EOS - Wave C completion ✅EOS is currently in a higher timeframe ABC correction. The chart posted is showing the C wave in detail, which has 5 subwaves. We can see that subwaves 2 and 4 are ABC corrections and now we are currently in the 5th and final subwave.
We have marked out the extreme lows for EOS which falls at 1.365. It is possible we may retest that level before we start the bullrun. For the 5th subwave we are currently in, its likely we'll see a descending correction for the completion of C wave. The bigger trade is the buying of EOS from the bottom, which we can identify better once more price action appears.
Trade Idea:
- Wait for more price action to appear
- Likely it will be a descending wedge, which we can mark out
- Watch for break of descending wedge and enter
- stops below the wedge
- Targets: 3.6, 6.4.
- Longer term targets: 9, 14
What are your thoughts? Let us know below!
Goodluck and as always, trade safe.
Eousd
It’s a Crucial Moment for EOSHello traders and investors!
PrimeXBT is here again with another technical analysis overview, and today we are taking a look at EOSUSD.
News/Fundamentals:
The Republic of the Marshall Islands, which is home to around 50K people across 1,100 islands, is about to be the first country to launch a state-based crypto software. According to the white paper they released, it will be based on software similar to EOS.
Moreover, Weiss Ratings downgraded the rating of EOS cryptocurrency from “B” to “C-”.
The technical part of this analysis:
The crypto’s price dropped to the uptrend line within the descending channel.
If the price breaks the uptrend line and the previous swing low, a continuation of the downtrend will be confirmed and we’ll have to search for new buy opportunities based on its lower support zones.
The summary for EOS/USD based on the most popular technical indicators: Strong Sell.
Now, we should watch to see how its price reacts to the uptrend line and follow the clear market signals.
Support zone: $2.36—2.53
Market Cap: $2 405 797 264 USD
Volume (24h): $1 701 341 430 USD
Circulating Supply: 944 036 134 EOS
Share your thoughts and ideas about EOSUSD in the comments below the chart!
Watch closely for our future updates to be the first one to get well-timed trading signals!
Best of luck with your future trades, we hope they are very profitable!
EUROUSDPlease DO NOT RISK and make sure take your profit is higher than my analyse ( in bearish movements) to ensure you don't lose your money :)
There will be some corrections if their movements break the blue channel close your SELL order.
EOS USD Bitfinex Ellion Wave AnalysesThis is my Elliot Wave analyses, please correct me if I'm wrong, but we are in a very bullish trend up.
EOS - H4 ChartI'm posting this chart for future observation. See if my levels were true.
1 - Looks like a 3rd leg is closing on green trend.
2 - If true, we might dump to retest major trend.
3 - Or this is not a complete third leg and we breakout
4 - If we do breakout, I look at 6.85(0.23 fib) as a major level to break.
5 - EMAs are flat, move soon ? 50 > 100 > 200
