EOS Channelling Higher with 4.3 TargetTrend Analysis
The main view of this trade idea is on the 2-Hour. The cryptocurrency EOS found some support around the 3.20 price level on July 20th 2021 and began making higher highs and higher lows over the past week. This chart pattern appears to be a trend channel. EOS is expected to continue to move higher towards 4.3 in the short term. A negation of this move will be a close below 3.66.
Technical Indicators
Along with the upward trend channel, EOS is also currently above its short (25-SMA), medium (75-SMA) and fractal moving averages. Recently there was a positive crossover on the KST and the RSI continues to trade above 50. Since the rally off from 3.20 lows, the cryptocurrency’s RSI has mostly been below overbought territory.
Recommendation
The recommendation will be to go long at market. EOS’s target price is around the 4.30 price level and its indicative stop loss is around the 3.60 level, near the higher low of the trend channel. This produces a risk-reward ratio of 1.73.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EOS .
J-EOS
EOS going beyond $5All right, we can see that the price managed to break the resistance of the up channel yesterday which started around $3. Bulls pushed the price above $5 mark yesterday and then we witnessed a correction to 4.60 due to a profit-taking interest among the traders. Buyers reloaded at 4.60 and we can see that EOS is forming a good support at $4.80 now (which was the top of the channel before).
EOS - Trade PlanEOS has broken out of its trend line and has pulled back to its downtrend line. We can observe bullish price action which is encouraging. I am targeting the previous Resistance level of $4.72, for a potential gain of 12% and a tight stoploss below $3.80. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Broken Resistance - New SupportBulls have pushed recently and the price bounced back up from 50 MA (blue line) as expected. The bounce brought the price back to the up channel. The resistance at 4.50 has been broken and now EOS is finding good support there getting ready for its next move to the upside.
False Breakout, Support at 50 MAWe can see that bears tried to break down the up-channel on 4 hours chart, however bulls are still in control and EOS has found a good support at 50 MA (blue line) and it could not get broken for the past several days. Also, we can see MACD lines are about to cross each other soon and the orange line to go below the blue line which confirms buying signal. Following these indicators, we could expect the price getting back to the up-channel and eventually breaking the next resistance at 4.50 mark.
🔥 EOS Gradual Move Upward: Volatility ExpectedLike many other coins, EOS is currently seeing a moderate bullish move. Compared to other tokens, EOS appears to be lagging behind in terms of gains.
Since EOS has seen such a gradual gain over the last few weeks, I'm expecting a strong move in the near future. It often happens that a token goes up for a while and then there's this sudden +20% day.
Main target is the second resistance on the chart, around the $5.40 area.
Happy trading!
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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Eos (EOS) - August 7Hello?
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(EOSUSD 1W Chart)
If the price is maintained above the 4.0849-5.1 range, it is expected that the uptrend will continue.
(1D chart)
If the price holds in the 3.6732-5.1 range, it is expected to turn into an uptrend.
To continue the uptrend, it must move above the critical point of 6.4053.
If it falls from the 3.6732 point, you will enter the mid- to long-term investment area, so careful trading is required.
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(EOSBTC 1W chart)
If it rises in the 8560 satoshi-30400 satoshi section, which is the bottom box section, it is expected to create a new wave.
If the price holds above the critical point of 14700 Satoshi, we expect the uptrend to continue.
Looking at the big picture, if it rises above the 47210 satoshi-53210 satoshi section, it is expected to break out of the trough section.
(1D chart)
It remains to be seen if the 9970 Satoshi-11130 Satoshi section can support and rise.
If the price is maintained above the 11130 Satoshi point, it is expected to turn into an uptrend and rise.
If it falls from the 9970 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
However, it is possible to touch near the 8560 Satoshi point and rise, so be prepared for this as well.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
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.
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eos analyzeToday, we will analyze the IAS currency, Saturday, August 30, in a time frame of 4 hours in Sarai Bainance. Stay with us.
As you can see, according to the chart above, the price of this digital currency is still fluctuating within a range of no trend, which successfully broke the minor resistance of 3.75 cents, and we expect the price to be in the range of 3.77 cents to the current price. Ready to go back up.
If you are planning to enter, it is suggested that after completing the price pullback and forming an ascending candlestick, you enter the temporary range of the range of range (4.30 cents) in the medium term and in case of failure, it will grow to the specified targets.
The downside is 3.75 cents and the downward trend line is around 3.70 cents.