A rising wedge appears, EOS/USD requests a next active bearish move as a sign of a breakout.
A rising wedge suggests a technical bearish price signal that often predicts a bearish price action when price breaks below support.
EOS/USD risks potential downside towards the 0.53 zone on a breakout of the rising wedge.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
May 28
There is an ascending channel encountered.
An ascending channel is believed to be a specific signal that spots a move down if price collapses through the support line.
A bearish move to 0.83 is likely to happen on a breakdown of the ascending channel as the cryptocurrency becomes bearish.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Apr 25
It looks like a descending channel is close to being finished and the price requires a further active move as a clue of a breakout.
A descending channel typically signals a countertrend succeeding the current trend when price breaks out to the the upside.
A bullish price action towards 1.05 is about to happen as extra rangebound not ruled out.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Feb 4
There is an ascending channel happening and the price is close to breaking out.
An ascending channel is said to depict a useful indicator that is used to identify a pause in an uptrending market in case if price breakdown occurs.
A rangebound to 0.71 is about to happen as upside pressure mitigates.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
May 24
A falling wedge is encountered, the price is ready to break out.
A falling wedge typically indicates that the price to go up if price breaks through the resistance.
There is a chance of a bullish price action to 0.75.
EOS: Pennant
EOS/USD,
4 hours
SHORT
Jul 30
There is a pennant spotted and the price requests a more correction for clear breakout confirmation.
A pennant often predicts a bearish move if price breaks below support.
EOS/USD could attempt a move towards the 0.56 level.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jun 24
It seems like a descending channel is close to being finished, EOS/USD lacks more rise to confirm descending channel breakout.
A descending channel provides a reliable signal that can be used to spot a break during a downtrending market in case if price breaks out to the the upside.
It is not ruled out that a bullish push up to the 0.57 zone will occur.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
May 23
It looks like an ascending triangle has been recognized and the price asks for a more strong move as an information of a breakout.
An ascending triangle denotes a formation that can be used to identify the bulls have run out of steam once price breaks below support.
There is a chance of a bearish run towards the 0.85 level.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jul 21
There is an ascending channel coming out and the price is ready to break out.
An ascending channel represents a technical bearish pattern that spots the bulls have run out of steam once price breaks down.
EOS/USD to suffer a steeper decline to 0.605.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jun 29
A descending channel is close to being done and the price requests a bit more consolidation for the certainty of breakout.
Once price breaks above resistance, the move could indicate that the price will rally further.
EOS/USD to prolong the growth phase towards 0.7 as downside pressure mitigates.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Jun 28
A rising wedge is close to completion and EOS/USD asks for more bigger pullback as a sign of a breakout.
A rising wedge is a price action indicator that can be used to predict the bulls have run out of steam when price breaks out to the the downside.
A bearish push down towards 0.585 looks likely on a break below 0.59.
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.
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EOS · EOS/USD