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EOSBTC trade ideas

Automating the RSI to profit from volatilityDesigning your automated strategy For today’s analysis, we have chosen two markets: XRP/BTC and EOS/BTC, a couple of the most liquid BTC trading pairs. We have selected 1 hour candle size and the indicator RSI With Region Crossover . First of all, let’s understand what this variant from the RSI will do in our strategy:

RSI with region crossovers gives the user the option to open or close positions only at crossover with the oversold and overbought thresholds, not when the RSI enters, for example, the oversold zone, but when it exits it. In this way, your bot will only open positions once the price is oversold and is recovering positive momentum (the price is going back up). Whit this setup, we want to open positions once: 1st. price has fallen quick enough to be oversold and 2nd the price is crossing from the oversold to the neutral zone. Therefore, it open positions when the price is more likely to go back up. Chart As we can see in the chart, The bot would have open positions once the RSI goes from the oversold to the neutral zone. Then, having more chances to get a positive trade. The green circles represent the buy zones and the sells would depend on your take profit, trailing stop-loss or strategy.
by cryptohopper
16
EOS/BTC Looks Bullish in Daily TFBullish Characteristics: Ichimoku Cloud - - Beginning of a cloud twist appears to be forming ahead (From RED to GREEN) - Tenkan-Sen/Conversion line crossed above Kijun-Sen/Base line (Blue line above Red line) or (Fast MA above Slow MA) - Price broke through Senkou/Leading Span B into the red cloud, has since retested Span B (GREEN cloud line) as support and will look to cross the cloud for a breakout above Senkou/Leading Span A (RED cloud line). - Chikou/Lagging Span. Should break above price action and/or cloud once the breakout occurs giving further bullish confirmation. Ascending Triangle - - Price near end of bullish pattern - Volume slowly declining (Less trades as traders wait to see where price goes upon pattern completion RSI - - Respected a clear resistance line until it broke through (simultaneously while price broke into cloud). - Line was retested for a support and held up - Outlined in RED is a hidden bullish divergence - Also looks as if RSI will be able to stay above 50 indicating a possible trend reversal. Entry - - I believe since price is bouncing off support along the ascending triangle as well as the Span B line within the cloud, taking a long at the current price would be safe. A more conservative approach would be to wait until price breaks out above the cloud along with the Tenkan line over the Kijun Line. And waiting for Lagging span to break above price as well. Exit - - Targets could include measured move of Triangle - Could also wait for a cross of Tenkan (Blue) below Kijun (Red) after breakout - Or set TP at next resistance after Breakout - Set Stop loss below 3000 sats for first entry, or below most recent swing low for more conservative entry This is not financial advice. For personal reference and discussion only. GL!!!
Long
by JViLLe
Eos If the price is supported by the 0.00031194 point and the uptrend line, and the price is maintained, and the break out of the fast downtrend line, I think a lot of upside is possible. Below 2.6883 is the mid- to long-term investment area. If you buy slowly when you see a rise at this point, you can see good results next year. The 1.55 point is the point that can be reached after a lot of decline to the next support point. I have to be careful about buying. The extent of the uptrend will be determined by the uptrend line and how it moves above 3.3823.
by readCrypto