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EOS/USD Local work. Reversal zone. %

Local trend. Logarithmic graph. Time frame 1 day. Reversal zone. Percentage of key zones.

Mirrored resistance zones are shown in grey. There may be a significant rollback from them, or at least a stop and consolidation in these zones. Trend lines (price movement directions) are shown on the chart, their importance and strength (long-term in time) are highlighted in the appropriate color.

From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. At the moment, the price is entering the first resistance zone, which, in case of fixing in it, can become a "launching pad for a strong impulse (mirror structure).

Coinmarketcap: EOS

The same parameters, but on a line chart.

Next ideas for zooming in to understand what zone the price is in.

Secondary trend

EOS/USD Secondary trend.

Main trend

Main trend. Channel

註釋

From the Pivot Zone +40% to the first target, the level of 1.9121. Now back to the reversal zone. An expanding triangle is formed. Key reversal levels and targets from them on the chart. Time frame 3 days. In September, this coin has an important update.

註釋

Work in the channel 105%.
The sideways area after pumping +105% of accumulation/clamping (in green).

After publication of the idea:
Rollback from the first wave and reversal on 4 08,
Pumping peaks on 23 08 and 11 09 and reversal to dump from 1.9121 = 911/21.

Price has now reached the 0.93 level zone. From the average sideways price -23%.
A local wedge is formed, which can act as the right side of the big double bottom with the base of 100%, i.e. the width of the channel.

It is worth noting that stops are concentrated under this support.
The percentages of the key reversal zones (liquid zones) are shown on the chart.

註釋

This is how this secondary trend zone looks on the line chart.

註釋

There is a breakdown of the wedge resistance (the right side of the double bottom).

註釋

Price in the lower channel zone. Conditional double bottom.

註釋

This is how this zone looks like on a line chart. There is a clear fractal similarity. It is worth noting that there is no significant trading volume compared to other altcoins.

註釋

Price is still in a horizontal channel of 317 days with increments of 120%. The price is $1.1813 at the moment.

EOS Network Ventures gives $20 million to create Dapps and games on EOS blockchain

註釋

Pay attention to this cryptocurrency. Showed local price movements from this zone of the horizontal channel. Remember, any price in the accumulation zone is acceptable. Before a local decline, the purchase seems expensive, but after a while in the distribution zone it seems very successful and cheap.

註釋

Local reversal zone.
Important mirror resistance level (former support) marked in yellow color. Percentages from the reversal zone to key local support/resistance levels are shown for clarity and general picture.