EOS consolidationEOS currently holding at a level of daily support in a consolidation box. Price has not been this low on EOS since 2017. Looking to possibly take a long from the bottom of the box, or possibly a short pending break and retest of current daily support level. Also EOS looks to have broken out of 2 long term downwards channel - but there still does not seem to be much upwards momentum there currently.
EOSBTC trade ideas
Speculative EOS vs BTC chart > love it. hard not to like this EOS setup. I assume we're in final stages of accumulation.
Already in, but would love one more dip (that I would obviously buy) to reinforce my theory, that would create bullish RSI divergence on 1D.
Couple of more long-term trendlines to be broken, but I believe we're in for one hell of a ride in coming months.
1W bullish RSI div on weekly already established.
EOS/BTC(MONTHLY), GIANT BULLISH SHARK PATTERN,90 TO 400%I have already posted my short-term to mid-term analysis earlier but this is a big picture, long-term analysis of EOS. For investors or swing traders, the upside seems much larger than the possible downside of 20% or so. I am both a day-trader and a swing trader when I have time and a swing trader when I'm busy with my personal life so I always consider both perspectives, trades that will give me gains short-term and should my schedule become super busy, the long-term as well.
It's forming a bullish Harmonic on a large TF so high chances of it playing out and is also completing a falling wedge on that high TF as well, so long-term (like months going forward), I am optimistic about EOS. Additionally, the harmonic on such a large scale, I wouldn't be surprised if it took a bullish turn before completing the harmonic given the downside vs. upside.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
EOS/BTC (Bullish Pattern Break?)EOS/BTC
-starting to break the trendline resistance
-if the candle closes bullish green
-there is a high probability to change the trend
-the technical pattern we have is an ascending triangle
-the upside potential is up to 3300-3800s
-stoploss is placed under a previous higher low at the 2750s
EOS 100% Potential Mapped With Fib. TargetsHere we have EOS (EOSBTC) mapped on the daily (D) timeframe.
Looking at other altcoins, what EOSBTC is experiencing now is the reversal point... Just as prices broke below support, they can easily move back up.
If this altcoin pair follows the smaller ones, we will see EOS start to grow... We've been bullish all along.
Click the image below to see more:
Namaste.