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: 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: 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: Rising Wedge
EOS/USD,
1 day
SHORT
Jun 3
EOS/USD establishes a rising wedge, the price is close to breaking out.
In case if price breaks out to the the downside, the resulting move could indicate a breakdown is likely to occur.
Decline to the 0.8 zone is likely as sell-off may continue.
EOS: Bearish Flag
EOS/USD,
1 hour
SHORT
Apr 19
A bearish flag is very close to being completed.
A bearish flag often predicts that the price to go short if price breaks down.
EOS/USD to accomodate to 1.2 on a breakdown of the bearish flag.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jun 20
A descending channel is close to being finished.
A descending channel often spots a bearish-to-bullish trend reversal if price breaks out to the the upside.
It is possible that a bullish price action to the 0.63 zone will be made.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Jul 30
There is a rising wedge emerging, the price is about to break out soon.
A rising wedge depicts a technical bearish price formation that can be used to spot the bulls have run out of steam when price collapses through the support line.
EOS/USD to push down to the 0.754 level while below 0.756.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Aug 29
A descending channel has been distinguished and the price is ready to break out.
A descending channel represents a signal that can be used to signal that the price to go up once price breaks through the resistance.
It is possible that a further bullish continuation to the 0.595 mark will form.
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EOS · EOS/USD