Eosusdt
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.
Feel free to ask anything in the comments or send me a message !
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PP + RSI alert for EOSUSDTEOSUSDT PP + RSI ALERTS
SL: 4.7131
TP: 5.9433
- This is my analysis for EOSUSDT using rsi alerts , 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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EOSUSDTLook at black dotted lines on my chart...
They are support & resistance for moving average thats mean when MA cross above or below this lines,Price starting to Reaction
For example On EOS 4H chart when MA cross above 5.31 line, price will go to the next resistance on 6.4 & 7.5
Crossing MA on upper time frame like Daily, Weekly , ... will be bigger but i prefer to work on 4H time frame
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!
EOS: Going back to the ATH?EOSUSDT is one of that ol' school coins that survived bear and bull markets alike.
Now with quite some heavy volume (higher than during the previous High), we are about to enter the Ichimoku cloud.
Once a cryptocurrency enters the Ichimoku cloud there is the chance that it will go all the way to the other side of the cloud, meaning quite a PUMP from here.
Not only do we have strong volume, but we also have been consolidating.
First in the range from 3.1 to 4.2, where I believe investors and savvy traders have been accumulating EOSUSDT.
Second in the 4.5 to 5.7 range, where the 180 EMA has been acting as support providing a safe area to fall back.
Right now both ETHUSDT and BTCUSDT are back into more bullish scenarios and EOSBTC as strong and proven crypto could potentially follow them and get close again to the ATH (right now we are
-78.11% from the ATH of 2018).
Based on this and the fact that volume is looking great, I'm buying EOS waiting for a move in the next few days.
I will close my positions if EOS falls back to the first range of 3.1 to 4.2.
Time to wait and see if this old horse has any tricks left.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO TRADING.
EOSUSDT Technical Analysis
⏳ Spot
💎 EOSUSDT on Daily has formed a flag pattern. After the breakout it is expected to go up.
🏁 Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 4.900
☕️ TP1 5.500
🍺 TP2 6.000
🍻 TP3 7.000
🍾 TP4 8.000
🍷 TP5 9.000
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 4.450
Good Luck 🎲
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