Hello people, Is this a cup and handle or just all u guys dumping :P BINANCE:EOSETH Good Luck
I'm bullish on EOSETH. This is based on the fundamentals. Price-wise, the arguments are the same for EOSUSD. Please check out my other post. Also see my website www.jlteng.com
This has had a nice slow decline. Something that is really boring in crypto. It could bounce here at the 50dma. Or not? Low risk. Not selling any Ripple to buy it.
The image of an inverse shs becomes more and more blurred. Anyway, the indicated trend channel might be important and an reversal therefore soon possible. First a dip unter 0.008 is possible.
Inverse SHS was triggered, and backtestes in the flash crash yesterday. The nstant reversal shows bullishness. Now, price will go up to the point where the neckline mirrors the price low. Then, an ATH will be reached and an further advance correxponding to the big pink arrow may be expected up to 0.4 ETH. The green channel seems to be significant and a second...
I traded some profit off this a few days ago, and thought it was quite overbought. Well, welcome to the crypto circus where everything stays overbought. HODL is certainly a valid tactic, but a well-timed entry can save a lot of grief. Every chart is different and I'm trying to gain a feel for these markets, which are so different from the regular markets.
Crypto is an insane casino and I can't recommend it for any sane person. I've been lucky enough to do well trading for the time being. I caught the triple on Litecoin by sheer luck (was planning to buy something else, LTC took a week for Coinbase to release). Anyway, I got a good entry in EOSETH, riding it for now. The technology is very promising similar to...
I have a long position in EOS/ETH and I am not fuding for now. Holding tight to my coins and will be looking to buy more if there is a dollar+ drop.
EOSETH has had a great run since my last post. At this point, we've just broken the channel, and indicators all suggest overbought condition. Besides, testnet will be alive in a couple of days, and the price of the news has been fully discounted. In this context, I expect a short-term adjustment / consolidation. Maybe the price will move sideways instead of...
I've been evangelizing the chat to annoyance, so I thought I'd post a public idea on the issue. About two years ago, after reading into the night (for many nights) on this thing called "ethereum" I was super excited about the tech and it's potential. I'd post about it constantly in the chat, suggest people buy in or at least look into it and give it an honest...
As the chart shows, EOSETH appears to be in a very bullish channel. It seems to have completed two rounds of retracements (@.5 and .618 levels) and ready for the next jump. I think 0.007-0.008 levels are possible before the next round of consolidation.
EOS is moving in an uptrend against ETH and was nicely bounced back after consolidating between 0.382 and 0.5 fibonacci levels after latest upswing from 0.00176 to 0.0048 level. However now a falling wedge may be identified + there is RSI bearish divergence within the wedge. I am expecting to break down and move to cloud and touch uptrend line again – and at this...
EOS continues to be bullish, earlier resistance becomes support. Upside hurdles are still in tack from original TA. One of the hardest part about trading is knowing when to take profits, it varies depending on individuals risk tolerance. Hope the chart helps! ------------------------------- ETH address = 0x0c8d5ED184A7B827Dd6f490a57415d5862e0Fde4
On the Kraken exchange took small long position EOSETH. Trading on this exchange is somewhat complicated as funding is difficult for the novice trader. I deposited ETH from Coinbase. Looking long and take profits at R1 & R2. This pair is up over 50% already, so trade small and be proactive.
4H chart - EOS hits the bottom against ETH. Shortly we may be seeing a double-bottom confirming bullish reversal. RSI shows bullish divergence. Candles may cross the Ichimoku cloud upwards and so we may have confirmation of buying opportunity in the long term. Profits can be taken at different resistance levels and even swing trading can be an option to further...
We've finished 2nd wave correction, minimum target is 1st wave top. Long hard.