Update 2: Our Stop Loss was too tight, let’s wait for confirmation…
Current: $3.6479 Target: $3.05 or $4.06 - 7 Day Horizon Stop Loss: $3.55 or $3.83
SHORT SELL EOS if it crosses $3.50 to later BUY at $3.05.
BUY EOS if it crosses $3.83 to later SELL At $4.06.
EOS price is expected to be volatile, so do not read fluctuations between the current price and the Stop Loss price as indications of a failed trade!
Analysis:
As Bitcoin is expected to decline, so are altcoins - but our last analysis was too early. Our EOS short was triggered at $3.55 but we had a tight stop at $3.72 which executed on a brief pop to $3.77.
EOS over the past 9 days has been trading in a tight range, with no support right above or right below. This means that price will make a volatile movement, regardless of the direction the trend breaks. Let’s wait for a range break on this trade so we don’t over trade the trend but still capture some volatility. Here’s the two ways we can trade this:
SHORT EOS if it declines below $3.50 with a stop at $3.83, then BUY back at $3.05
BUY EOS if it goes above $3.83 with a stop loss at $3.55, and SELL at $4.06
SHORT SELL EOS at $3.50 - $3.55 to later BUY at $2.85-$3.05.
EOS price is expected to be volatile, so do not read fluctuations between the current price and the Stop Loss price as indications of a failed trade!
Analysis:
When EOS crossed below $3.55 it triggered a SHORT SELL confirmation. We expect the major trend to be the downside over the coming week.
EOS over the next 3 or so days may pause at $3.30 before making a rapid decline to our BUY zone ($2.85-$3.05).
Original Trade Opportunity:
Current Price: $3.6591
Target: $2.85 OR $4.10 (7 day time frame)
EOS price is in a several month long decline, we should not ignore that trend. However, price may be ready to temporarily bounce before selling off again. The directional signals are still unclear, so we have have both sides of the opportunity mapped out, pending confirmation.
There’s two ways to trade EOS this week:
BUY if price increases to $3.83 for a target between $4.00 - $4.10
SELL if price decrease to $3.50-$3.55 for a target between $2.85-$3.05
EOS price has been in decline for 81 days from a high of $8.65 to its current $3.66. Should price decline below $3.50, EOS can free-fall through the volume void into the next area of large support. From there EOS may recover into a stronger positive trend, we will be sure to re-evaluate then.
Share this post
Trade Opportunity 4: HOLD EOS
Share this post
Starting Monday August 26th, ALL active trades and reports will be for subscribers only.
Try a membership, your first month is free!
Update 2: Our Stop Loss was too tight, let’s wait for confirmation…
Current: $3.6479
Target: $3.05 or $4.06 - 7 Day Horizon
Stop Loss: $3.55 or $3.83
SHORT SELL EOS if it crosses $3.50 to later BUY at $3.05.
BUY EOS if it crosses $3.83 to later SELL At $4.06.
EOS price is expected to be volatile, so do not read fluctuations between the current price and the Stop Loss price as indications of a failed trade!
Analysis:
As Bitcoin is expected to decline, so are altcoins - but our last analysis was too early. Our EOS short was triggered at $3.55 but we had a tight stop at $3.72 which executed on a brief pop to $3.77.
EOS over the past 9 days has been trading in a tight range, with no support right above or right below. This means that price will make a volatile movement, regardless of the direction the trend breaks. Let’s wait for a range break on this trade so we don’t over trade the trend but still capture some volatility. Here’s the two ways we can trade this:
SHORT EOS if it declines below $3.50 with a stop at $3.83, then BUY back at $3.05
BUY EOS if it goes above $3.83 with a stop loss at $3.55, and SELL at $4.06
Update 1: SELL EOS before it declines below $3.30
Current: $3.4967
Target: $3.00 - 7 Day Horizon
Stop Loss: $3.72
SHORT SELL EOS at $3.50 - $3.55 to later BUY at $2.85-$3.05.
EOS price is expected to be volatile, so do not read fluctuations between the current price and the Stop Loss price as indications of a failed trade!
Analysis:
When EOS crossed below $3.55 it triggered a SHORT SELL confirmation. We expect the major trend to be the downside over the coming week.
EOS over the next 3 or so days may pause at $3.30 before making a rapid decline to our BUY zone ($2.85-$3.05).
Original Trade Opportunity:
Current Price: $3.6591
Target: $2.85 OR $4.10 (7 day time frame)
EOS price is in a several month long decline, we should not ignore that trend. However, price may be ready to temporarily bounce before selling off again. The directional signals are still unclear, so we have have both sides of the opportunity mapped out, pending confirmation.
There’s two ways to trade EOS this week:
BUY if price increases to $3.83 for a target between $4.00 - $4.10
SELL if price decrease to $3.50-$3.55 for a target between $2.85-$3.05
EOS price has been in decline for 81 days from a high of $8.65 to its current $3.66. Should price decline below $3.50, EOS can free-fall through the volume void into the next area of large support. From there EOS may recover into a stronger positive trend, we will be sure to re-evaluate then.