EOSBULLUSD trade ideas
Strong Case for EOS if $3 HoldsI've been watching EOS for quite some time and the platform if pretty great.
My goal is to invest in blockchain platforms mainly and this to me looks like a great risk/reward opportunity. Even if EOS goes down honestly, I'd be mad at myself if I didn't at least pick some up at these low prices.
Great project. Good price.
But you decide for yourself ;)
EOS, The Accumulation PhaseThe Accumulation Phase:
The accumulation phase is a stage of consolidation. There is no clear trend, and the stock is usually trading in a range. It’s a span of time in which traders and institutions are slowly accumulating shares, but the market has not broke out yet. It’s also referred to as a “basing” period. It begins after the completion of a downtrend where the sellers have started to let up and short sellers have started to take their profits.
Target Points: 30-45-70
Stop loss: 1.88$
EOS about to break out?Most of my notes are in the chart. This chart is on EOS 1 Week Timeframe.
Almost every time the VWAP rounds up on CIPHER B indicator on the weekly timeframe EOS 2Xs over two weeks time. It is currently near a bottom on the CIPHER blue waves. Money flow is heading up. Its nearing the end of the triangle. It re-tested 2.48 and bounced.
I bought in at 3.27.
This is not financial advice. BTC is currently struggling.
BIG BULLY EOS When you just lost faith then you just know its the right time to buy, watch this little freak go crazy in the comming months.
Targets 3,7, 4,1 5,6-6,1 8,6 14, 20, 44
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Everyone is scared like chickens right now, paper hands die in this markets money management is key and never put yourself out of position. It's your responsibility to still be in the war. ,>
EOS Daily Cup and Handle + Ridiculous risk/reward setup. EOS is no drama obama when we just look at the charts. Let's dig into it.
- Daily cup and handle.
- Strong fundamentals only getting stronger.
- Widely hated coin.
- Strong community.
- First real DAO.
- Lots of whale action.
- Heavily shorted and almost out of room.
Let the short squeeze cannon go boom! See you up there.
#chartporn #seekingconfluence #perspectivematters
EOSUSD (4H) Bearish breakoutHi Traders
EOSUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 2.98 support level. Only the upward break of 3.57 would cancel the bearish scenario.
Trade details
Entry: 2.98
Stop loss: 3.57
Take profit 1: 2.62
Take profit 2: 2.03
Score: 7
Strategy: Bearish breakout
ESO Triangle Pattern ScenarioEOS on high frame chart has a Triangle Pattern if the price breakout positive or negative the price will run very fast.
you can buy and sell on fib lines or on the previous candles tops and rejoin a breakout or retest.
Best of luck to all traders please share with me your ideas if this Scenario going to work or not. don't forget your stop loss.
Happy trade
GRAND MASTER PLAN FOR EOS. Time to riseHello ,
This Idea on Eos is based on a simple Elliot wave count. The chart is pretty self explanatory as I have done most of the explanation on the chart
the last wick down to approximately 2 usd , was a good test of the monthly support , if price can hold this 2 dollar level , we could be poised for a
good impulse wave up. Start of intermediate wave 3 of the primary wave 3 , which is often the longest wave in the cycle.
The risk reward here is very good as the covid lows have proven to be major support level across the crypto markets.
A break of the march 2020 lows would be an invalidation of the trade setup
I will update the idea with time,
Disclaimer : This is not trading advice :)
If this idea helps you and you feel generous would like tip me.
here is my EOS
address : binancecleos
memo : 107043523
Any help is greatly appreciate. Best of luck and happy trading folks
EOS Resets with Continued Large Wave 2 PullbackEOS (EOSUSD) appeared to have the much-sought-after 1-2,i-ii setup in place, but then it crashed right through support below and invalidated not only the nested setup but the entire 1-2! The primary PURPLE pattern is invalidated , which means that the correction that started after our May 2021 top has continued all the way into present-day. In other words, EOS has followed our bearish RED alt pattern that had been lingering all along! BCH, ETC, and FIL have suffered similar fates as they, too, have hit lower lows.
Well, that's a lot of doom and gloom. What's the silver lining?! Since the big pullback never ended in the first place, that means we never actually started our big 3rd wave rally. And that means that our unimpressive former 1-2 setup is dead. And THAT means that we may actually see a better 1-2 setup now. EOS can go as high as it wants now since there is nothing in place at the moment.
That said, 1st subwaves typically project to the 0.382-0.618 extensions of the previous higher-degree impulse, so I have a rough target range of 6.04 to 10.86 for a minimum 2x return (shown with the new GREEN primary pattern ). This GREEN pattern sees the larger correction as a double-zigzag, which is a zigzag pattern whose subwaves are also 3-wave corrective zigzag patterns. Double-zigzags (or double-threes) are notated with W-X-Y nomenclature in order to reduce confusion with the A-B-C subwave labels within each wave.
If that's not exciting enough, there is a strong confluence at the 1.00 extension overhead at 28.00... If not on this rally, the 3rd subwave could certain stretch there or higher!
There is no strong sign that this pullback is over, so we may still dip lower in EOS. However, if you've got moxy, it may be a great time to buy EOS. And if you're not sure but would like to get in on the action, dollar-cost averaging (DCA) is highly recommended. So far, we have a micro 1-2 possibly in place but will need to see more bullish action to convince us that there won't be a lower low. BTC and ETH, meanwhile, have had much more vigorous and convincing bounce-backs since the crash.
Bigger picture, wherever EOS tops, it would likely coincide with the MAJOR top for Bitcoin and Ethereum. While BTC and ETH will likely crash really hard, the altcoins may only pull back correctively into a lower-degree Wave-2, which could set us up for astronomical returns farther out in time. We may get many months to load up on EOS and other altcoins whose 3rd wave rally may coincide with a bear-market rally within BTC and ETH (a B-wave rally during the major 2nd wave).
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#eosio #eos #blockchain #venezuelablockchain #eosvenezuela
EOS price analysis
EOS loses 13 percent in price after the latest crypto recession
EOS records one of the biggest declines over the past 24 hours after losing 13 percent in price
Trading volume fell 35 percent as the price moved below the 50-day EMA
The Crypto market recedes into another mass-scale dip
EOS price analysis over the past 24 hours shows one of the biggest declines in the market for the token. Price fell more than 13 percent on the day, moving as low as $3.28. In doing so, EOS also fell below its crucial 50-day Exponential Moving Average (EMA), which suggests that a significant bearish outlook is on the cards. The extent of the decline was also seen in the trading volume for EOS that fell more than 35 percent over the last 24 hours, indicating the formation of a stagnant market.
The larger cryptocurrency market fell into yet another large-scale dip, the third already for this month. Bitcoin dropped more than 6 percent, sitting at $47,600, whereas Ethereum dropped 7 percent to find itself just above the $4,000 mark. Major Altcoins showed the biggest dips, led by LUNA (8 percent), and Cardano, Solana, and Litecoin receding 7 percent each. EOS took the biggest losses on the day with its 13 percent decline.
EOS :2021 - 2022Apparently I (and everybody else bullish on EOS) have been humbled by the market :(
It seems EOS is sitting on an important juncture of bullish and bearish channels.
If we go down, we may go down below $1
If we go up, the battle is still on to go above $12/$13 and break out of the downtrend channel.
The crypto climate (mass psychology is extremely bullish) is starting to look like the top maybe in, the risks start to outweight rewards.
EOSUSD (1H) Bearish reversalHi Traders
EOSUSD (1H Timeframe)
Waiting for the downward break of 3.97 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 4.11 would cancel the bearish scenario.
Trade details
Entry: 3.97
Stop loss: 4.11
Take profit 1: 3.90
Take profit 2: 3.76
Score: 5
Strategy: Bearish reversal