EOS recently proposed to reduce token supply up to 2.1 billion with halving at every four year just like BTC. And staking reward, this news resulted 10% up and still more to come.
💎 EOS has recently broken out of the descending channels and formed an inverse head and shoulders pattern, which typically indicates a bullish reversal. Additionally, there has been a noticeable change of character (CHoCH) in the price action, suggesting a shift from a bearish to a bullish structure.
💎To confirm the bullish trend, it is essential for the price to...
In this technical analysis, we delve into the EOS/USDT trading pair to identify potential opportunities for traders.
1. Correction/Resistance Area - 0.775 - 0.785:
Currently, EOS/USDT is encountering a significant correction/resistance area between 0.775 and 0.785. This range has historically posed challenges for the pair, limiting further upward movement....
Break of resistance, Retested at the moment.
Pullback to 30/50 Fibs!
Will be taking long if I see bullish engulfing here.
It will be a long run to next resistance.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.418).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
After a downtrend, EOS forms a consolidation with a round structure and handle formation which leads to the form of a cup and handle formation. There is a chance of a possible upside breakout. YOU can go for spot or Future... KUCOIN:EOSUSDT
In every season $Eos pumps hard at least once . We have not seen a pump till now . Although it's fundamentally not so good coin to invest but if you are a trader then you can take this trade with Stop loss.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.102).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.677).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.826).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
EOS will turn bullish after it crosses the trend line after consolidation with two targets: 4.292 USDT & 5.608 USDT, if it breaks the support of 3.039 USDT, short targets are 2.497 and 1.780 on the downside. Play along with levels only.
Running Alpha's Momentum Perception Maps (MPMs) indicate an imminent surge is likely in EOS. The launch of the new decentralized exchange -- called the Bullish Exchange -- is going to be using the EOS token, which has the potential to serve as a catalyst for EOS to rise dramatically.
For high definition trading market intelligence on EOS and other crypto-tokens...
market in good condition it is in correct support it is correct technical analysis of elliot wave theory some times it will be change so wait and what can do the crypto market . Trading is fun, Keep hustling and Keep trading good luck guys.
