EOS - Wave C completion ✅EOS is currently in a higher timeframe ABC correction. The chart posted is showing the C wave in detail, which has 5 subwaves. We can see that subwaves 2 and 4 are ABC corrections and now we are currently in the 5th and final subwave.
We have marked out the extreme lows for EOS which falls at 1.365. It is possible we may retest that level before we start the bullrun. For the 5th subwave we are currently in, its likely we'll see a descending correction for the completion of C wave. The bigger trade is the buying of EOS from the bottom, which we can identify better once more price action appears.
Trade Idea:
- Wait for more price action to appear
- Likely it will be a descending wedge, which we can mark out
- Watch for break of descending wedge and enter
- stops below the wedge
- Targets: 3.6, 6.4.
- Longer term targets: 9, 14
What are your thoughts? Let us know below!
Goodluck and as always, trade safe.
EOSUSDT trade ideas
What are you up to EOS?If you zoom out on a daily chart, EOS had quite a brutal 12 months, from braving $15 (14.9-ish) to barely worth half a bottle of Fiji water.
It looked like EOS was ready to retrace a little yesterday, but I was early on volume, it was 50/50. Today however volume % is in a decent range, and general TA metrics are ripe for a retracement (again).
Two things can happen at this S/R grey channel, Bulls will try to pump last minute, or a mild retracement towards 2.44.
Volume profile shows the Bears dominating today, making the retracement a more likely outcome (but I'll wait a few hours to make a decision).
Burdened with 2 descending channels, EOS is still eyeing 2.8 and 3-2.9 range. Both are Fibonacci levels, so it's not set in stone. Either way, channels are king on this chart.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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EOSWhy EOS?
Over the last few months, members of the $EOS community formed the EOS Network Foundation. The community voted to effectively fire B1 and to instead take power into its own hands. This made EOS the world's largest DAO, other than Bitcoin.
One reason $EOS received so much early hype is that the technology is superior to every other chain. This allows developers to build applications that aren’t possible on other blockchains. 4 years later, $EOS remains the most performant & battle-tested Ethereum alternative.
The issue for $EOS was a lack of leadership & coordination. Everyone expected this to come from B1, but it never materialized, so most people left $EOS for chains like Avax, Fantom, Solana, etc…that has now changed because of the EOS Network Foundation.
This change is why you see people like Dan Larimer and many others returning to $EOS and saying they are “all in”.
Next month, a catalyst event is coming: EOS EVM. This will bring plenty of dApps and users to $EOS. Lots of developers are planning to build apps on $EOS this year because the tech will enable next-gen apps. Plus, transactions are FREE.
The other major catalyst that is taking place right now are all the #EOSIO chains uniting and working together. That means you have
$WAX, $EOS, $TELOS, etc working together.
$EOS at one point was the #3 coin in all of crypto. Its price was over $20.The chain finally has leadership, funding & coordination thanks to the EOS Network Foundation.
Best regards EXCAVO
EOSUSDT Long setup to 2.38?It seems EOSUSDT is developing towards a nice setup. Based on our strategy we can expect this crypto pair to test the structure candle marked in the blue box. However this isn't enough to just take a trade. So we wait untill all the checkboxes of our strategy are checked and create a setup when that's the case. When the setup is there we just need to wait untill it hits our entry and wait for the trade to complete.
EOSUSD - Long Invest Idea 1WSince May 2021, EOS has been in a downtrend on the 1W and only in March of this year the trend was changed to an uptrend. A similar situation was in April 2020, but there the uptrend was disrupted by the COVID panic, then the EOS showed a historical minimum of $1.4. But I think we will no longer see such a price, we can touch 1.6-1.8 $ as much as possible. Now I see the price of EOS very attractive for investments, it is investments for 1-2 years, and not trading. I think it is worth buying now 40% of the investment amount, 40% to put a warrant for $2 the rest to leave in case of unforeseen circumstances or put orders for 1.5-1.8.
But on the minus side - 1D in the downtrend, there is a high probability of seeing the price below the current ones.
EOSUSDT Hello Crypto Lovers,
Mars Signals team wishes you high profits.
A one-day frame for EOSUSDT
The price was not able to move upward after hitting the top of the resistance channel and as it is shown, a weakness is clear in the trend. Then, we faced a revision in price and at the moment the price near the support zone is fluctuating. This can support the price but in case we lose this support and by remaining under the support line, more loss in price would happen up to the next support line. Actually, this is not so much probable here.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
EOS/USD Secondary trend. Wedge.A secondary downtrend forming a wedge is developing. But, it should be noted that volatility has decreased significantly, but there is no significant volume of buyers yet.
We work with a breakdown (rollback, breakdown) of the wedge resistance (important, high volume of the buyer) or with a stop loss at the current moment before the breakdown (risk).
It is worth noting that during previous resets before a trend reversal, the price fell 2 times to breakdown in the $1.3-1.6 area. In that case we can use stop with buy orders (not close to stop loss), in case of a similar scenario (not necessarily).
Here you can see what I described above. Just keep this in mind in your work.