EOS/BTC TA Update (Bulls getting ready?)EOS/BTC
EOS broke the trendline resistance from the high 4650 sats and now holding the EMA 26 plus 50MA support on the 4H timeframe.
We can see a potential 1st higher low is being set at 4060 sats. From a bullish standpoint, this higher low is our key guide for the uptrend and if the price breaks this.
Potential uptrend will be invalidated and EOS will continue a deeper correction. But if everything goes well, the upside target is up to 4600 sats.
EOSBTC trade ideas
EOS/BTC 12H (Binance) Falling wedge breakout & ready to flyEOS is looking ready to retrace after this clear breakout.
We can see how Price Action respected EMA20 (red one) in both uptrend and downtrend.
If we close above it, we are definitely bullish but I'm expecting a retest that's why I put a lower entry:
Buy Entry= 0.0004176 - 0.0004116
Take Profit= 0.0004394 | 0.0004748 | 0.0005000
Stop Loss= 0.0003897
Risk/Reward Ratio= 1:1 | 1:2.42 | 1:3.43
Expected Profit= 6.01% | 14.52% | 20.60%
Possible Loss= -6.01%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
EOS bullishEOS look bullish, trying to get above 4200 resistance again. This time with long candle, so it gathered momentum for that move. Unless volume come in, will be stopped around 4237 and pull back to 4120-4165. That is out first long entry. next impulse can push price higher to ~4350-4400. With 10x leverage 55-70% profit. Want it? Take it!
Buy zones 4150 / 3960 / 3640
Targets 4360 - 4490 - 4690 - 4940 - 5160
#EOS - Ascending Channel, Bearish ViewThe coin is moving inside the ascending channel which can be considered as a bearish flag (bearish pattern) . Key resistance is 4230, before one is 4175 (point where is would be profitable to sell) . Breakout of the ascending support will lead to the continuation of the dump.
Where Are The EOS Bulls At? - Breakout Is ImminentTwo charts that explain why I'm super bullish on EOS/BTC
1)
- The EOS price has broken out above 40k satoshis on January 14, and the rally lasted until February 14. Since then, the price has returned and avlidated the breakout level. This is a very common movement that leads to another upward move the majority of the cases.
- In addition, there is even more support given by the 200-day MA. The price has reached it twice and created long lower wicks each time - another bullish sign.
2)
- The 6-hour chart is also bullish and shows a descending wedge that has been created (bullish reversal pattern).
- In addition, the RSI has generated significant bullish divergence throughout this pattern.
- All of this is happening inside a crucial support area, so a breakout feels at hand.
- The first & second targets are at 46,000 & 53,000 satoshis.
EOS/BTC - leading diagonal, intraday setupEOS is master in forming raising wedges, very popular pattern on this crypto. When you see raising wedge in the 1st wave, it´s called LEADING DIAGONAL - it means, that we won´t see dump below the low, but we will only see retracement to 0,382 or 0,618 and then we will see 3rd wave up. I highlighted two supports and price should bounce from one of them and continue higher.
EOS ANALYSIS (WILL TEMPORARY SUPPORT HOLD?)EOS ANALYSIS:
EOS recently was rejected at the daily resistance and fallen down to a temporary support. This support has formed a small rising wedge that has just broke. Therefore, I expect EOS to fall back towards support near 4100 sats. I expect this temporary support to hold on the double bottom. Following the hold here, EOS should be positioned for a nice run back up! My main targets to look for are 4440 sats, and T2 at 4600 sats. These are local tops that will be the next line of resistance, a break of these would bring in the final target to previous at 5180 sats. I do expect this to be breached, given that the temporary support holds. If the current support breaks, 200MA at 3800 sats would be incoming. I do not see 200MA breaking anytime soon.
EOS - super deluxe SHORT setup ?EOS is amongst highcaps (ADA,BCH,ETH,TRX,XRP,EOS) the most bearish and very likely started downtrend, because from the top, EOS already dropped 27% and those were really impulse downside moves. Now price formed probably ABC correction and wave "C" has shape of raising wedge. We should probably see one last move to the upside, but then EOS should drop very hard once again. I will be very patient with my SHORT entry, but I really don´t want to miss that, this setup will have just perfect risk reward ratio.
EOS ANALYSIS (JUMP BACK TO DOUBLE TOP INCOMING)EOS ANALYSIS:
EOS invalidated temporary support after breaking down from 5200+ sats. A quick scam quick down to 200MA was eaten up by bulls, showing strength in the coming bull run. I expect a further rise from here and a breakout from the wedge. Look for T1 at 4350 sats, T2 at 4510 sats, T3 at 4840 sats, and lastly 5100 sats. T4 will peak off at a double top, I would recommend to move stop loss up in this case due to possible chance we break thru to new highs. A break of the 100MA at T1 is highly expected . Volume should jump back in as buyers eat up the sell walls on the way back to daily resistance block.
Possible Entries: 4245 sats
#EOS - A Bunch of Bullish Factors!📍 #EOS UPDATE
EOS is really bullish now.
1. Broke through the strong ascending level and now taking hold above the one.
2. There is a bullish convergence on many oscillators, on others - the value is in the oversold zone.
3. The downward wave 1-5 has finished and it perfectly corresponds to Fibo levels.
There is a small chance that ABC correction has ended there here, but it is really small. Overall priority is bullish and the positive movements will continue, we can easily expect this coin to reach 4600 in the short-term period.
$EOS, Sitting over ~4100 sats support level matching EMA200 ...$EOS
Sitting over ~4100 sats support level matching EMA200 on the 12H..
RSI reaching oversold for 2nd time
If it does not manage to hodl then we may see another drop back to ~3300 sats (looking for S/R flip as entry)
UCTS showing sell signals across all LTF and 1D.
#EOS