Eosusdt
EOS100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 14
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
As I am looking now, it is probably the weakest trade I made, because of the many bullish points.
BEARISH VIEW:
-Mega strong selloff made me believe that we are going down.
-bear flag
BULLISH VIEW:
-Strong bull wicks at the bottom of the range
-Strong support zone (blue line) haven't been breached (only have by wicks)
-Might convert to a trading range instead of another leg down.
From the retrospect, the stop was incorrect, but i decided to extend my stop/loss manually and see what will happen (decided to risk some more money)
Better entry probably would be at the 50% retracement rejection.
EOSUSDT Ready for next BULL Run!EOS/USDT(12h Chart) Technical analysis Update
EOS/USDT(12h Chart) Currently trading at $4.51
Buy level : Above $4.50
Stop loss: Below $3.76
TP1: $5.36
TP2: $6.27
TP3: $7.55
Max Leverage 2x
Always keep Stop loss
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EOSUSDT After Pullback Can Go Higher
Welcome back Traders, Investors, and Community!
EOSUSDT on H4 in the Bullish channel might have a pullback before it goes up
⬆️Buy now or Buy at 4.07
⭕️SL @ 3.76
✅TP1 @ 4.4
✅TP2 @ 4.6
✅TP3 @ 5.0
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Birth of the Eos foundation.The Eos foundation is incredible news to pair alongside the Bullish eos chain built exchange and it also came at the best time possible technically.
Before this I was expecting another 4-6 week retrace, but now I see Eos using that news, the cloud giving back support and we Could potentially see 6 dollars in the next 4-6 instead.
Great long position here.
EOS/USDT Continuation Pump in PlayEos severely underperform btc's recent run-up from 30k. Coin often laggard to most of the market and likes to pump in moments of btc instability. Increasing position down , with tight stop loss in mid 3.80s I expect this to play out in the coming days. Goodluck , this is my personal opinion.
EOS/USDTEOS is currently in a strong uptrend, whether or not the resistance is broken, depends, amongst other factos, on bitcoin breaking 42k. I've made different tp:s based on volume, momentum and trend. You may use this as a guidance to your investing strategy. As you already know, there's a descending wedge on the weekly time frame, which favours EOS/USDT.
EOS Midterm trade 229% profit plus long trade Mi term and long term trade set ups for EOS.
Buying now would not be a bad idea, the price action has already popped out of the falling wedge consolidation pattern which is a continuation pattern. If we are going up and we break out of a continuation pattern to the upside you should consider the most likely price targets will be in the same direction of the over all trend.
In this chart I have charted a mid term falling wedge pattern bringing the price to $12.51 and a longer term trade of a rounded bottom to the price target of $28.60. The mid term target will be hit between 1-3 weeks, the long term target will be hit between 2-5 months.
Eos Sideways action for a while or if BTC drops Eos will drop out of this area and potentially sit in 2 dollar channel again.
Lots of fud against Eos, but Eos spreads lots of bs.
Bullish may come to fruition or it may not and whether that actually aids EOS is up in the air.. Either way it's a really Risky investment, but nothing ventured, nothing gained. I think Eos doesn't see ATH anytime in the next year, we stay below $15 and that's the great outlook. Keep your bag, but bag more from other projects in the space that will go 20,30,40,50x vs Eos 3-4x.
EOS entry setup, Long or Short?All the market is in bearish phase but I draw both LONG and SHORT scenario for U.
EOS is moving in a big channel and for now EOS has made a wedge pattern which u can take position based on wedge pattern breakout.
See the chart for full details.
Note that u must enter after breakout and in Re-test or pullbacks
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GOOD LUCK