A symmetrical triangle develops and the price demands a bearish impulse for clear breakout confirmation.
A symmetrical triangle represents a useful bearish signal that is used to identify an extension in the downward direction if price breaks through the support.
There is a possibility of further decline towards 0.562 once below 0.564 as the cryptocurrency becomes offered.
EOS: Descending Triangle
EOS/USD,
1 hour
LONG
Jan 10
A descending triangle is revealed.
Once price breaks above resistance, the resulting move could spot a further move up.
It is possible that a bullish price action towards 0.73 will happen on a breakout of the descending triangle.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
Mar 28
There is a falling wedge turning up, EOS/USD requests a more move to confirm a breakout.
A falling wedge typically predicts a move up in case if price breaks out.
A further move to 1.08 is on the way on impulse above 1.06.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Jan 5
We can see that an ascending triangle pops up.
An ascending triangle tends to be a compelling chart indicator that predicts a sharp decline when price breakdown occurs.
EOS/USD is at risk of extending its slump to the 0.77 mark on a breakout of the ascending triangle.
EOS: Ascending Triangle
EOS/USD,
1 hour
LONG
May 14
It seems like an ascending triangle has been uncovered and the price asks for an active bullish action as an information of a breakout.
When price breaks out, the move could identify that the price will rally further.
EOS/USD does not rule out a move to the 0.878 zone on a breach of 0.877 as bulls looking for upside correction.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Aug 29
As we can see a rectangle occurs, the price is ready to break out soon.
If price breaks out to the the upside, the move could indicate extending an uptrend.
EOS/USD to continue the appreciation trend to the 0.6 level.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Mar 28
EOS/USD forms a rectangle, the price wants an active move as a clue of a breakout.
In case if price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward.
EOS/USD to move up towards the 1.08 level.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 5
There is an ascending channel coming out.
An ascending channel describes a bearish formation that can be used to identify a bearish price action in case if price collapses through the support line.
EOS/USD to move back towards the 0.91 level amid rising bets for the move.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
Jul 13
There is a falling wedge encountered and the price calls for a further bullish move as evidence of a breakout.
A falling wedge identifies a reliable price action formation that predicts a break during a downtrending market in case if price breaks through the resistance.
EOS/USD to continue higher to 0.72 as the wind continues blowing in favor of EOS/USD.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Sep 10
There is an ascending triangle turning up.
An ascending triangle predicts an extension in the downward direction when price breakdown occurs.
There is a probability of extra downside to the 0.58 level amid rising bets for the move.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
May 30
We can see that an ascending channel is close to being done, the price demands a bigger correction as proof of a breakout.
An ascending channel often results in a temporary interruption of an existing trend when price breaks down.
EOS/USD violates bullish trendline towards 0.895 as downtrend may continue.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Nov 24
There is a rectangle forming.
A rectangle depicts a useful bullish indicator that often signals a bullish move in case if price breaks out.
There is a chance of a move towards the 0.685 zone.
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EOS · EOS/USD