EOS - 6h. Buyers prepare for 50% growthIn fact, the month on the EOS market was completely calm. After the previous wave of growth, which ended on February 14, market participants saw a bright 40% correction. After these active actions, the price of EOS began a prolonged consolidation on the lower volumes . A new wave of growth began on March 31st. It was at this time that the situation on the BTCUSDT market came to a standstill.
The dominance of BTC began to fall , the price began to consolidate and try to correct. Taking the opportunity, the EOS market grew by almost 50% in 4 days . Most importantly, the prospect of continued growth in the price of EOSUSDT still remains.
If we look at the 3-day timeframe , we can see that high volume buyers attacked the liquid range of $5.4-5.9:
This range has been under the control of sellers since February 2020. Considering at which volumes the buyers attacked this liquid zone, their intentions are serious. For greater confidence, we will expect a retest of this range and a set of a new position in the form of consolidation.
If buyers manage to keep the price of EOS within this range, we will expect the continued growth of the EOS market to $8.5-8.6
Losing control over the range of $5.4-5.9 will diminish buyers' chances of continued growth, but will not completely cancel out. In this case, we will expect a price correction to $4.2-4.3:
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Eosusdt
+50% profit in EOSEOS currency in the daily timeframe after the market downtrend, corrected from its channel to the range of 5.80$, and due to the large volume during these few days, it is expected to return again to target the channel ceiling targets of $ 8.36 to $ 9 (ATH)
It is recommended to enter the middle channel range ($ 5.80 to $ 6) to reach the channel ceiling targets and $ 9.
Goal return 37% to 48% (from middle)
Loss of mid-channel failure in the range of 5.50$.
BULLS ARE BACK FOR EOSGreeting from IRAN to whole trading community 💙✔
EOS is moving through an ascending channel since 31st March
Price has risen more than 100% in about two weeks (4$ to ~8.5$)
EOS has achieved a new ATH , which dropped the price to the bottom of the channel
We were witness some reversal signs in that point but it was the time that MASSIVE SELL-OFF happened in market and CRYPTO MARKETCAP lost about 20% of its value in a short time
After that we saw some signs of support and BULLS brought the price back above 7$
This level is a major support level now for EOS
If EOS could back to the channel , higher targets will be available
KEEP IT SIMPLE :)
EOSUSD Buying Setup PlanHello everyone, if you like the idea, you can support with a like and a follow.
EOS took a great hit today but it might be ending.
The plan is buy the purple area (bottom of the channel).
But be very carefull if we lose this level and dip below the lower trend line of the channel.
In a bloodbath situation like this the target is 3.6$
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
EOS/USD Potential Ascending triangle ASCRNDING TREIANGLE ( Top flat, bottom rising) = Trend continuation pattern.
Wait for a Breakout .
HOW TO IDENTIFY AN ASCENDING TRIANGLE PATTERN .
The ascending triangle is fairly easy to spot .
Uptrend: The market must be in an uptrend before the ascending triangle appears.
Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase.
Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows.
This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias.
Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs.
Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
EOS Broke Out From The Small Bull FlagHello everyone, if you like the idea, do not forget to support with a like and follow.
As you can see from the chart we successfully retested the green uptrend channel that we were broke down and now we formed a small down trend channel (red) that we broke out of it.
The target that we break up is the 0.886 fib level on chart, but be careful of a double top if we dont break 4.2$
Also we broke out of the downtrend that we were on RSI , we can expect a retest of the broken trend line before continuing up.
Its the weekend and typically not much happening, stay tuned as the market moves i will be updating the post.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Eos Ascending Triangle Will Get Us To New HighsHello everyone, if you like the idea, you can support with a like and a follow.
On the chart we are seeing an Ascending Triangle formation a simple setup.
With a successful break of the resistance the target is 8.30 $
It's important to see the trend line that is acting as a support to hold for a bullish continuation.
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
EOS BLOOM OR DOOMEOS has been coiling under resistance for several months, and has been significantly underperforming the rest of the alt-majors while a lawsuit is looming. EOS is currently challenging an important trend line here while BTC is rallying. This is IMO a great spot for a good R/R play. Keeping stops tight.
EOS/USDTEOS/USDT was moving in a downtrend but broke past it this month, since the breakout it surged pretty good but was rejected from the RESISTANCE ZONE. Another retest to the resistance zone is certain. All the lvls are mentioned in the chart.
DISCLAIMER :- I am not a Financial Advisor, this chart is shared for educational purposes only (DYOR).
EOS/BTC - The sleeping giant awakesEOS/BTC chart has just produced two green dots at the bottom signaling strong upward momentum on a weekly timeframe. Every time these dots have appeared the price action has produced astounding results. Also, EOS/BTC just conquered the 21 week EMA. If we manage to close the week above 0.0001134 this will confirm our first signal.
This coin shouldn't be slept on!!!
*not financial advice*