Eosusdt
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
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BTC ETH TRX VET EOS. TOP 15 ideas where we expected a fallWhen there are some too sharp movements in the market, the trading dynamics clearly changes, when on the 15-minute timeframe the volatility is greater than it was on the daily chart, we always sit down to analytics. In constant movement, you may not notice how you accidentally deviated from the course, from the correct understanding of the market . Therefore, situations like yesterday are great for analysis.
Let's just say that we have been waiting for a correction in the crypto market for 2-3 months. Over the past three months, we have been systematically publishing coin breakpoints and correction targets . Since we do not trade all the coins that we publish here, sometimes we do not have time to track "paper positions". Therefore, today it were pleasantly surprised by what they saw.
Let's start with BTCUSDT. We recently updated our global idea. We wrote about a possible scenario of a fall in the price of BTC since March in our traditional heading "Bitcoin-weekend"
While the scenario is running . Although we were expecting a fall, the drastic drain like yesterday was also a small surprise for us. At the moment, we are expecting a test of the range of $46000-48000 , where we will make decisions to keep BTC further or sell.
UNIUSDT. Almost before the start of the powerful fall, we updated the global idea for the Uniswap project token. We rarely meet such a quick development of an idea:
YFIUSDT. Those who placed limit orders for long-term trading according to our idea could wake up in a good mood today. The YFI price reached clearly to the expected range and bounced sharply:
FILUSDT. Also, the idea for the FIL coin worked out as clearly as possible.As a result of a long consolidation in the triangle, the price fell from $198 to $95 in one impulse:
ETHUSDT. Strong and powerful ETH also did not resist the fall in BTC. Even considering the low impact on the cryptocurrency market, the price of ETH dropped to $1,900. We published an idea about the possibility of this correction on May 11:
TRXUSDT. One of the most controversial predictions was Tron. The audience was so eager to continue to grow that they allowed themselves direct insults at us. We hope that this case will finally dispel the unreasonable "wishes" of new market traders and force them to make more informed decisions:
VETUSDT. The idea for the Vecain coin worked just as well. Having found a similar situation in the market and turned it into a fractal, we got a wonderful scenario of price movement. Interestingly, the price went even lower:
EOSUSDT. The global correction in the EOS market was just as lightning fast and the same on target. The price dropped by almost -70% and reached our global target :
WAVESUSDT. The idea, published on May 4, worked great. The price fell by 60% and is now stalled in an important range for continued growth:
DOGEUSDT. Perhaps not 10 times, but the price of DOGE fell quite well. Please note that the publication of this idea was before the start of a new wave of decline:
HOTUSDT. Idea posted on March 31st. Since then, the HOT price has not sustained its explosive growth. The total market decline since the idea was published is -76%.
ONEUSDT. The idea was published on March 22. Roughly from that day, the ONE market began a correction. So far, the price has only reached the first point of the correction. However, given how it is being held, the price may not go below:
XEMUSDT. Good old XEM, it moves perfectly according to our scenario. At the moment, the price has dropped by -60% since the publication:
GRTUSDT. This idea was generally published on February 12th. An interesting fact is that after the publication, buyers did not manage to update the historical maximum. In fact, since February 12, the GRT market has been in a correction . As a result, the price dropped even lower than we expected:
ALGOUSDT. The unsuccessful attempt of the ALGO price to gain a foothold above $1.54 ended in a powerful correction. As a result - working off the idea and falling by 50%:
WINKUSDT. Whoever read the name of our WINK idea could save their deposit:
This idea is just a summary of the development of ideas starting from February. In the process of work, there were ideas that were not fully worked out. Among the short-term ideas were some that were completely unsuccessful. Of course, we are not Gods and on yesterday's fall we did not buy coins on the very hairpins below.
However, in our next statistical idea, we will tell you how things are in our trade marathon , which we started in February, and how we survived yesterday's fall in the cryptocurrency market!
If you are interested in such an idea - write "statistics marathon" in the comments and we will publish it on the weekend!
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 :
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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
EOS CRYPTOCURRENCY ANALYSISEOS rebounded from uptrendline with bullish movement
Price is based above key level at 8.7682
MACD shows weakness in bearish momentum
we r waiting price to break corrective downtrendline and exceed next resistance level at 10.1890 to open long trade
It's expected to target level 13.0000