Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
Categories
  • Bitcoin analysis
  • Crypto Coin Analysis
  • Cryptocurrencies – Trading Education
  • DeFi market analysis
  • Stock Market
Defimood

Copy Trading,
investments in cryptocurrency

Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
  • Crypto Coin Analysis

EOS and NEO Cryptocurrencies: Is It Worth Buying and When?

  • 30.06.2021
Total
0
Shares
0
0
0
0
0

Constantly looking for new crypto projects that can shoot and give good interest, we forgot about good old coins. Despite the constant updating of the cryptocurrency market rate, NEO and EOS continue to maintain good trading volumes and may present powerful growth waves in the future. Today we will take a closer look at these crypto coins.

EOS: Where to buy for a long term target of $8?

The tense situation in the altcoin market and the weak reaction to BTC attempt to start growing is starting to worry. Analyzing the EOS cryptocurrency over the past two months, buyers have completely left the initiative in the wrong hands. If in the period 8-13 June, buyers had every chance to reverse the local sellers’ trend, now we see a lack of support and desire:

EOS

On the 4-hour timeframe, we showed how buyers kept the important range of $4.4-4.7 for a month, which has now become their main problem. On 19 May, during a massive fall in the cryptocurrency market, EOS buyers kept the price in this range. Though, a month later, sellers without volumes were able to lower the price lower and take control of this important range without any problems.
On the 12-hour timeframe, you can clearly see that the EOSUSD price is moving in the white fall channel from 27 May:

Це зображення має порожній атрибут alt

The lower trend line works out especially accurately. Yesterday, buyers had a chance to go beyond the white channel and break sellers’ plans. Although, as we see on the chart with such trading volumes, it is very difficult to reverse the medium-term trend.

Local scenario for the EOS market

On the 6-hour timeframe, the price moves in a black wedge. The critical point for the continuation of the upward trend is at $3.7. Below this level, buyers will lose local initiative and will again have to prove their strength at the level of $3.35. Therefore, below $3.7, we would not recommend keeping this coin for local speculation in the EOS market.

If the mark of $3.7 is kept, we will expect the price to continue growing to $4.4-4.7. At this point, it is worth thinking about fixing profitable short-term positions.

If we look at the global situation on the EOS market, we can see that the price is practically at a historical bottom:

EOS

On the EOSBTC chart, it is noticeable that globally buyers are gaining a large position since January 2021. At the moment, if we see another fall wave in the EOSBTC market, this will give an opportunity for investors to buy the coin for a long term in the range of 0.0000725-0.0000850.

To summarize our analysis:

  1. Local continuation of growth is possible after the price fixes above $3.7
  2. The target of the local growth trend is in the range of $4.4-4.7
  3. The loss of the mark $3.35 will open the way for sellers up to $2.5
  4. The first big target for the EOS market growth is $8.

We lost sight of NEOUSDT, it turns out that the last time we did the idea was 2.5 months ago.

NEO 12ч. Нас ждет продолжение роста до 100$ ?

But the previous idea worked very well, exceeding our targets, a maximum – $141.

And then there was a fall, clearly in levels, look through the previous idea and you will see everything for yourself.

On the recent fall, the level of $28 received the status of a strong mirror, since it previously served as a strong resistance, and now coped with the role of support.

For the next few days, it is necessary that the level of $28 once again adequately withstands the blow from above and an aggressive buyout of buyers begins. In this case, we can safely expect the NEOUSD price to grow to $60 at least.

If the level of $28 does not withstand the pressure of sellers, then the price will fall below, and long positions will gain from $20 and above.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Related Topics
  • eos
  • eosusdt
You May Also Like
View Post
  • Crypto Coin Analysis

XRP Cryptocurrency – buyers have a chance to start an uptrend

  • defimood
  • 25.11.2022
View Post
  • Crypto Coin Analysis

Monero Cryptocurrency – Does this “grandfather” have a future?

  • defimood
  • 16.11.2022
View Post
  • Crypto Coin Analysis

SOL cryptocurrency – closeness with FTX can destroy

  • defimood
  • 15.11.2022
View Post
  • Crypto Coin Analysis

Polkadot (DOT) сryptocurrency – growth forecast to $10

  • defimood
  • 11.11.2022
View Post
  • Crypto Coin Analysis

VET Cryptocurrency growth prospect to $0.07

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

The future of the FTT token is in jeopardy

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

SUSHI Cryptocurrency – main target $3.3

  • defimood
  • 04.11.2022
View Post
  • Crypto Coin Analysis

MASK Cryptocurrency – what Elon Musk and Twitter have in common

  • defimood
  • 03.11.2022
Defimood
  • Market analysis
  • General strategy
  • Copy trading
  • Deposit management
  • Assistance to Ukraine
  • About us
  • Українська
  • English
криптотрейдинг, инвестиции в криптовалюту

Copyright © 2021 defimood.com All Rights Reserved.

Input your search keywords and press Enter.