Cryptocurrencies

EOS technical analysis

EOS seen from the temporality of 1D we can observe a count of 15 important points during the movement of a wave of impulse and correction prior to a next wave of impulse, as we see in the image above, I have indicated within the chart each of these points, the current movement of candles based on the diagonal marked in blue at point 15, we see a decrease in selling pressure and an increase in purchase volume, during the three-point drop patterns we have 2 ways of knowing when to enter long, the first is to wait for a third point of drop in its vertical or wait for a third point in inclination in relation to the second point, something as we currently see in EOS, the price could leave at any time, if so our first objective is located within the price range of the 4.0937 – 4.4224 and our second target is located in the supply zone at 5.9109, it is important to take into account also the movement of BTC because currently although we see it with bullish momentum, this could be just a pullback triangle test and then fall strongly and affect with it the market of the alts, the closing of today and tomorrow’s confirmation will be key to make decisions, in trading there are many risks, it is very difficult to get the best entry, it is better to wait for trend confirmations, but if you are a risky trader can enter now but with a stop loss that prevents you for the worst.

My twitter: https://twitter.com/armijogarcia

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Comments

@peepso_user_18(Bit Brain)
I'm not bullish on crypto price movements for the next month or two (or three). I think that you got it right when you said: " currently although we see it with bullish momentum, this could be just a pullback triangle test and then fall strongly and affect with it the market of the alts".
@peepso_user_18(Bit Brain)
@peepso_user_66(mrbullishsail) really, that's interesting. I'm expecting a drop in both. Ah well, we shall see! 😀
@peepso_user_66(mrbullishsail)
@peepso_user_18(Bit Brain) I close my long, the volume has not reached BTC, this is a trap for bulls, I go now in short towards 6000.
@peepso_user_18(Bit Brain)
Wow, that's pretty deep in, but quite possible. THere's a support level above that, but it if it breaks then price may well hit the $5000s again. I'll buy steadily as it drops, starting in the $8000s.
2 years ago
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