EOS, the coin which has been in a BTC downtrend for months upon months, now looks to be forming a healthy bottom with MASSIVE volumes. In my opinion this is a good spot hold for the incoming year or two! Great opportunity to increase your BTC stash for the coming years! /!\ DISCLAIMER: ALWAYS DYOR, NOT FINANCIAL ADVICE /!\
EOS is confirming bullish divergence on the daily chart and this can mean a massive reversal is about to take place. We will definitely be looking at entering some trades on EOS soon. We would like to see how it reacts to this resistance level up ahead and if it can overcome it. If it does this is where we will look for entries.
EOS is forming ascending triangle and ready for a breakout. EOS BTC pair is strong and slowly heating up. Alts are pumping hard and EOS is not much pumped yet. We expect a good rally in EOS soon. If you already have EOS hold with trailing stop loss and if looking for a new entry, enter after the breakout. The major resistance zone for EOSBTC is 970-985.
EOS/BTC We are setting a momentum long order for EOS. It has tested this resistance again and every time it tests this it will get weaker. Our Order is placed so that if EOS wicks up it shouldn't wick is into the order and trade lower although this is still a possibility. Pros for this trade: EOS is at a very low price and we are attempting a trend reversal...
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real, real low here. tell me whos selling at 97% drop. next resistance levels are over 100-200% up. signs of recent activity. already up today.
is EOS break the resistance, we can see huge pump to $4
EOS/btc is hitting the 1.618 fib extension. It is very likely to bounce heavily at this point. If that was the case, then the wave 5 would be finally completed, and EOS could start a bullish cycle. The falling wedge pattern is of extreme quality, one rarely sees such a precise pattern. This is just an idea, for educational purpose
EOSUSDT good for long entry because we can expect a bounce from the support level. Entry : 2.20 - 2.35 level Resistance level 1: 3.10 Resistance level 2: 3.95 Stoploss: below the support zone
EOSBTC looks like a massive falling wedge. Currently, it appears to be at the bottom trendline. I'd say there is a strong potential for breakout to the upside in the coming months. Let's see what happens.
This is my personal opinion and observation. it is not financial advice..
DISCLAIMER(1): AS OF 08/02/2020 ALL PUBLICATIONS & SPECULATION ON MARKET CONDITIONS IS STRICTLY FORWARD-THINKING CONJECTURE & OPINION BASED ON MY OWN RESEARCH & EXPERIENCE FOREX TRADING CRYPTO; LET ME BE PERFECTLY CLEAR ABOUT THE PRECARIOUSNESS OF THIS SITUATION: I CANNOT HODL/TRADE/GIVE MY $0.02 ON ANYTHING PERTAINING TO REGULATORY PROPOSALS AND POLICY...
Bears have really been trying to blow out this bullish channel but the support trend seems to be nice place for bear traps. ADL is indicating that the bears are losing strength along with MACD forming nicely alongside CRSI being oversold ,which means EOS as a whole may be coming to the end of its overall decline. rally volume and momentum is still very strong...
According to Istanbul indicator, maybe 2602 is a good level to open long position. The above references an opinion and is for information purposes only. It is not intended to be investment advice.
EOS like LTC is ready to break upwards, be ready this is going to 8-14 usd.
EOS/USD is in a HUGE BULLISH FALLING WEDGE! BIG GAINS COMING! This is a very large falling wedge, very bullish. Even more bullish is that the price action is retesting the upper trend line of the wedge. Hold for a few weeks, may need to stomach large dips.. BIG GAINS COMING!! Trade safe my friends... BITFINEX:EOSUSD