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EOS

EOS - 6h. test of $10 and continuation of the correction?A fairly promising rise in the price of EOS , which consisted of two powerful waves on May 5 and May 11, began its correction. This correction was our main scenario , which we wrote about in the previous global idea: As well as under the VETUSDT or TRXUSDT ideas, many positive-minded traders expressed their negative on our corrective forecast. Nevertheless, we publish our thoughts, regardless of whether others like it or not. In this case, in the EOS market, we have witnessed how short-term the news is working out . As we remember, on May 11, news came out that the Creator of EOS will open its own crypto exchange. For two days, the price of EOS was actively growing and it looked spectacular on large timeframes. However, if we analyze the growth on the 15 minute timeframe , we see that someone systematically unloaded their positions and left a trail in the form of hairpins up: Our opinion is confirmed by the following trading days, when buyers were unable to keep the price above the range of $11.5-12. Already on May 13, most of the growth momentum was absorbed by sellers. This fact confirms the opinion that the news can strengthen the trend movement or become a good trigger for the start of a strong movement. However, only when the market is ready for it. Otherwise, the news is rather short-term. At the moment, the price of EOSUSDT has stopped at the range of $8-8.5. If we analyze the history of EOS trading, we can see that this range was quite important in June 2019: As you can see, it was after the unsuccessful breakout of this range that the EOS price continued its protracted downward trend. Therefore, we expect an attempt to consolidate buyers above the range of $8-8.5. The critical point that will decide the next medium-term EOS price movement is at $10 . At this point, we will see how strong the buyers are and whether they are capable of continuing to rise to at least $12. A weak local wave of growth will give a strong signal for the continuation of the fall in the price of EOS to the range of $5-6 . Therefore, at the moment we expect: 1. price fixing above $8-8.5 2. Test $10 After meeting these targets, we will create a new short term idea for EOS. P.S. A negative scenario in the EOS market will be possible if we see a downward breakdown of the consolidation triangle on the EOSBTC chart : ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
12
5th Series of Altcoin Buying Areas!Hi, Earlier than expected but the market situation and my followers require it! Gogogo... Comment of TWO of your favorite altcoin, not ten not five, TWO :), hit the LIKE button, click follow to get the analysis of them as fast as possible, and you will get your favorite coins into the list! Please, name ONLY ticker or full name and ticker, for example: ADA, or CARDANO (ADA). This time Top 15!!! mentioned altcoins get analyzed, pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices! Breakout areas are a bit riskier but whoever has been patient, then through the series the lower price ranges (buying areas after the correction) have been quite precise. Stay healthy, Vaido
COINBASE:BTCUSD
by VaidoVeek
89
EOS Fractal ideaDepending on how bitcoin performs over the next couple of days, I expect EOS to follow for now. When BTC stabilizes EOS should be outperforming BTC based on EOS/BTC chart. Elongate has slightly damaged our upwards momentum but I feel we should be back on track within the coming weeks. I expect EOS to hit $16 by next week if we have sufficient volume, this will be my first TP area If EOS goes above $16 then ATH is imminent If EOS bounces, current major support is the bottom of the channel around $10. Another major support is around $8.70-8.85 price range DYOR and pay close attention to BTC
BITFINEX:EOSUSDLong
by obsessedCrypto
1
Withdrawal time for the bulls(not over yet just a breather)As bitcoins bull run has completed itself it is unlikely to pump again till another few years which means a downtrend for the overall market for the next couple of months the rsi is looking short term bullish and im thinking that the macd will hit a double top with a lower low signaling the bears to attack. The conditions are met for a bearish trend and now i see a small bounce forming with a bear trap lining quite nicely and thus a lower high will form continue a bearish trend with the head and shoulder pattern forming, sadly there is to much resistance at the 12-14 mark for eos and so to 53-57k zone on btc to break through .that is unlikely to break at this time of the year, possibly around Christmas this year we can retest this resistances, but for now take profits and get ready to buy in at a nice cheap price
Short
by Glo1235122
4
EOS (EOS) • Likely to give +10x from hereEOS has been long under the radar for awhile only recently start out performing ETH and BTC. Even on social media there so much hate going on despite current bumpy uptrend. Think things will soon chance as momentum is picking up and it outperforms ETH. Reality is that EOS no different than any other all-around project out there so it will go up with momentum and hype as prices rises. We hit the $12-$14 initial target range which was the 50% range from the High/Lows of the bear market. We seeing some natural resistance here but chances we will soon see the ATH revisited, tested and eventually broken. I think reasonable initial target is somewhere around $120 but ultimately i think the insanity of this bubble market are are living this thing will also print another 10x after that and $1k seems crazy but it is not unrealistic.
BITFINEX:EOSUSDLong
by D7R
23