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EOS: Descending Channel

EOS/USD, 4 hours    LONG Jun 20
It looks like a descending channel happens and the price needs next bigger rise to confirm descending channel breakout. A descending channel is believed to be a reliable price action formation that can be used to identify a change in the prevailing trend once price breaks out. A move to the 0.64 zone stays on the cards on a break above 0.625.
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