A descending channel arises, the price is ready to break out.
When price breaks through the resistance, the resulting move could identify the more likely potential of rising prices.
A bullish continuation towards 0.62 looks possible on a breakout of the descending channel as the cryptocurrency sticks to the positive mood.
EOS: Descending Channel
EOS/USD,
1 day
LONG
Mar 19
There is a descending channel found, the price is about to break out soon.
A descending channel is said to depict a specific price action indicator that spots a temporary interruption during a falling market once price breaks above resistance.
EOS/USD to enjoy a considerable gain towards 0.6.
EOS: Ascending Channel
EOS/USD,
4 hours
SHORT
Aug 15
The price gives an ascending channel.
An ascending channel often results in a bearish price action if price breaks down.
EOS/USD accelerates losses towards 0.71.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 9
As we can see an ascending channel forms, the price breaks out soon.
An ascending channel is a useful chart formation that can be used to predict a bearish price action once price collapses through the support line.
EOS/USD to maintain its negative tone to 0.89 on a breach of 0.892 as the cryptocurrency is at a brink of a bearish breakout.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Jun 9
There is a rising wedge exposed.
A rising wedge typically spots the bulls have run out of steam if price breaks down.
There is a chance of corrective downside towards 0.89 on a breach of 0.894 as upside pressure seen easing.
EOS: Descending Channel
EOS/USD,
1 day
LONG
5 days ago
As we can see the price gives a descending channel.
A descending channel identifies a further move up if price breaks above resistance.
There is a probability of a move to the 0.65 level on a upside break as there is a chance for a upside correction.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 23
As we can see an ascending channel is close to being complete, the price is about to break out now.
An ascending channel indicates that the price to go down when price breaks down.
EOS/USD could attempt a move towards 0.565 on impulse below 0.567.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Jun 23
It looks like a rectangle is nearing completion, the price requests a more strong move for the certainty of breakout.
When price breaks out to the the downside, the move could indicate the more likely potential of falling prices.
EOS/USD targets a move to the 0.56 mark on a breakout of the rectangle.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
13 hours ago
There is a falling wedge revealed and EOS/USD wants a bit more consolidation as a verification of a breakout.
A falling wedge signals a tendency to break in the opposite direction once price breaks through the resistance.
EOS/USD to extend its advance towards 0.76 once above 0.75.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Mar 28
A descending channel is close to being done.
A descending channel is said to depict a specific bullish signal that typically identifies the bears have run out of steam in case if price breaks out.
It is not ruled out that a move to 1.08 will happen as door open for a test of 1.08.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jul 13
There is a descending channel observed.
A descending channel describes a specific price indicator that often spots an interruption of a downtrend if price breaks out to the the upside.
It is not ruled out that a bullish push up towards the 0.74 zone will occur.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Mar 15
There is an ascending channel recognized and the price asks for a more bigger bearish continuation as a signal of a breakdown.
An ascending channel results in a move down once price breaks out to the the downside.
EOS/USD turns lower towards the 0.495 zone on a breach of 0.5.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
EOS · EOS/USD