EOSUSD.P trade ideas
EOS what next?EOS was a fairly popular project in 2017, 2018 and then quickly sank into the past when it was continuously surpassed by new projects such as SOL, DOT.... Innovation comes to EOS in early 2022 by changing the entire leadership team, development vision and future direction. On September 21, EOS conducted a hardfork to renew its own blockchain. EOS calls itself independence day. With the market showing signs of recovery, EOS will also take action to push the price up, which is quite evident in the chart structure of EOS.
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 1.134 support level. Only the upward break of 1.228 would cancel the bearish scenario.
Trade details
Entry: 1.134
Stop loss: 1.228
Take profit 1: 1.083
Take profit 2: 1.000
Score: 8
Strategy: Bearish breakout
EOS now at Buy Target at end of 1st ABC correctionEOS is now at my Buy Target since it appears to be at the end of its first ABC correction.
Bullish on EOS, as it has completed a Bear Market cycle after retracing, which means its next move should be a run up toward
an eventual Fib Extension of its previous All Time High.
EOS was also already sued by the SEC and settled, so it has more regulatory clarity than most in the crypto space.
EOS - final wave in the beginningShort things short:
Coming from the top at $1.95 EOS has done a ABC in 5-3-5 with finishing the C leg at a 4.236 fib
This is the minimum requirement for continuation upwards
Final target remains above $2.20
Hold my beer pls
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No financial advice, do your own research, don't be stupid
EOS Big PictureKeep it simple in LOG scale
1) 2018 massive bull run
2) correcting since then in a hell of a bull flag
3) bounced off the low 0.786 / 2.618 confluence
What could be next?
a) start a new uptrend and break upper trendline > $12
b) continue correction towards 0.886 level @ $0.60
Hold my beer pls
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No financial advice, do your own research, don't be stupid
EOSUSD - Inverted H&S Breakout A Large dominant Falling Wedge structure containing a head and shoulders pattern.
This inverted H&S pattern has already formed the left shoulder and the head, with the right shoulder yet to form
I see in this chart the right shoulder leading to a breakout of the overall falling wedge and pushing price up to a very strong resistance point. Shown with the horizontal red line.