The weekly technical chart of EOS highlights a positive trend built by the coin. A sudden spike in price movements can be seen on Jan 4 the resistance zone is placed at $2.79 and the following support zone at $2.56. The price is floating above the resistance level. The Moving Average Convergence Divergence (MACD) had a bullish crossover signal line on Jan 4,...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (4.3860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EOS/Dollaris in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (3.4010). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EOSUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
EOS has showed strong upward trend last month and surged 90+% strongly.It has dropped in price about 25%+ since the last post. Bullish Case: It tested the Resistance(red bar) at $3.0 price level and dropped 25% recently. If it manages to hold the support level(green bar) and breaks the $3 price level, then it we might test the $4.4 level with two major hurdle to...
Technical analysis: . EOS/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of...
Technical analysis: . EOS/DOLLAR is in a range bound and the resumption of an uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 36. Trading suggestion: . Price is in the resistance zone (6.95 to 5.84), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
Technical analysis: . EOS/DOLLAR is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 47. . The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . If you missed our first HUNT, you...
Previous EOS short went well, After the recent fall there i still see EOS breaking down 5.7 from 7.8, I would recommend entering short at 7.3, As a break of symmetrical triangle
A Symmetrical triangle is nearing completion. I would short EOS if it falls and touches 10.1 USD (CMP 10.5), that would mark breakdown of symmetrical triangle. Target is 8 -7.5. Alternatively if it breaks up and goes 11.8-12 that would also be a good short entry point.
Prcaticing My Countings With EW. . .
The last point of support in formation the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds.. with wyckoff accumulation acting behind, a fresh motive wave is impending... trade management wise, Ideally,...
EOS/DOLLAR New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. *There is still a possibility of temporary retracement to suggested support line(12.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above...