EOSUSD 1W-TIMEFRAME ANALYSIS✨EOSUSD 1W-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for Blockone EOSUSD
I expect the price to move higher...
I hope my idea is clear
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Stay Safe💯
Good luck💰
EOSUSD.P trade ideas
EOSUSD (EOS) - WEEKLY ANALYSIS ANALYSIS 🔎
- This is a double trade setup.
- EOSUSD is printing a major double bottom pattern.
- This is a bullish reversal pattern.
- At the right bottom, price action is printing a minor inverse head and shoulders pattern.
- This is also a bullish reversal pattern.
- RSI is also printing a bullish divergence signal.
- EOSUSD could be on the verge on a Long term uptrend.
FIRST SETUP
- This setup is the minor inverse head and shoulders pattern formation on the right bottom.
- This is a trend reversal pattern
- Bullish pattern to be precise.
- Price is approaching the inverse head and shoulders neckline resistance (1).
Buy entry ⬆️:
Aggressive (risky) - current market price (now).
Conservative - breakout above the inverse head and shoulders neckline resistance (1).
Targets 🎯: horizontal resistance level R2, horizontal resistance level R3 (neckline resistance (2)).
Setup invalidation ❌: breakdown below the right shoulder's horizontal support level (S1).
SECOND SETUP
- This setup is the major double bottom pattern.
- This depends on a successful outcome of the first setup.
- Price will be testing the double bottom neckline resistance (2).
- Potential breakout above the neckline resistance (2).
Buy entry ⬆️: breakout above the double bottom neckline resistance (2).
Targets 🎯: horizontal resistance level R4, All Time High (ATH) resistance, MOON🔼.
Setup invalidation ❌ - Breakdown below the All Time Low (ATL) horizontal support level.
Enjoy 🥂
EOS - $7.39EOS is currently trading above the support zone of $3.05. EOS has been lagging in price action and is in a consolidation zone so a breakout is expected. As long as it is above the support zone at $3.05, we could start seeing a move towards $3.66 which is a key resistance area to break. If this resistance gets broken and if EOS can close few daily candles above this zone, we could start seeing an impulse move towards $4.02, $4.38, $4.88, $5.53 and $7.39. Failure to hold the support at $3.05 could lead to a move towards $2.88 and $2.50
EOS (EOS) • Range breakout likelyEOS looking like it will break range resistance and start a weekly timeframe uptrend.
Check video for thoughts on it.
EOS going to test range resistanceHas been in a range since 2020 between 2.4 and 3.9. Breakout will send it to 5.9.
EOS LONG. BREAKOUT INC. BREAKOUT COMING, CANDLE MUST CLOSE OUTSIDE OF TRIANGLE ON THE WEEKLY (TODAY IS FRIDAY)
IF WE DO INDEED SEE A BREAKOUT, I AM EXPECTING A RETEST AT THE 3.20 RANGE ON THE NEXT WEEKLY CANDLE (FRIDAY WOULD BE 2/12) BEARISH CANDLE CLOSE. IF THIS CANDLE CLOSES BEARISH ON THE WEEKLY ON THE 2/12, WE ARE EXPECTING IT TO FILL THE RANGE AT 22$ PER, CURRENTLY 1:7 ON YOUR RETURN. AND MORE THAN LIKELY HIGHER.
