In this article, we will share a possible LONG Trade on EOS/BTC. If you are a spot trader, you can buy EOS/BTC at Bitfinex or other markets you prefer. For leveraged trading, we are using Bitmex, The price data we use in Our Call and Chart is derived from BITFINEX.
Catalyst for growth
Huobi Group plans to launch the company’s first cryptocurrency exchange — which will be dedicated to EOS — in the first quarter of 2019, according to an article appeared on cointelegraph
The exchange will be reportedly launched by Huobi Pool, the group’s cryptocurrency mining arm. Cao Fei, the CEO of Huobi Pool, described the launch of the EOS exchange as “the next logical step in our support” as an EOS Block Producer (BP).
The release states that the exchange will allow clients to trade in the altcoin EOS against several other cryptocurrencies.
Houbi is currently doing Trial for upcoming Exchange.
Technicals
The chart looks better, showing accumulation in a range from last few days. Candlesticks had formed multiple upper wicks in last two months, which is sign of potential upside move. RSI is neutral, Volume is increasing slowly, Sell Volume is less as compare to buy volume. All this factor showing EOS as a strong coin for potential upside.
Trade Signal
Buy zone: 0.00063 BTC – 0.000655 BTC
Sell Zone: 0.00069 BTC – 0.00072 BTC
Stop: 0.00058 BTC
Time Frame: upto 7 Days
Action: Long
Buy zone: 0.00062 BTC – 0.000645 BTC
Sell Zone: 0.00067 BTC – 0.0007 BTC
Leverage: 3X
Stop: 0.00058 BTC
Time Frame: upto 7 Days
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![Bitcoin [BTC] Price Analysis – Monthly Returns](https://itsblockchain.com/wp-content/uploads/2020/09/bearish-view-120x86.png)
