Keeping an eye on EOS! - Long setup to $6.8Taking into account only PA. Lots else at play, but wanted to send this out as one data point ...
Descending wedge - wait for breakout and retest confirmation.
0.5 Fib retracement defense - wait for confirmation of support.
I'm in long. Will add on each 0.5 fib touch. SL just below wedge apex.
Good luck!
Eosusdlong
EOS in Potential Bullish Momentum!Eos is Currently sitting at strong demand zone, if momentum holds Potential gains are 27%.
Entry : At current Market Price or Retest of 5.5
Targets: 6.5 and 7
Stop Loss: Short Term 5.3, Long Term 4.4
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EOS Midterm trade 229% profit plus long trade Mi term and long term trade set ups for EOS.
Buying now would not be a bad idea, the price action has already popped out of the falling wedge consolidation pattern which is a continuation pattern. If we are going up and we break out of a continuation pattern to the upside you should consider the most likely price targets will be in the same direction of the over all trend.
In this chart I have charted a mid term falling wedge pattern bringing the price to $12.51 and a longer term trade of a rounded bottom to the price target of $28.60. The mid term target will be hit between 1-3 weeks, the long term target will be hit between 2-5 months.
EOS 50% to 100% profit coming. Hello trenders,
Eos created a nice trendmark that may be now the new support.
The next push is going up to 6 Usd levels, maybe 8 Usd according to redistribution so that can be light to pump in the coming weeks.
Timeframe need more study but the idea is bullish.
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Eos actually doing okayEos has began consolidating itself again, with a nice support trend yielding a realistic view of its price action within the next following years,(long term)
For the moment short term if we see a volume increase within the 3-5$ zone over the next month that will be a really good indicator that EOS can step back into its bullish channel
the market doesn't have enough hands in the market to tip the balance from super bearish 28k> or super bullish 42k> for BTC.
things to look out for coming month:
Volume+:Even a moderate increase in EOS at the moment is a huge sign of upwards pressure
RSI+:if bears make a move RSI will be undersold.
if bears are attempting a 3.0 move for EOS they will be out of luck with huge buy walls in 2.60-3.0 region(huge support)
if both are bouncing with even moderate strength we can see a break for 5$
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
+100% already since our call ,,, what for now ??just before EOS fly we posted a call under $6 saying one only target that we r sure of which is $10 region ( idea link below the article in the related ideas section )
Not just that, we also made an update after this with hours advising to sell now portion at $12 -$13 and buy under10$.
what happened from hours that EOS touched 9.60 area and reversed from there.
congrats to all of followers , hope you are enjoying n making decent profits with our signals.
n for now, we can see that our $10 target flipped to support and it holds till now which is great indicator for moving up.
however there is a small possibility to get lower than this again if btc jumped dramatically.
As long as BTC.D is falling, Eos will be flying more n more
Targets n stop loss on the chart..
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EOSUSDT Broadening WedgeEOSUSDT (DAY CHART) Technical Analysis Update
Broadening Wedge
EOS/USDT currently trading at $10.180
Buy-level: Above $10.00 (only buy if day candle closes above $10.00)
Stop loss: Below $8.40
Target 1: $11.50
Target 2: $13.00
Target 3: $15.00
Target 4: $20.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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