EOS buy zone $0.52 and $0.60.EOS has had a good month, with clear signs of being oversold. There are also many signals indicating a potential reversal. However, the seller's index is still high, making it easier for the price to drop further.
On the weekly chart, there are signs of strong selling pressure but also signals pointing towards a possible turnaround. The 'money flow' indicator is in the red zone, indicating ongoing selling activity.
The three-day chart shows no manipulation and presence of sellers. Yet here we can see a promising buying zone emerging between $0.52 and $0.60.
As for the daily chart, it's neutral. As Bitcoin moves, so does this asset.)
EOSUSDT.P trade ideas
Full-fledged uptrend begins: above 1.870Hello traders!
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(EOSUSDT chart)
The biggest drawback of EOS is that it failed to expand the coin ecosystem.
If the existing community is functioning properly, I think there is a possibility of maintaining the current coin ecosystem.
However, since it is unlikely that additional tokens will be issued to networks that fail to expand the coin ecosystem, it is expected that the coin ecosystem will gradually decrease.
It is necessary to confirm whether there are any moves by the foundation to expand the EOS coin ecosystem in the future.
(1M charts)
In order to see a full-fledged upward trend, I think the price must rise above the MS-Signal indicator and maintain the price.
However, since the currently formed box range is between 1.870 and 40169, the key is whether it can rise above 1.870 unless the box range is formed again.
(1W chart)
In order to rise from the bottom, the price needs to rise above at least 1.331 and hold there.
Accordingly, the key is whether it can receive support above 0.842 and rise above 1.003.
(1D chart)
From a short-term perspective (1D), a volume profile section is formed at point 1.1.
Accordingly, the key is whether the price can be maintained by rising above 1.003-1.1.
As explained in the 1M chart, it is expected that it will completely break out of the bottom zone only if it rises above the 1.870 point, and there is a possibility that a full-fledged upward trend will begin.
If it falls below 0.763, there is a high possibility of entering the bottom again, so caution is required when trading.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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EOS/USDT successful reclaim and breakout from a key resistance.💎 EOS has been a notable focus in the financial market, recently showcasing a successful reclaim and breakout from a key resistance area. Past instances saw EOS undergoing false breakouts, but the current situation appears to be a valid breakout. This development suggests a strong likelihood of significant upward movement, with the probability next target being the bearish OB area.
💎 However, should EOS retreat to the retesting phase and fail to sustain above the support level, which previously acted as resistance, it could indicate another false breakout. Such a scenario might result in EOS reverting back to the demand area.
💎 In the demand zone, a robust response is crucial for EOS. If it fails to demonstrate a significant bounce from this area, there's a risk of breaking down further. This could indicate a shift back to a bearish trend for EOS, potentially leading to a descent towards a stronger support area.
EOS/USD Anticipating a Bullish Turn from Key Support? 👀 🚀EOS💎 Paradisers, let’s zoom in on #EOSUSDT as it’s prepping for a potentially rewarding phase. Currently anchoring at a crucial support level, it is showing signs of a forthcoming bullish move.
💎 Observing #EOS recent performance, it’s maintaining strong momentum above the EMA. If this momentum persists and it continues to hold firm at the key support level of $.0730, we might be in for a bullish ride. A successful hold above this level could see #EOS making strides towards challenging a robust resistance. Overcoming this could further enhance the likelihood of countering the bearish Order Block (OB).
💎 However, in the fluid realm of crypto trading, #EOS traders need to be ready for different market scenarios. If it faces difficulties in maintaining its ground above the $.0730 support, a recalibration of strategy might be in order. This could mean gearing up for a bullish recovery from a lower support at $0.635.
💎 Should #EOS dip below this $0.635 support level, it might suggest a tilt towards bearish market sentiments, potentially leading to an extended downward movement.
EOSUSDT - BEARISHPsychology:
As You can see on a Chart there is a Bearish Flag, this Show that price will go Down, But the Main thing is what is your entry because it is very important.
Your Entry price must be last Lower Low, In EOSUSDT is 0.732 and Stop Loss Must be 0.771, Take Profit is 0.662.
Order Type: Stop Limit.
Position: Open Short
Short USDT: 0.725
Limit: 0.732
RISK: 1:1
EOS my first big targetIf we look at weekly timeframe, EOS already broken falling wedge pattern
profit target from this pattern is very far at 1.925
but we also have fibonacci 50% at 1.222 as previous resistance
At daily timeframe, NYSE:EOS also perform a nice and strong channel up pattern
target from this pattern at channel up resistance, around 0.923
If we look at hourly timeframe, eos also perform a very trong bullish with curvey wave
nearest target for eos at previous high at 0.843
EOS Road to impulseUsing line chart for clearence.
My macro outlook on EOS gives bottom signs. So current impulsive looking structure and the idea of buying a 3 wave pullback stands.
Even tho that generaly i am torn in crypto space between 50% -50% if we are actually bottomed.
Cant ignore the clear signs of market that alts are forming impulsive waves
As an Elliottitian, i have to take those.
Eos potential targets Quick eos update -
T1: $.610
T2: $.734
T3: $.819
T4: 1.066
T5: $1.256
T6: $1.54
These are my targets on eos
The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.
EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.
The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.