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EOS: Descending Channel

EOS/USD, 1 hour    LONG Oct 14
As we can see a descending channel has been discovered, EOS/USD wants a bit more consolidation as evidence of a breakout. A descending channel suggests a formation that is angled down that typically spots a further move up when price breaks above resistance. EOS/USD to recover bullish potential towards the 0.475 mark.
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