EOS* EOS in 30-mins time frame forms Inverse Head and shoulder pattern with neckline as it's resistance near $4.87.
* Inverse head and shoulder occurs during the down trend, this indicates the reverse of the trend.
* If the price breaks the it's resistance we see a bullish move till $5.050.
Bitcoin and EOS ComparisonDuring 2017 Bitcoin reach a max point around 19k and when Bitcoin started dropping, EOS consolidated and Pump to the moon. EOS is a lagger compared to Bitcoin and other Alt coins. It also happened during this bullrun, Everything was pumping and EOS was consolidating and Once most altcoin pumped, EOS started going up and hit around 15 dollars.
Rinse and Repeat.