EOS: Buy by breakout OR Sell from a resistance ? Hello, Traders!
Monfex is at your service and today we overview EOS/USD .
A week ago, in one week the number of participants in the EOS network fell by 43%. But EOS continue to grow.
Now EOS under and near the resistance line of the big descending channel and it's can be signal to sell. Also we have key resistance level by breakout of which we can open long position. By breakout the local support line EOS can reach main support zone.
In case of breakout 61.8% Fibonacci level at daily chart - EOS open target of 38.2%.
The local resistance zone ~ $3.60-3.70
The local support zone ~ $3.50-3.425
Supposed Trade Signal by EOS/USD
Buy by breakout $3.70
Take profit ~ $4.25
Stop loss at $3.535
Market Cap
$3 314 521 826 USD
Volume (24h)
$2 266 832 638 USD
Circulating Supply
939 683 825 EOS
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Eosusdshort
EOS vs BitcoinHi, dear Traders!
Monfex is at your service and today we overview EOS/BTC .
EOS is moving towards the diamond support zone now. RSI has entered a recession phase in the oversold zone and by that time the price will just drop and you can expect an upward movement from the support zone to the first target.
Market Cap
$2 774 501 506 USD
Volume (24h)
$1 619 668 115 USD
Circulating Supply
936 082 773 EOS
Stay with me and you will get in time signals for EOS/BTC
Share your thoughts, ideas about the market under the chart.
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
EOS Price Analysis - Biggest Loser Today
Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still there but is winding down fast. If the volume decreases further, that will be reassurance for a sideways market. Until then, be ready for another drop.
EOS Price Prediction
While the RSI seems relatively stable, BBs are showing that there still is a chance for a slight drop. All eyes are on the volume right now, if that drops down further then the chances of sideways trading increase.
My prediction is that EOS will dip again very slightly to $2.82 before making another attempt at recovery. This is assuming Bitcoin remains stable as well.
Read Full EOS Price Analysis and Prediction - Cryptomode
EOSUSD potential breakdown to $3.1 and beyondEOSUSD fighting for life here. 3.67 pivot breakdown will lead to at least retest of $3.1, but likely lower overtime. This level would equal BTC at 9.4k
In red bearish signs:
- tenken, kinjun negative cross
- MACD negative cross
- below KC channel
- negative volume spikes no positive volume
Bullish sign:
- still holding bottom of 4h ichi which hasn't properly bounce on 4h timeframe.
Trade is short market open $3.59 and close $3.13. In case of the bounce from current level I would short $4. The picture would change if EOS closes 4h above $4.
EOSUSD- How long will the support hold?The support level which has been tested twice(13th of March and 17th of July), is currently been tested again and currently hugging the support.
On the daily time frame, the price chart of EOSBTC has been spotted forming a chart pattern called The inverted cup and handle chart pattern.
The inverted cup and handle chart pattern which is considered to be a bear reversal chart pattern with a possible break of the cup rim.
The cup portion appears rounded and a handle follows the pattern on the right.
Traders must wait for the breakout with this pattern before trading. Too many of the patterns had prices moving upward instead of downward, especially in a bull market. A breakout is a close below the cup rim, the lowest low on the right rim.
Upward price- Just over half the time, the pattern forms as a price top, meaning that trend prices enter and exit the pattern from the bottom. Rounded cup Look for a smooth, rounded cup, but accept deviations.
Cup rims - The starting and ending points of the cup should stop near the same price, usually less than 6% difference.
Cup handle Between the right cup rim and the breakout is the handle. It can be any length.
Cup retrace - Price in the handle must not climb above the top of the pattern but should bounce upward.
The three most frequent retrace amounts are, in order, 42%, 35%, and 60%.
Breakout Price must close below the right cup rim before the pattern is valid. Targets are based on the support levels
Breakout- $3.4341.
Support 1- $2.9971
Support 2- $2.6673
Support 3- $2.2939
Support 4- $1.7765
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Ideas published should not be referred to as an investment advice
EOS 2$ vs 9$Traders,
Here we have EOSUSD 1D chart.
By looking at this chart you see healthy bullish trend with repeating triangles with equally ratios from the bottom to high taking from the point of breaking, So we are waiting something interesting here by looking to the positive or bounce side.
As analyst you must take all probabilities you have so what's the bad scenario here for bearish movements:
By looking at this uptrend here
From a different angle we have a typical Elliot perfectly established, so follow this idea to take a good decision about this trade.
Like if you appreciate this.
Regards,
Mohsen
EOSUSD - CRYPTO - 20. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Slowly bearish moving market.
4 HOUR
Bearish waves starting to form after prices made new highs.
DAILY
At strong resistance and psychological barrier right now, expecting some bearish pressure!
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CRYPTO SETUP
SELL EOSUSD
ENTRY @ 6.85
SL @ 7.00 (2.2 %)
TP @ Open
RR: 3/4
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Short Eosusd 12.12.2018In the previous idea, we denoted the output of the eosusd price from the graphic model "flag". The correction continued and it is possible to rebuild into a larger model. Like last time, we should expect a candle fixing beyond the borders and dial a short sale. Also, in a more risky version, it is worth selling from the upper border of the flag with a stop loss beyond the level of 2.65. After the price has returned to the level of 1.8, stop loss should be moved to level 2.35.
EOSUSD - UPDATE - WHERE ARE THE BULLS?LAS TIME I WROTE ABOUT THIS I SAID ONCE IT BROKE
THE BLUE LINE IT WAS COMING TO THIS LEVEL AND THAT
HAS HAPPENED. LUCKY GUESS OR GREAT ANALYSIS? :) YOU DECIDE.
ANYWAYS - WILL THIS BREAK THE PREVIOUS LOW LIKE
ADAUSD AND DASHUSD? WELL TIME WILL TELL. MY
OPINION NOW IS THAT, THIS CURRENT PRICE IS QUITE
TEMPTING FOR A LOT OF INVESTORS AND I FILL THAT THE
BULLS WILL BE TESTING THE MARKET SOON.
PLEASE, LIKE, COMMENT AND FOLLOW.
EOS The critical point is 3.15-3.5 $Hi colleagues. After breaking the blue triangle up, I began to analyze the points of potential reversal of this coin. If you analyze the horizontal volumes, then the next liquid zone is located at a price of $ 1.7. At this point there is also a lower trend line. Also, if my wave analysis is correct, then at 1.7 wave c = 0.618 wave a (within the wave Y):
However, I believe that while the sellers did not beat $ 3.15-3.5 $ consider this scenario early. at a point 3.15-3.5 $ the wave c = 0.5 * a and this is also possible point of the reversal of this coin.
If we analyze the marginal positions of buyers, then they are in a clear consolidation:
if buyers try this consolidation down, I think the price of the samples is a price zone of 3.15-3.5 $.
Merchant positions of salespeople are clearly moving in the channel:
If we analyze the volumes on which the price broke the triangle, they were raised relative to the volumes in the consolidation, but they are smaller than those that were before:
If the fall continues on small volumes and in the price zone 3.15-3.5 there will be a good rebound - for me it will mean the downfall of the fall and its completion. So at this point, I'm waiting for a critical point to update my analysis.