EOS/BTC - Part 3 - To the moon is too close, go beyond!WAVE 5 is done! The best time to buy is now!
#EOSBTC: I'm LONG / BULLISH position up in (GREEN BOX). I expect that $EOSUSD will rise up.
This would mean that EOS will gain more 500 - 1000% of its current value against BTC before it can down.
What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.
If you want to win in this market, you need to be COLD and CALCULIST.
To the moon is too close, go beyond
Well, keep you updated as this timely issue evolves.
Good luck!
#CRYPTO $EOS #EOSBTC #EOS #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
Eosusdlong
eos usdTHIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
EOS USD LONG POSITIONEOS Is finding consolidation and looking to breakout as with all crypto pairs against the dollar atm the weak DXY index has played beautifully into some bullish sentimet for the blockchain sector. Positive sentimen accross the board for the whole crypto market but certainly for the short term i expect to see the price targets given in this analysis to be met within the coming weeks.
EOSUSD a long term bullish rally is expected very soonHi, friends hope you are doing good and welcome to the new update on EOS coin. After the drastic crash of March 2020 the price action of EOS coin has recovered more than 178% so far. Now on the daily chart the priceline is moving in a rising wedge pattern since after the mid Mar 2020. In the mid of August 2020 the price action for some time broke out the resistance of wedge but while re-testing the previous resistance of the wedge as support it re-entered in the wedge. At the moment the priceline is getting bounced from the support of this wedge pattern.
The EOS coin also has strong supports of 100 and 200 simple moving averages at the support of this wedge pattern. At the moment both moving averages are forming a bull cross with each other just below the support of wedge. After this cross we can expect the price action may start very strong powerful rally to the upside and even it can breakout the resistance of this pattern on as well.
A bullish Cypher move at the support of Wedg:
Now if we take more closer look at the daily chart it can be easily observed that price action has just completed a bullish Cypher move at the support of Wedge pattern. After initial X to A leg the price action of EOS has retraced between to 0.382 to 0.618 Fibonacci retracement level. Then it is projected between 1.272 to 1.414 Fibonacci projection of X to A leg. Finally priceline has retraced between 0.618 to 0.786 Fibonacci level and this is the place from where the potential reversal zone starts. The price action of EOS coin has moved up from the PRZ level of this pattern. The formation of the bullish Cypher pattern and the potential reversal zone of this pattern at the same level where the EOS has the support of the wedge can be extremely bullish signs that the price action may breakout resistance of this time.
The priceline has been rejected by the resistance of Wedge:
Now if we switch to the long term weekly chart. Then it can be seen that the price action is moving in a falling wedge pattern. After hitting the resistance of the pattern the priceline of EOS is rejected. We also have 100 simple moving average resistance at the same level where we have the resistance of this Wedge. This time the pirce action has the 50 and the 25 simple moving averages supports just below the candlesticks. The price action has the strong support of rising wedge pattern on the daily chart that we have discussed earlier. Therefore there are less chances that the price action will move up to the support of the falling Wedge pattern that has been formed on the weekly chart after rejection from the resistance.
A very big bullish Gartley pattern:
Now I would like to recall my previous ideas where I told you that on the monthly chart the price action of EOS coin has completed the formation of a very big bullish Gartley pattern after the successful formation of a bullish Shark. In my recent article I posted the same Idea on the two months time period chart. Where we can see that the price action is still moving at the support of this Gartley pattern and at any time it can start a powerful bullish rally from this potential reversal zone of Gartley.
As per Fibonacci sequence of Gartley the buying and sell targets are as below:
Buy between: $4.26 to $3.06
Sell between: $5.20 to $7.45
Conclusion:
Even though the price action of EOS coin is moving in a potential reversal zone of every big bullish Gartley pattern. Therefore a long term bullish rally is confirmed very soon. However the support of this potential reversal Zone is very critical. Therefore we should use the support of this Gartley pattern as stop loss. Because if this PRZ level will be broken down then a powerful bearish rally can be started to the downside.
EOSUSD ANALYSİSTHIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
EOS/USD is in a HUGE BULLISH FALLING WEDGE! BIG GAINS COMING!EOS/USD is in a HUGE BULLISH FALLING WEDGE! BIG GAINS COMING!
This is a very large falling wedge, very bullish.
Even more bullish is that the price action is retesting the upper trend line of the wedge.
Hold for a few weeks, may need to stomach large dips..
BIG GAINS COMING!!
Trade safe my friends...
BITFINEX:EOSUSD
EOS Wants to Repeat history. Could it go bullish beyond 80% ?BINANCE:EOSUSDT wants to make move we are expecting a cross over of EMA21 and EMA 89 which happened last time In January which pushed prices upto 80 % within a month.
The trend got broken pushing BINANCE:EOSUSDT into bearish territory, further pushed head and shoulders pattern.
At the moment EOS wants to test Ema crossover. Currently we are testing EMA55 and the trend is bullish as long as we are above EMA-21 .
Wait for EMA21, 89 crossover with increased volume and for potential entry.
Use tight stop loss for this trade and use support zones mentioned in the chart.
Happy trading
EOSUSD:Analysis using Ichimoku 30/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. Also, it is worth noting that the price has grown beyond the border of the Triangle Correction Model. At the level of $ 3.3 is the 61.8% Fibonacci level.
Conclusion:
In general, the trend is upward. We recommend considering buying on H4 when the RSI H4 reaches the oversold level.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI H1 is near the oversold level.
Conclusion:
We recommend buying EOS on H1 nowl.
EOS/USDT: Bullish Breakout Analysis 1D (Jul. 29)X Force Global Analysis:
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In this post, we analyze EOS' daily chart for its Tether (USDT) pair, assessing its bullish probabilities.
Analysis
- EOS has broken out of a descending wedge pattern
- After weeks of consolidation, it looks to create new highs for this year
- Using the length of the pole leading up to the consolidation, we could expect this breakout to lead a rally to the 1.618 Fibonacci retracement resistance
What We Believe
The daily setup looks extremely bullish for EOS, as confirmation has been provided from a breakout, leading prices to new highs through bullish rallies.
Let us know what you think in the comment section below
Trade Safe.
EOS/USDT: Corrective Elliott Waves 1H (Jul. 29)X Force Global Analysis:
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In this analysis, we zoom out from our previous analysis to assess the temporarily bearish probable cases for EOS.
Bullish Evidence
- To begin with, the Simple Moving Averages (SMA) are all aligned in the order of: 20SMA, 50SMA, and 100SMA
- This not only indicates strong support but also strong bullish momentum
- Prices are forming higher lows and higher highs
- The Relative Strength Index (RSI) is at neutral levels
- Prices are trading above the Ichimoku cloud support, as an indicator of bullishness and strong support
Bearish Evidence
- However, we have spotted a textbook bearish divergence, with higher highs on the price and lower highs on the RSI
- The Moving Average Convergence Divergence (MACD) is about to form a death cross, as it shows weakened momentum with smaller bullish histograms
- Counting Elliott Waves, the Elliott Impulse Wave count (12345) is over, as we look for either a corrective wave in play or waves for consolidation
- While there is a clear uptrend, the fact that the trend is going parabolic can be quite worrisome.
What We Believe
In summary, EOS has had a good rally, and is temporarily looking for a correction at the moment. However, as there are a plethora of technical evidence indicating potentiality for bullish scenarios as well, further confirmation would be required for a complete bearish trend reversal.
Let us know what you think in the comment section below
Trade Safe.
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EOSUSD: Analysis using Ichimoku 22/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming.
Conclusion:
We recommend selling from the upper line of the triangle pattern when the RSI reaches the overbought level again.
Also, we recommend to close sell and open buy when the price reaches the level of 2.5, and the RSI reaches the oversold level.
H1
At H4, the cloud is directing upward, indicating an uptrend. But, a divergence has formed between the RSI and the price, indicating an imminent change in price movement.
Conclusion:
We recommend selling when the RSI H1 reaches the overbought level, and we also recommend looking at the H4 chart to plan a trade.
In the medium term, we should expect the price to rise to the level of 3.5, possibly higher.