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ridethepig | EOS Market Commentary 2020.01.20A funny weekend for Cryptos. Profit taking across most major coins which is only natural after such an impressive advance. BTCUSD spiked to above 9,000, just shy of the 9,200 pivot. EOS has been reacting to the increased purchases of LiquidX. Price settling back towards the highs here and a healthy target at $4.50 seems appropriate to me, especially given how we are already +72% in the previous units. The market will start to get worried about becoming overstretched, soft hands are closing as we head into February, but there is a window for a major breakup here with many underestimating the Crypto inflows over the next couple of weeks I think. I recommend to stay long EOS. GL all those trading today.
BITFINEX:EOSUSDLong
by ridethepig
💎EOS - Simple trading plan with BIG goals! 🧑🏻‍🚀Hello everybody! Thumb UP👍 if you like this idea! I present to your attention a simple EOS trading strategy based on the breaking of a downtrend line and clear goals that can bring good profits! TRADING PLAN: 1. Add the alert above $4.2 2. When the alerts trigger buy EOS and set limit sell orders at the level $4.6, $5.5 and $6.1. 3. Set a stop-loss near $3.4 ___________________________________________________________________________________________________________________________________ Subscribe to my channel and receive fruitful recommendations regularly! 😎
BITFINEX:EOSUSDLong
by Fandorinn
Chasing A Fleeing EnemyAfter our previous entry, which was particularly difficult from a positional perspective, this update should appear 'all too easy'. It will likely raise the question as to why the ' Momentum ' break can really be considered an element in our definition of swings, because it is entirely plausible to build one's entire strategy around swings or waves, but around a momentum break? This is an opinion I cannot share. Of course, momentum breaks occur in the ebb and flow of impulsive waves, perhaps mostly when we are chasing a fleeing enemy. However, to solely trade momentum will bring troubled dreams as its wake does not last for ever: a momentum break which only crops up occasionally should be capitalised on and used to build full sized positions right into the endgame. So, the following breakout merits our special attention. It is about a momentum break which suddenly appeared, with smart money pinging EOS out from the lows. Some 10 bars later, the game seems to be following purely technical flows with bulls now dominating the board. Bull's next move sees the swing materialise into an impulsive nature, for the threat is now an advance on the initial target at $4.50 at the right moment and extensions at $7.50. At the point where the swing was created will see defence return and absorb the momentum break, and is therefore logically linked to profit taking !! As usual thanks so much my dear readers for keeping your support coming with likes and jumping into the comments!
BITFINEX:EOSUSDLong
by ridethepig
EOS Finally Hitting The Falling Wedge's Support Upto 70% MoveSince Sep 16 2019 the world’s 7th ranked cryptocurrency EOS is moving within a falling wedge chart pattern and this time it is hitting the support of the wedge for 3rd time and now we have recent support at $2.3548. With hitting support of wedge the price action also went closer to lower bands of Bollinger bands and repelled from there. The Oscillators and indicators are turning bullish: With this touch on falling wedge’s support all indicators and oscillators on two day chart are turning bullish. The Relative Strength Index (RSI) was already oversold with the value of 29.45 and now turned bullish and the Stochastic RSI was also oversold and has given bull cross and the moving average convergence divergence (MACD) indicators was also strong bearish and now burned weak bearish with indicates that bears are losing control over the price action of EOS. The harmonic formation: At this support the priceline also has formed a harmonic Crab pattern and this time we are in potential reversal zone of this harmonic pattern and the bullish divergence from the PRZ area can lead the price action to hit the 1st resistance at $2.5804 but if this resistance will be broken then EOS can breakout the resistance of the falling wedge and that can also lead to the big bullish move. But remember one the support of this wedge will be broken down then the EOS can move down to make a new low so this support should be a stop loss point for many traders who bought the EOS at this support recently If we buy at wedge support then we can set our sell targets 0.382 to 0.786 Fibonacci projection of tail to support of the wedge which is from $2.77 to $3.37 so this can be upto 70% bullish move. Regards, Atif Akbar (moon333)
BITFINEX:EOSUSDLong
by moon333
Short/Mid/Long EOSUSD CONSOLIDATION IN EFFECT TP1 $3.54 TP2 $3.67 Stop @ $3.54 Given current volatility, it should go w/o saying that stop losses (as always) should be set first. Like many other alts we are seeing some serious volume buildup again this time on EOSUSDC and now with another shortsell in scope lies another opportunity for entry to TP. Pairs equally with BTC & ETH as all 3 prospects seem bullish yet always set stop losses and don’t pivot from fiat currency to maximize ROI and mitigate risk for loss. Disclaimer Not financial advise -@a1mTarabichi
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by a1mtarabichi
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