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Larimer

Bearish EOS in a Bullish Crypto World 2If EOS lags behind everything else again and goes below 50th in CMC, it will mean the end. December 2021 will be the saddest and most depressing bullish Christmas for EOS holders, B1 fanatics, and Dan's cult members of the lower ranks. Meanwhile, Brendan will have the best Christmas for finally eliminating its only liability in the most efficient and legal way. All thanks to his awesome lawyers, his now-wealthy family, and support from the Block one board.
BITFINEX:EOSUSD
by mash-inns
Lucrative Short on $EOS Incoming$EOS is a coin that we have not frequently covered, so we’re going to go ahead and do so in as comprehensive a manner as possible in this price analysis article here. $EOS Price Analysis Rather than wasting time, let’s just get right to it. In the picture that you see above, we see a potential for the confirmation of this downtrend line. In the above chart, we can see the ‘beginning’ of the downtrend where the highest box is located, with the second box providing what could potentially be a second point of resistance that was tested to establish the downtrend line. However, it is this next bit of price action for $EOS that will help determine whether or not this downtrend is confirmed or proven to be effectively valueless. We say this because, typically, a trendline must be tested three times before it is deemed to be a legitimate point of resistance/support. It is also worth noting that we are on the daily resolution, so the supports and resistances that we map out at this point are going to be substantially more impactful than they otherwise would be. What Do We Do From Here? The next step in our mission is to figure out the likelihood of $EOS breaking over our supposed downtrend resistance on the daily chart. Apparent Bear Flag Formation on the Daily Chart So that dictates that the future price action should decline precipitously: So, since we’ve established that we have a firm belief that the price is going down, let’s see if we can confirm that with the presence of some additional indicators Relative Strength Index (14) The RSI(14) actually defies our expectations that the price should be headed downward. The line that is drawn above shows that there is a solid 'uptrend' in the RSI. This means that the price has been slowly gaining momentum over time (consistent higher lows). MACD (Moving Average Convergence Divergence) However, the MACD tells another story. As we can see on the chart above, the bars on the histogram are steadily declining, which is almost always a key of (at the very least) consolidation, which normally precipitates a reversal in the price action/trend (which has been upward in recent days/weeks for $EOS). Zero_n0ncense Reversion Ribbon What one can witness above is the most sophisticated iteration of the MACD indicator ever created. Specially tuned to track the ‘heat zones’ of buying/selling pressure via candlestick color changes and fills in between the signal and MACD lines (green to red of varying degrees of greenness and redness), this indicator is programmed to let us know with specific accuracy what is going on. And, from what can be observed at this point, the indicator has signaled that the price will continue to decrease from the point that it is at currently. So, we’ve racked up another confirmation of bearish activity for $EOS on the daily resolution. Zero_n0ncense RSI Balance of Power This is yet another custom indicator that is purposed to grant individuals the ability to discern the momentum of buying vs. selling. In the chart above, we can confirm heavy selling pressure at this moment in time. Support Points $4.40 is the longest shot short on $EOS right now and the most solid support for $EOS that we can identify at this point. When you scroll out on the chart, its easy to see why: Conclusion Here’s the R/R on the trade:
BITFINEX:EOSUSD
by librehash
8
EOS: Time to Find Your Inner BearFor this price analysis, I’m actually going to look at EOS on the USD side of things. EOS Price Analysis The first thing that’s worth noting is the fact that $EOS failed to hit this major overhead resistance point (thus far): So, there are a couple reasons why this is important. 1. It appears as though the momentum for $BTC #Bitcoin is beginning to wane at this point in time. Usually, the market follows $BTC (at least the majority of it does) and $EOS is really no exception to that rule. 2. There are no serious fundamentals that are supporting the price of $EOS that would suggest that it is immune to this break in the markets if the author’s prediction that $EOS is headed down is correct. 3. This recent increase in the price of $EOS has left the price largely over-extended for the most part, and it is now reading overbought on all RSI charts. This is especially not good when you’re in a bear market. It’s almost always worth betting against an overbought chart in a bear market. Above, you can see a clear bump and run chart pattern formation. This is very classic in cryptocurrency, and nearly always comes to fruition. The RSI is screaming ‘get out’ as well. Let’s Look at Some Potential Support Points In the picture above, there are a couple that individuals should be directing their attentions to. One of those = the uptrend line that is directly under the price (on the ‘bump’ portion of the bump and run). As you can see above, that’s only a 3% drop. Thus, this is more than likely a point that will be broken straight through. This has not been tested at all. Ichimoku For those that can see the Ichimoku below, it is resting on our original uptrend line as well; so that’s not going to give us too much information on what’s going on. Potential Re-Touch of the Main Uptrend Line (Most Likely on a Consolidation) If this occurred, the following drop would be substantive at -13.66%, which is a great gain for a shorter (if one is looking at those options). This seems to be the more likely possibility. However, with a bump and run pattern, there is always a major possibility that the price falls even lower than that. In the even that this did happen, it would lead to a much more precipitous decline in the price. Ascending Channel spotted on the H4 as Well It appears as though the price has just touched the top of this channel (which was just established, so don’t beat yourself up if you did not short from this point immediately; no one could have anticipated that). The reason why the author states that no one could have anticipated that is because there’s a chance that an ascending broadening wedge could have formed itself instead, which would have been an entirely different scenario. So, this needed to happen in order for us to get the ‘larger picture’, if that makes sense. Conclusion Given everything that we know, a short almost seems to be the most logical move at this point. The price is already pretty overextended on EOS as of now, and it appears as though the momentum is beginning to wane substantially on the RSI on all time frames. Therefore, this is the author’s R/R trade for the short:
BITFINEX:EOSUSDShort
by librehash
5
EOS led by Dan Larimer backed by block.oneEOS has remained in the top 10 cryptos based on market cap even after the last two months of bitcoin pulling back. The EOS ICO ends in June 2018 and this coin is holding up quite well considering there are two millions coins created everyday. When looking for a solid crypto, team and their reputation is everything. Larimer has had multiple successful projects such as Bitshares and Steemit. This year 2018 will be the year of DAPPS and who can actually deliver a product. Larimer's team along with block.one have already started to deliver with the Airdrop of Everpedia. Price Action: Support seems to be holding strong at $6.86. If this level gets broken, I don't see it staying down below for long and could be a short term fat tail. EOS seems to be in a consolidation phase between $6.86-$11.19. We may need to get back above the 20 day SMA ($10.95) before we attempt to break back above the ATH at $18.76. See site for Whitepaper: eos.io Larimer: www.forbes.com block.one: www.block.one
BITFINEX:EOSUSDLong
by Theta_Futures
5