EOSUSD (EOS) - WEEKLY ANALYSIS ANALYSIS 🔎
- This is a double trade setup.
- EOSUSD is printing a major double bottom pattern.
- This is a bullish reversal pattern.
- At the right bottom, price action is printing a minor inverse head and shoulders pattern.
- This is also a bullish reversal pattern.
- RSI is also printing a bullish divergence signal.
- EOSUSD could be on the verge on a Long term uptrend.
FIRST SETUP
- This setup is the minor inverse head and shoulders pattern formation on the right bottom.
- This is a trend reversal pattern
- Bullish pattern to be precise.
- Price is approaching the inverse head and shoulders neckline resistance (1).
Buy entry ⬆️:
Aggressive (risky) - current market price (now).
Conservative - breakout above the inverse head and shoulders neckline resistance (1).
Targets 🎯: horizontal resistance level R2, horizontal resistance level R3 (neckline resistance (2)).
Setup invalidation ❌: breakdown below the right shoulder's horizontal support level (S1).
SECOND SETUP
- This setup is the major double bottom pattern.
- This depends on a successful outcome of the first setup.
- Price will be testing the double bottom neckline resistance (2).
- Potential breakout above the neckline resistance (2).
Buy entry ⬆️: breakout above the double bottom neckline resistance (2).
Targets 🎯: horizontal resistance level R4, All Time High (ATH) resistance, MOON🔼.
Setup invalidation ❌ - Breakdown below the All Time Low (ATL) horizontal support level.
Enjoy 🥂
EOSUSD
EOS - $7.39EOS is currently trading above the support zone of $3.05. EOS has been lagging in price action and is in a consolidation zone so a breakout is expected. As long as it is above the support zone at $3.05, we could start seeing a move towards $3.66 which is a key resistance area to break. If this resistance gets broken and if EOS can close few daily candles above this zone, we could start seeing an impulse move towards $4.02, $4.38, $4.88, $5.53 and $7.39. Failure to hold the support at $3.05 could lead to a move towards $2.88 and $2.50
EOS LONG. BREAKOUT INC. BREAKOUT COMING, CANDLE MUST CLOSE OUTSIDE OF TRIANGLE ON THE WEEKLY (TODAY IS FRIDAY)
IF WE DO INDEED SEE A BREAKOUT, I AM EXPECTING A RETEST AT THE 3.20 RANGE ON THE NEXT WEEKLY CANDLE (FRIDAY WOULD BE 2/12) BEARISH CANDLE CLOSE. IF THIS CANDLE CLOSES BEARISH ON THE WEEKLY ON THE 2/12, WE ARE EXPECTING IT TO FILL THE RANGE AT 22$ PER, CURRENTLY 1:7 ON YOUR RETURN. AND MORE THAN LIKELY HIGHER.
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 / USDT about to enter it's expansion phase (weekly analysis)We are monitoring EOS / USDT on the weekly time frame since a long time now and it seems that the time of truth is coming ...
As we saw, many things are telling us about what's coming... and it will be explosive
- I believe that EOS is arriving at the end of a long accumulation phase, with a reversal pattern ( Inverted HS)
- A long accumulation phase means a long expansion phase
- Since 3 weeks, EOS has been ranging wildly in order to discouraged the last sellers on the market, now we can see on the VPA analysis that the sellers are slowly capitulating... And the equilibrium is shifting in advantage of the bulls.
- RSI is forming a W and entering the bullish zone.
I believe the breakout is close !
You can either enter now during the accumulation phase if it's long term position, or after the breakout if you do lev trade ...
This market benefits the most patient ones ... so no rush !
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
EOSUSD H16: Best level to SHORT IT 25%/35% gains(NEW)EOSUSD H16: Best level to SHORT IT 25%/35% gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged LONG because I expect strong BOUNCE
off the lows, HOWEVER read entire idea
before executing. DO NOT market BUY now.
🔸 Summary and potential trade setup
::: EOSUSD 16hours/candle chart review/outlook
::: SHORT at market
::: upside limited from here
::: SHORT/HOLD setup for 25%/35% gains
::: just hit heavy overhead resistance
::: + ETHUSD will DUMP soon
::: key S/R level (4 reversal)
::: SHORT HOLD setup for BEARS 25%/35% gains
::: expecting target to get hit
::: within 1-2 weeks
::: 25%/35% gains possible for SHORT/HOLD
::: this is SHORT/HOLD Setup
::: for patient traders only / no fast gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/25% gains
::: Sentiment outlook mid-term: BEARS/25% gains