Eosusdtradeplan
EOSUSDT - a drop of 73.5%. What's next?Good day to all crypto fans! We continue to analyze the EOSUSD chart.
So we got the third bottom as a gift! But is it the bottom?
Locally, the price moves in a downward channel and is located at the lower border. With a breakdown of 2.10, the price will move to its upper boundary. A double bottom is formed locally, which also indicates a probable local growth. The upper boundary of the channel is 2.98, which is also a correctional movement of 0.382 Fibonacci from a total of 73.5% fall.Continuation of the corrective movement from such a strong fall in prices will probably be in case of breakdown of the upper boundary of the local channel. It is better to consider the probability of further corrective movement during breakdown and consolidation above 3.13. Levels are shown on the chart.
In case of breakdown 1.42, the lower boundary of the channel, and consolidation below this level, a direct road to 0.4090. But while thinking about it it’s too early to think, the correctional movement is a priority. And it is necessary to keep in mind, since panic is little predictable.
It is also worth paying attention to the volume that was during the fall. And it was all bought out. Someone is actively buying a coin at cheap prices.
Thanks to all my subscribers and readers for your attention!🙏
Success and profit!🤑
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EOS giving upto 143% profit opportunity by forming big GartleyA breakout from the wedge:
Hi guys and gals hope you are doing good, In my previous article that I posted on 20 Dec 2019 I depicted that since Sep 16 2019 the world’s 7th ranked cryptocurrency EOS was moving within a falling wedge and and that time it was hitting the support of the wedge for 3rd time and we had recent support at $2.35.
With hitting support of wedge the price action also went closer to lower bands of Bollinger bands and repelled from there.
and with this move the price action had completed a bullish BAT pattern therefore I predicted that the price action can move up to 70% from this level.
And at the end of December 2019 the price action took a powerful bullish divergence and produced more than 121% profit that was really a big gain.
100 SMA resistance of week chart:
After this powerful bullish move there was a strong resistance of 100 simple moving average ahead on weekly chart. Therefore we can see that while hitting at the resistance of 100 SMA the price action of EOS was also hitting at the upper band of Bollinger bands and in very next candle the moving average convergence divergence (MACD) indicator also started turning bearish and the Stochastic also gave bear cross from over bought zone and as result the priceline dropped around 45% down.
Making higher lows and a strong support:
Now let's move to more long-term monthly chart then it can be clearly examined that the price action of EOS is making higher lows the first low we had on October 2017 after that we have another low on December 2018 and the most recent low was in November 2019 this is a positive signal. And with the formation of higher lows we can see that the priceline of EOS has found a strong support at $2.16.
Harmonic move with continuity:
On long term monthly chart it can be also clearly seen that EOS is forming bullish harmonic patterns with continuation. The price action formed the bullish Shark pattern which was started on October 2017 and completed on December 2018. And from the potential reversal zone of this bullish Shark the priceline took a powerful bullish divergence and entered in the Fibonacci projection from 0.382 to 0.786 Fibonacci projection of C to D leg. After the formation of this Shark pattern the EOS formed another harmonic pattern with its volatility. This time we can see that the priceline of EOS has formed a Gartley pattern.
Now let's dig this pattern deeper to see how perfect this pattern is formed:
The initial leg was started on December 2018 and ended on May 2019 then the price action is retraced between 0.618 to 0.786 Fibonacci to complete the A to B leg of this bullish Gartley pattern after this retracement the A to B leg is completed. The C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and now it is again retraced between 0.618 to 0.786 Fibonacci retracement area and here the price line of EOS is again entered in another potential reversal zone and ready for other powerful bullish move.
Realistic buying and sell range as per Fibonacci sequence:
As per Fibonacci sequence the potential reversal zone and potential pull back or potential sell zone can be as below.
Buy between: $4.26 to $3.06
Sell between: $5.20 to $7.45
It means that realistically as per Fibonacci sequence this bullish Gartley pattern can produce up to 143% profit but once the price line will cross up the 0.786 Fibonacci projection of A to D leg then EOS can turn more bullish.
Stop loss:
Everybody can have different stop strategies but in my point of view if you are trading on harmonic moves then we can use potential reversal zone as our stop loss if the complete priceline would be closed below this PRZ level then we can assume that the stop loss has been triggered.
EOS: possible long scenarioEOS is currently at 0.5 Fibonacci retracement level and possibly forming a H&S chart pattern...
..on the other hand several times the price rejected the support zone around 3.4 price level and currently it's above 50 EMA on 4H chart (on daily it's still below).
It seems reasonable for me to start entering the market from current 3.8 price level with S/L below 3.4 and T/P around 5.5.
First resistance level is around 4.07, second one is around 4.41.
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ridethepig | Covering Some EOS Here...On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than the past two weeks.
The original portfolio position is +155% so there is no harm in taking some chips off the table. For those tracking the original entries:
Risk markets are trading more positively, I continue to think the downside remains a buying opportunity in EOS, local exchange bids will limit the downside towards 4.50. A good opportunity to cover some and recycle at the lows aiming for the initial 5.00 highs from Saturday which is the first resistance to watch in order to unlock an impulsive leg towards 7.50.
On the BTC side we remain in the same flows, with the same drivers:
As usual thanks all for keeping the likes and comments coming!
💎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! 😎
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)
EOSUSD forming bullish BAT | Upto 14.5% bullish move aheadPrice action of EOS / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.4649 to 2.4135
Sell between: 2.5877 to 2.7709
Enjoy your profits and regards,
Atif Akbar (moon333)
EOSUSD formed bullish Shark | Upto 42% expectedNov 3
Priceline of EOS / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 2.6516 to 2.3970
Sell between: 2.8909 to 3.4117
Regards,
Atif Akbar (moon333)
EOSUSD is fomring bullish Gartley | Long opportunity aheadThe priceline of EOS/ US Dollar cryptocurrency is forming last leg of bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 3.3866 to 3.3045
Sell between: 3.4511 to 3.5762
Regards,
Atif Akbar (moon333)
EOSUSD formed bullish BAT | A good long opportunityPriceline of EOS / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 3.2609 to 3.2400
Sell between: 3.3106 to 3.3853
Regards,
Atif Akbar (moon333)
EOSUSD forming bullish BAT upto 12% expectedPriceline of EOS / US Dollar cryptocurrency is forming a bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 3.1190 to 3.0625
Sell between: 3.2539 to 3.4562
Regards,
Atif Akbar (moon333)
EOSSUD formed bullish Cypher | Upto 22% potential planPriceline of EOS / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 2.7706 to 2.6080
Sell between: 2.8991 to 3.2069
Regards,
Atif Akbar (moon333)
EOSUSD formed bullish BAT | A good long opportunityPriceline of EOS / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 2.9319 to 2.8764
Sell between: 3.0650 to 3.2644
Regards,
Atif Akbar (moon333)
EOSUSD formed a bullish Cypher | Upto 11% expectedPriceline of EOS / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 3.0545 to 2.9649
Sell between: 3.1250 to 3.2944
Regards,
Atif Akbar (moon333)
EOSUSD has formed bullish Gartley | A buying opportunityPriceline of EOS / US Dollar cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 2.8542 to 2.7787
Sell between: 2.9149 to 3.0633
Regards,
Atif Akbar (moon333)
EOS Price Analysis - Sideways Trading Continues
Relative Strength Index: The RSI is currently at a healthy 41 points. This means that the market will most likely continue to trade sideways for the next few hours.
Bollinger Bands: The price is also within the bollinger bands range, meaning it will most likely stay at the same level. Moreover, the price is right on the line with the MA, further reinforcing the signal of an upcoming sideways market.
Volume: At the time of writing, the volume for EOS is nearly nonexistent. This means the market doesn't have much power to slide upwards or downwards anytime soon. This isn't surprising as it's the weekend and volume usually drops during this time.
EOS Price Prediction
The RSI, Bollinger Bands, and Volume are all signalling a sideways market. While we didn't have much positive news about EOS recently, it doesn't seem like the market is exhibiting too much bearish pressure. As such, my prediction is that EOS will continue bouncing between the $3.8 and $4 levels for the next day.
Read Full EOS Price Analysis and Prediction: NullTX
EOSUSD formed a bullish cypher | Upto 134% movePriceline of EOS / US Dollar has formed a bullish cypher and entered in potential reversal zone to hit the sell targets soon insha Allah.
MACD is turning bullish.
Stochastic has given bull cross.
Price action is getting bounced from bollinger bands support and bollinger band is expanded.
Ichimoku could is turned bullish and Lagging Span is above the candles and turning bullish.
I have used Fibonacci sequence to set the targets:
Buy between: 3.9937 to 2.9190
Sell between: 4.8710 to 6.8397
Regards,
Atif Akbar (moon333)
EOSUSD has formed bullish CRAB | Upto 263% potential tradePriceline of EOS / US Dollar has formed a bullish CRAB and entered in potential reversal zone.
From here the price action can take bullish divergence soon and hit the sell targets insha Allah.
RSI is already oversold.
I have used Fibonacci sequence to set the targets.
Buy between: 3.4192 to 1.9856
Sell between: 4.5315 to 7.2241
Regards,
Atif Akbar (moon333)