EOS Price Working Through a Descending Triangle

The price of EOS has been bouncing around near the support level in the mid 5’s of late.   After making a lower higher following it’s latest top in price on June 1st it is important to pay mind to this level.

Resolution is Near

There is a descending triangle in the works as you can see from looking at the chart in this post.

Now let’s be real, you can see we still have some time before price would reach the apex, likely two weeks, assuming price were to continue grinding sideways.

As we know though, anything can happen with price action on cryptos.   At anytime price could fail that 5.60 level and then open up downside risk to 4.60 (the latest bottoms).

If price pushed higher sooner rather than later we want to keep an eye on it breaching the descending trend line.  6.50 and then 7.50 are the upside targets I would keep my eyes on initially.

Conclusion

Regardless of what happens we should always have an idea of the upside and down side targets along with what if any trend a crypto’s price is currently in.   That old saying “knowing is half the battle” really does ring true!

Bitcoin Consolidating Before Next Move. Analyzing BTC, EOS, BNB, ETH, LTC, XRP and BAT

Bitcoin continues to consolidate between $10,800 and $11,100. Daily volume is slowly rising, currently just above $21 Billion.

In today’s video I analyze Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP. We’ll discuss where prices may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative,

Analyzing EOS, BNB, BAT, ETH, LTC and XRP: A Closer Look

Like Bitcoin, many altcoins are looking ripe for a larger move.

EOS is peeking it’s head up and out of a wedge it’s been consolidating in these past few days.

Binance Coin (BNB) just broke out of the bullish, descending broadening wedge we discussed 2 days ago.

Basic Attention Token (BAT) is consolidating below heavy resistance and on top of an ascending line of support. It looks poised to breakout in the next few days.

Litecoin has been one of the most impressive coins of 2019. Last we spoke, it was finding resistance at $125. It has since broke resistance and, as discussed in

EOS is Pausing before the Run to $20+

EOS has had an amazing start into the first half of 2019 and I am expecting this to full fledge continue. I have been calling this from the beginning of the year in the $2 and we are going back to highs. I am watching the $6 level here and I WANT this to hold. That does not mean it has to but if it does it means we likely reach targets quicker.

We may pullback into the Mid 5’s but I do not see us going lower than this. I am looking for EOS to catch up to litecoin

Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP Analysis: Waiting for Larger Move

Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.

Price has been unable to decisively (daily candle open and close) break above the 21 day EMA….which is now confirmed resistance. A decisive break above would be significant in my opinion.

Zooming in on the 4 hour chart, we can see the 8, 21 and

Bitcoin, EOS, LTC, ETH, BNB and XRP Analysis: Bulls Put Up a Fight

Yesterday we discussed how bitcoin would likely retest the $7,500 support. I had my doubts this support would hold a second time, but bulls proved again they’re not out of the fight. We watched a textbook double bottom bounce as price rallied to about $8,000 before finding resistance. It’s currently trading around $7,950 on Coinbase. Daily volume is stagnant, suggesting traders are still taking a watch and wait approach.

In today’s video I analyze Bitcoin, EOS, ETH, LTC, BNB and XRP. We’ll discuss where prices might be heading next, key areas to watch, traps to avoid and so much more. I

Bitcoin, EOS, ETH, LTC, BNB, BAT and XRP Analysis: Bulls Trying to Hang On

In my last couple updates, I discussed the real possibility bitcoin was topping out. It’s now decisively broken below the $8,150 support. The next area of support is $7,550.

Price is currently below the 21 Day EMA. If a daily candle opens and closes below the 21 day EMA, I’d likely signal more downside to come and possibly the start of a larger correction.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, LTC, ETH and XRP. We’ll discuss where prices may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you find it helpful.

Video

Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP Analysis: Quick Update

Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.

We’re continuing to see bearish divergence on both the daily RSI and MACD.

Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.

In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key

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