EOS
🆓EOS (EOS) May-24 #EOS $EOS4$ zone is a very strong support zone and it is heading to 6$ zone, which could push it down again but if EOS could conquer this 6$ zone, it will maintain the rally up to 9$ and 11$ in June
📈BUY
-Buy: 3.9-4.1. SL if B
-Buy: 5.8-6.2$ if A. SL if B
📉SELL
-Sell: 5.8-6.2$. SL if A
-Sell: 9-9.5$. SL if A
-Sell: 10.7-11.3$. SL if A
♻️BACK-UP
-Sell: 3.9-4.1$ if B. SL if A
-Buy: 2.9-3.1$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BEST Buying Opportunity!Everything is going according to plan like I said before.
Hit the support zone and have completed our bearish trend for now.
***I'm buying my cryptos RIGHT NOW because I don't think you'll get these cheap of prices again for a while or possibly ever again!!!
Look at previous pullbacks. All very hard, then we spike back up.
This pullback was just one of a larger degree/level so it over encompasses the last 3 upwaves. The pullback found support right in the area of wave 2 (right at the .786 level), which is typical of a 1st wave! That could indicated that we are going to be entering wave 3 very soon.
All I know is I don't have enough. I NEED MORE.
NOTE: IF we roll over and meaningfully break $3.50 that would be a sign that the bull trend is broken and that any upward movement is corrective in nature, only to be followed by another down move.
Not financial Advice.
NEED HELP WITH ALTCOINS?Hello everyone.
Again, I've decided to do a few analysis for you guys.
All you need to do is to CLICK LIKE, name a coin, and then tell me if you need the short-term, or the long-term analysis. And I will analyze the most mentioned coins for you guys.
Follow me to get the analysis you asked for.
Happy Trading
Good Luck
Like and Share
Eos (EOS) - May 22Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(EOSUSD 1W chart)
(1D chart)
We need to see if we can move above the 6.2573 point to break off the downtrend line.
If it falls, we need to get support at 5.1376 and see if it can move up along the uptrend line.
-------------------------------------
(EOSBTC 1W chart)
(1D chart)
1343 Satoshi-1574 Satoshi should be watched for any movements that deviate from it.
If it falls at 1343 Satoshi, Stop Loss is needed to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
To get out of the downtrend line, we have to see if we can get support in the 1574 Satoshi-1690 Satoshi section.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
BNB - LTC - EOS - BATEOS, LTC, BNB, BAT - Going through the Crypto list we can see price is following the exact same pattern across the board, For now price structure is forming a bear flag which is a bearish pattern IF broken to the downside. When trading patterns you need patience and wait for the breakout of support or resistance before entering the trade. Another thing to note if a bearish patterns gets invalidated this is a bullish signal.
If you liked my idea, follow me for more 🚀
eos weekly chart long ideaThe market has corrected in a big way, checking for deeper, larger support areas. Where we once had resistance, we have now checked for support. These 2 areas are marked with blips on the chart. The arrows are showing how resistance has been flipped to support. If this is the new floor, lets take the stairs.
This is not financial advice. This is for my own reference and record as a hobby trader. This is purely for entertainment and educational purposes.
Don't be shy to comment. I would love to hear everyones opinion!
EOS - Back up? Seems like itI'll make this one fast:
If this is a short-term "recovery" then once a confirmation is received after crossing the resistance area, you can open long positions and aim on those 2 targets as shown on chart based on your own risk level.
We already opened long positions since $6.2 but now I'm thinking it's becoming safer.
There's also a possibility of correction down to the middle Bollinger band before going up.
Good Luck
Tell me your ideas. Like and Share
What really happened? Is there more?🔴 What happened?
Bitcoin has lost more than half of its value over the past month amid criticism from Tesla founder Elon Musk and a renewed crackdown from regulators in China. Jim Cramer Says 'Accept the Beatdown'
Bitcoin prices slumped to a three-and-a-half month low Wednesday, while cryptocurrency peers such as Ethereum and Dogecoin traded heavily in the red, following a renewed crackdown on virtual currencies markets in China and a broader pullback in risk markets in the United States.
Bitcoin's two-day decline was sparked by a post on the official WeChat account of the People's Bank of China, which warned that digital tokens should not be used in either financial markets of the world's second largest economy -- and the largest crypto market -- given that they are not "real currencies".
Bitcoin prices have struggled to recover from comments from Tesla (TSLA) - Get Report founder and CEO Elon Musk last week, who courted anger within the bitcoin community when he said the clean energy carmaker would no longer accept the digital token as payment -- nor add to its $1.5 billion quarter-end holdings -- until developers found a way for it to consume less energy during the mining process.
Bank of America's closely-watched Fund Managers' Survey, published Tuesday, noted Tuesday that 43% of those polled described "long bitcoin" as the industry's most-crowded trade, with 75% describing the world's biggest cryptocurrency as a 'bubble'.
🔴 Let's get technical:
Bitcoin was overbought so much that we can't say it's oversold already! Crazy right?
“The bitcoin low picture continues to deteriorate and is pointing to continued retrenchment by institutional investors," JPMorgan analysts said in a client note Wednesday, adding that it is "perhaps too early to characterize bitcoin as oversold”, a condition that would require a move below $26,000.
🔴 What to do now?
It wasn't a correction. It wasn't a noise. It was a complete manipulation!
The wisest thing to do is avoiding the FOMO of buying the dip, because as far as we can see, there are no signs of any recovery so far.
It might even dump to the $20K channel. So let's just wait and see.
🟢 Let's talk.
- What do you think about this?
- Did you lose your money?
- Are you buying the dip?
- What do you suggest?