EOS
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.
EOS / ETHEOS currently has only two options: it's either a SCAM, or it's poised for significant growth. If, for some reason, it can rise to the upper boundary of its current trend channel, that growth could amount to 1800%, potentially bringing EOS back into the top 10 cryptocurrencies. Only time will tell how feasible this is, but currently, EOS appears to be a highly undervalued product. EOS is trading at its autumn 2017 price levels. Its current market capitalization is $800 million, which is more than five times less than the funds raised during its ICO.
There's also a possibility that Ethereum might face some challenges, which could bring EOS back into focus. In Japan, the launch of stablecoins backed by the Japanese yen on the EOS EVM network has been announced. Following all the updates in 2023, EOS's blockchain fundamentally looks much more promising than it did in 2022.
Key aspects of this update include:
1. Ethereum Virtual Machine (EVM) in EOS: The EVM is an environment where Ethereum accounts and smart contracts operate. It acts as a virtual computer used by developers to create decentralized applications (dApps). The implementation of EVM in EOS will enable developers to build dApps and other decentralized finance (DeFi) applications on the EOS blockchain.
2. Benefits of the New Mechanism: According to Yves La Rose, CEO of EOS Network Foundation, the new consensus mechanism will combine EOS's performance with Ethereum's convenience, offering Solidity developers the opportunity to work on a much faster platform. EOS EVM will support over 800 exchange operations per second, which is three times faster than Solana and Binance Coin (BNB), and 25 times faster than Avalanche (AVAX).
3. Strategic Significance: The consensus mechanism update and EVM implementation are part of an overall strategy for the revival and growth of EOS. It also highlights EOS's ambition to attract more Solidity developers and users, improving compatibility with Ethereum and thereby expanding its potential both technically and from a business perspective.
This update could significantly impact the EOS ecosystem, enhancing its attractiveness to dApp developers and contributing to the growth of the total value locked in DeFi applications on EOS.
EOS Network Foundation (ENF) has announced a significant consensus update, Antelope Leap 5.0, scheduled for the fourth quarter of 2023. This update represents the second major improvement in the last eighteen months and includes several innovative features:
Instant Finality: This feature improves the transaction finalization time, crucial for providing a Web3 user experience comparable to Web2. It includes the implementation of aggregated BLS signatures to support the HotStuff consensus algorithm, allowing the combination of multiple signatures and public keys into a single signature and verifying it as a single operation. This significantly improves scalability and transaction finalization time, with most reaching final status within a few seconds.
HotStuff Consensus Algorithm: An open technology developed by VMware in 2018 and later chosen for use by Facebook's Libra initiative, and subsequently by projects like Aptos and SUI. HotStuff significantly expands the capabilities of EOS and all Antelope chains. Introducing aggregated BLS signatures in HotStuff opens the door to features like confidential transactions and additional privacy mechanisms, such as the use of private addresses instead of accounts.
Change in Consensus Mechanism: Leap 5.0 offers the network the opportunity to replace DPoS (Delegated Proof of Stake) with an alternative consensus mechanism, representing a significant shift from EOS Network's original vision to a truly community-governed project. This new mechanism could support greater decentralization and provide improved network security, as well as increased transparency in the transaction validation process. The transition to a new consensus mechanism is expected to enhance network efficiency and make it more adaptable to the changing demands of the cryptocurrency market.
Strengthening Community Role: The Leap 5.0 update also implies increased community participation in network governance. This could include voting on key governance issues, resource allocation, and decisions regarding future network updates. This approach is aimed at increasing accountability and involvement of community members in the EOS network development process.
Technological Improvements: The Leap 5.0 update is expected to bring significant technological enhancements to EOS infrastructure. This may include optimizing transaction speed, improving scalability, and increasing resilience to network attacks. New features that simplify EOS integration with other blockchains and technological platforms are also possible.
DApp Ecosystem Enhancement: Leap 5.0 may also focus on improving conditions for decentralized application (DApp) developers. This could include simplifying the development process, enhancing application security, and providing additional tools for creating more efficient and functional DApps on the EOS platform.
It's important to note that these additions are hypothetical and may not accurately reflect the actual changes or plans for the EOS network update, but the update is indeed significant and long-awaited.
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
History is cyclical. So, read this. Bitcoin vs SP500——
Part 1
On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left.
Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second.
Facts:
— 1965-70 years. Green zone
>>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops.
>>> Now: 2019-21 very strong growth of the stock and crypto market due to dollar printing. Towards the end of the inflation problem and the war in Ukraine. The economy worsened.
— 1970-75 years. Purple zone
>>> The fight against very strong inflation begins. Oil crisis. The USA spends a lot of money on the war in Vietnam. The global economy is not growing (stagnant). Taxes are increasing.
>>> Now: The US and the EU are battling inflation, but it's not over yet. The USA spends a lot of resources to support Ukraine in the war. The global economy is not growing (stagnant). Taxes are increasing.
— 1975-85+ years. Orange zone.
>>> The end of the war. Inflation is still strong but improving. Tax reduction as a new policy of Reagan (USA). General improvement of the global economy.
EOS trade idea : A 20X Trade Opportunity!"🚀 Are you ready for a trade that could potentially 20X your investment? In this video, we dive deep into the world of EOS, a cryptocurrency with immense potential. We'll explore the fundamental analysis, technical indicators, and market sentiment surrounding EOS, giving you all the insights you need to make an informed decision.
📈 Whether you're a crypto enthusiast or a seasoned trader, this EOS trade idea could be your ticket to significant gains. Don't miss out on this exciting opportunity – watch the video, stay informed, and make your next move in the crypto market a profitable one! 💰💎 #EOS #CryptoTrading #InvestingOpportunity #bitcoin
EOS: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, above $0.60 resistance, could signal bullish trend reversal, with upside to $0.80 thereafter.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.60, which it broke, then $0.80, and $1.00.
EOS/BTC - EOS: Trend_Reversal◳◱ An intriguing development has unfolded on the NYSE:EOS / CRYPTOCAP:BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.00001996 | 0.0000212 | 0.00002325 and the significant support levels found at 0.00001791 | 0.0000171 | 0.00001505. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.0000184, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.
◰◲ General info :
▣ Name: EOS
▣ Rank: 60
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: EOS is an open-source protocol designed by Dan Larimer and Block.one to support the creation of smart contracts and decentralized applications (dApps). Its network features a delegated Proof-of-Stake (DPoS) consensus mechanism to help secure the platform while giving it a level of performance desirable for running applications. Through DPoS, EOS offers greater scalability and transaction throughput than traditional blockchain networks, but to a certain extent, it relinquishes complete decentralization and censorship resistance.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0000184 ₿
▣ 24HVol: 20.200 ₿
▣ 24H Chng: 5.203%
▣ 7-Days Chng: 12.65%
▣ 1-Month Chng: 10.41%
▣ 3-Months Chng: -16.26%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001996 | 0.0000212 | 0.00002325
◢ Support: 0.00001791 | 0.0000171 | 0.00001505
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: -23.62
▣ Last 90D: -17.04
▣ Last 1-Y: -15.20
▣ Last 3-Y: -16.03
◲◰ Volatility :
▣ Last 30D: 0.26
▣ Last 90D: 0.46
▣ Last 1-Y: 0.65
▣ Last 3-Y: 0.90
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.66 - Bullish
▣ Reddit sentiment score is 0.97 - V. Bullish
▣ In-depth EOSBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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EOS WILL BLOW FACES OF AGAIN ONE DAY. BE READY!EOS is currently in a consolidation zone and it looks to me to be coming to the end of a massive triangle. Let's see what happens this week, I think a nice pump incoming.
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EOS/USDT bullish ride? 👀 🚀 EOS today analysis💎 Paradisers, turn your attention to EOSUSDT! We've spotted a captivating trend as it positions itself within a demand zone, signaling a potential bullish ascent.
💎 EOSUSDT recently shattered its descending channel constraints and is now charting a bullish course. Its current stance within the demand zone further amplifies the prospects of a bullish trajectory.
💎 Moreover, there's a distinct supply zone overhead, and we're confident that the price might challenge this zone once again in the near term.
💎 However, always be on the lookout: if the price breaches a critical support level, a bearish downturn could be on the horizon.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
🔥EOS is Goin to Brake This Massive Wedge🥵EOS fell by -97% from highs and now its going to break the 500 days wedge.
The crypto market feels like dead and I don't know better time to take a look on altcoins and Bitcoin for the long term.
The targets are on the chart.
💥 BTW one more shake out is still possible. But will we see it? This is a big question.
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
EOS/USDT Break the Resistance Level, Bullish Momentum ??? Yello Paradisers, Interesting Coin! #EOS
💎 EOS has breached the resistance level on a shorter timeframe. Observing the indicators, EOS appears to be significantly oversold on the weekly chart, hinting at a potential upward trajectory towards the supply zone.
💎 Another positive sign is that the target for the Bearish Flag has been met, suggesting the start of accumulation and a likely upward shift for EOS.
💎 On closer inspection of the key support zone, EOS seems to be forming a Double Bottom pattern. The key resistance zone acts as the neckline for this pattern. This resistance is crucial; if EOS surpasses it, there's a clear path to the Bearish OB zone, possibly even reaching the robust supply area.
💎 This analysis would be nullified if EOS breaks below the key support zone and closes there on a daily basis.
EOS is coin on long sheet with the level of 0.594EOS long!
AIHermes has today identified EOS coin on long sheet with the level of 0.594
The stop is short.
We see a long accumulation and a gorgeous squeeze!
1st target 0.616
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EOSE Short Squeeze Potential !EOSE went down this month from $5.70 to $1.24, the CEO accessing a short sellers attack on the stock.
Now considering the pre-market volume, and the fact that the stock is already up 13%, I believe it has a short squeeze potential to the next resistances of $3.30, then $4.90.
Eos Energy Enterprises designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. T
he company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.
Looking forward to read your opinion about it.