EOSViés de alta
EOS pumped - What now?
Intro:
A lot of old dinosaur coins have been pumping.
At this point in the cycle, it's quite common to see this - This post is made to document how I usually do my analysis on these types of coins that have been through multiple cycles. But in a short format.
Analysis:
A brief run through memory lane - 2021:
In the image above you see the relative simple setup. We had a previous high from 2018 we draw an ancored VWAP from that high, this marks our level we expect price to return to in the future.
Next we have a downwards trendline, we wait for this to break to the upside and retest. While retesting, we want the White Noise indicator to be bullish!
Then we sell gradually after hitting the VWAP level.
Notice that each cycle has left a lower high for EOS. It could be that many years in the future it breaks that downwards trend (on its monthly candle) to the upside, but I dont want to trade for that because of the amount of opportunity cost that would give me.
The VWAP takes this into account and gets us out as a relative good price!
The chart below shows what I mean COULD BE A POSSIBILITY BUT VERY UNLIKELY!
Here on the Monthly chart we could see a long term multi cycle chart that only shows lower lows and lower highs until it suddently breaks out and makes another ATH.
EOS compared to its BTC-pair:
The above chart shows you that EOS simply bleeds on it's BTC pair, but we do see periods of outperformance, that is quite common for a lot of coins that bleed on their BTC pair - these periods can be caught by either looking for double bottoms on their BTC pairs, or breaks in their downwards trendline:
Example with trendline break:
Example with double bottom for XRP:
Conclusion:
It looks like EOS is well on it's way to it's previous highs VWAP (from 2021), it could overshoot that level, which is why I would recommend slowly, every week, dollar cost averaging OUT of your position after EOS breaks it's VWAP level!
This current setup shown in the chart for this post, is almost a carbon copy of last time we saw a big move for EOS, the White Noise going bullish after a long time of being red, coupled with confluence for a bullish divergence on the RSI makes me think that we could reach, the blue VWAP traced from the 2021 april high, which is now at around $3.6.
The White Noise indicator is linked below and made free for everyone on TradingView!
A lot of old dinosaur coins have been pumping.
At this point in the cycle, it's quite common to see this - This post is made to document how I usually do my analysis on these types of coins that have been through multiple cycles. But in a short format.
Analysis:
A brief run through memory lane - 2021:
In the image above you see the relative simple setup. We had a previous high from 2018 we draw an ancored VWAP from that high, this marks our level we expect price to return to in the future.
Next we have a downwards trendline, we wait for this to break to the upside and retest. While retesting, we want the White Noise indicator to be bullish!
Then we sell gradually after hitting the VWAP level.
Notice that each cycle has left a lower high for EOS. It could be that many years in the future it breaks that downwards trend (on its monthly candle) to the upside, but I dont want to trade for that because of the amount of opportunity cost that would give me.
The VWAP takes this into account and gets us out as a relative good price!
The chart below shows what I mean COULD BE A POSSIBILITY BUT VERY UNLIKELY!
Here on the Monthly chart we could see a long term multi cycle chart that only shows lower lows and lower highs until it suddently breaks out and makes another ATH.
EOS compared to its BTC-pair:
The above chart shows you that EOS simply bleeds on it's BTC pair, but we do see periods of outperformance, that is quite common for a lot of coins that bleed on their BTC pair - these periods can be caught by either looking for double bottoms on their BTC pairs, or breaks in their downwards trendline:
Example with trendline break:
Example with double bottom for XRP:
Conclusion:
It looks like EOS is well on it's way to it's previous highs VWAP (from 2021), it could overshoot that level, which is why I would recommend slowly, every week, dollar cost averaging OUT of your position after EOS breaks it's VWAP level!
This current setup shown in the chart for this post, is almost a carbon copy of last time we saw a big move for EOS, the White Noise going bullish after a long time of being red, coupled with confluence for a bullish divergence on the RSI makes me think that we could reach, the blue VWAP traced from the 2021 april high, which is now at around $3.6.
The White Noise indicator is linked below and made free for everyone on TradingView!
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Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
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