EOS/USD short trade opertunity.As According to chart pattern ,ir seems to be great short opertunity st this level in Risk to reward ration is 1:3 ,whis is great.
EOSUSD.P trade ideas
EOS may be on the brink of a significant dropThe EOS crypto currently appears like it is in an uncertain position, with both bullish and bearish forces attempting to gain the upper hand.
At the beginning of 2024, the EOS price was in an uptrend up to $1.35 supply level in the first week of March 2024, from supply it began to decline from the resistance trendline which was near the supply level on the daily chart. Despite a second rally attempt, the price showed a struggle, which could not break through this resistance. The EOS price is showing declining possibilities as the trendline poses an effectively strong resistance on the daily chart.
The price trajectory now suggests that EOS may be on the brink of a significant drop, as it has encountered resistance. The EOS asset's bearish momentum seems obvious, as it has reacted negatively to the trendline, and has started falling. More selling pressure could cause the price to cut below the critical 20-day and 50-day exponential moving averages, indicating that lower levels may be reached if selling pressure increases.
The technical indicators also signal bearishness; the MACD shows that the MACD line is below the signal line at 0.0267. Likewise, the Relative Strength Index is currently at 55.61, and the curve has started to take a U-turn, as the RSI line is headed to cut the 14-SMA line from above, thus suggesting that the EOS asset's momentum is waning and it may descend further.
As of the latest update, there's an intraday decline of 1.29%, with EOS trading at $1.0922. If bearish trends intensify, it could show the price testing the support level at $0.9700, and potentially even the critical support at $0.8700.
Alternatively, should the market sentiment shift and buyers regain control by jumping past the trendline resistance, there's potential for EOS's price to ascend toward higher levels of $1.350 and $1.500.
The EOS crypto asset is revealing bullish potencyThe EOS price chart pictures that the price mustered greatly from the demand zone of $0.5250 to $0.9000. However, the crypto slipped as the price failed to bounce over it, and it exhibited a price correction scenario in its incline and the price decreased to form a support at $0.6450.
After falling, the price of EOS crypto has made a powerful comeback, beating its previous high level, starting from a crucial support level of approximately $0.6450. The EOS crypto now appears ready to resume this monumental surge as it already outperformed the previous high of $0.9000 and is geared up to crack the above resistance level and display price projectile to new peaks from the current support level of $1.10.
The EOS crypto asset is revealing bullish potency and rising capability as it maintains above major 20-day and 50-day EMA bands. On observing the price chart data over the daily chart, the EOS asset is demonstrating bullish signs and has the potential to extend further. It has performed well in the past week, month, and quarter by a surge of 16.89%, 63.23%, and 52.52%, respectively, implying a solid uptrend.
At the time of publishing, the crypto has experienced a decline of 0.75% in the last 24 hours, and currently trading at $1.1948. Therefore, if the demand for the EOS token increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $1.5000 and in between, the hurdle would be $1.3500.
However, if the EOS crypto price fails to stay above the $1.1000 level, it could decline further and then it could reach $0.9000 as well.
the EOS asset is demonstrating bullish signs and has the potentiThe EOS price chart pictures that the price mustered greatly from the demand zone of $0.5250 to $0.9000. However, the crypto slipped as the price failed to bounce over it, and it exhibited a price correction scenario in its incline and the price decreased to form a support at $0.6450.
After falling, the price of EOS crypto has made a powerful comeback, beating its previous high level, starting from a crucial support level of approximately $0.6450.
The EOS crypto now appears ready to resume this monumental surge as it already outperformed the previous high of $0.9000 and is geared up to crack the above resistance level and display price projectile to new peaks from the current support level of $1.10.
The EOS crypto asset is revealing bullish potency and rising capability as it maintains above major 20-day and 50-day EMA bands.
On observing the price chart data over the daily chart, the EOS asset is demonstrating bullish signs and has the potential to extend further. It has performed well in the past week, month, and quarter by a surge of 16.89%, 63.23%, and 52.52%, respectively, implying a solid uptrend.
At the time of publishing, the crypto has experienced a decline of 0.75% in the last 24 hours, and currently trading at $1.1948. Therefore, if the demand for the EOS token increases unexpectedly, the asset price could jump back from the current level. Then the next goal for the price could be to reach $1.5000 and in between, the hurdle would be $1.3500.
However, if the EOS crypto price fails to stay above the $1.1000 level, it could decline further and then it could reach $0.9000 as well.
$EOS waking up?- Touted be an Eth killer in the previous cycle, EOS has been stagnant for a long time, apparently due to a lot of mistakes & bleeding talent
- But recently there’s been a lot of developments and EOS 2.0 promising a pivot that’ll attract a lot of Devs into the Eos community
- More recently, B1 has injected a 45million Eos tokens into Helios ruled by Brock Pierce and also support coming from the upcoming exchange BullishGlobal
- With this context, EOS is at a very interesting position, just broken the downtrend from May
- Also it has been accumulating since 2yrs with RSI showing a constant climb
- A break above $5.8 and retest could take EOS back to ATH and much much further
Looking forward to get a small bag for a 2-3 month hold as sentiment seems on the verge of waking up.
Easy 5x if their marketing magic does its trick like it did during inception
#EOSUSD are you ready for the breakout?Self-explanatory chart. Do like if you like my crypto ideas.
Regards
EOS short term bullish opportunityOm Namah Shivay
We are checking the intraday chart of EOS, Looks bullish and have a long target against the invalidation checks.
Om Namah Shivay
EOS Opportunities for long Om Namah Shivay
EOS opportunity looks strong to long side. For a target possibly to 5.5.
Invalidations to be taken care as in chart.
Om Namah Shivay
EOS Price Levels Developing Sustainability Above $3.00EOS performed a positive momentum on Monday’s trading session
EOS current price is $3.41, which is up by 10.01% in the last 24-hour time-frame and 9.06% up from the previous week
EOS/BTC pair is in a downtrend with 1.92% in Monday’s trading session (0.0000869)
themarketperiodical.com
EOSUSD POTENTIAL BREAKOUT If the price sustains above 2.790 level then the long target will be 2.930 .
EOSUSD EW analysisOM Namah Shivay
Trying to define the EW structure for this script. It is little difficult to set it with limited experience.
OM Namah Shivay
Eos Eos have been consolidating within a range for more than 6 month and now have given a neat breakout.
Once it manages to close above $4 it will gain momentum for $5 and $7 respectively.
EOS Coin USD Provides Positive Breakout Above $3.00 The technical chart reflects on the magnitude of the bullish momentum by the price levels from the past couple of trading sessions. The bulls hinted at their arrival by having a positive breakout above the major resistance line placed at 0.382fib level. Thereafter, the price levels also had a positive crossover above the bullish line of 0.236fib level and currently sustaining above it. The crypto asset has formed a symmetrical triangle pattern in the bullish regime and will be looking for a positive breakout in the upcoming market sessions.
The relative strength index (RSI) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.
The moving average convergence & divergence (MACD) has also formed a bearish crossover and showcasing negative nature above the signal line.
The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.
Resistance Level: $3.50
Support Level: $3.20 & $2.50
EOS Trading On Bullish Momentum 7.04% Up In The Last 24 HoursThe 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, indicating a buying signal in the coin. The histogram also started to form tiny green bars after the crossover.
Meanwhile, the Relative Strength Index (RSI) with a value of 61 indicates that the coin is in a neutral phase for now and can cross above 70 to be in an overbought zone.
While looking at the Bulls Bears Power Trend Indicator, shows a bull trend of value 5.92 and bear trend of value 2.59. Indicating a neutral movement in the coin for now.
Don't miss the great buy opportunity in EOSUSDTrading 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 support.
. The RSI is at 80.
Take Profits:
TP1= @ 6.0530
TP2= @ 6.8635
TP3= @ 8.6365
SL= Break below S2
