There is a descending channel detected.
A descending channel is believed to be a useful bullish formation that is angled down that is used to signal a downward trend is nearing its end when price breaks through the resistance.
A bullish run towards 0.526 looks probable on a breakout of the descending channel.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
May 7
The price forms a descending channel and the price calls for a more move as a clue of a breakout.
A descending channel describes a specific bullish price action signal that results in a bullish price move when price breaks out to the the upside.
A rangebound towards the 0.71 level looks probable on a breach of 0.702 as EOS/USD looks bid.
EOS: Descending Triangle
EOS/USD,
1 hour
LONG
Jan 10
A descending triangle is revealed.
Once price breaks above resistance, the resulting move could spot a further move up.
It is possible that a bullish price action towards 0.73 will happen on a breakout of the descending triangle.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
Mar 28
There is a falling wedge turning up, EOS/USD requests a more move to confirm a breakout.
A falling wedge typically predicts a move up in case if price breaks out.
A further move to 1.08 is on the way on impulse above 1.06.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Jan 5
We can see that an ascending triangle pops up.
An ascending triangle tends to be a compelling chart indicator that predicts a sharp decline when price breakdown occurs.
EOS/USD is at risk of extending its slump to the 0.77 mark on a breakout of the ascending triangle.
EOS: Ascending Triangle
EOS/USD,
1 hour
LONG
May 14
It seems like an ascending triangle has been uncovered and the price asks for an active bullish action as an information of a breakout.
When price breaks out, the move could identify that the price will rally further.
EOS/USD does not rule out a move to the 0.878 zone on a breach of 0.877 as bulls looking for upside correction.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Aug 29
As we can see a rectangle occurs, the price is ready to break out soon.
If price breaks out to the the upside, the move could indicate extending an uptrend.
EOS/USD to continue the appreciation trend to the 0.6 level.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
May 1
We can see that the price builds a descending channel and the price is about to break out now.
Once price breaks out, the resulting move could signal a break in the price direction.
EOS/USD does not rule out a move towards the 0.69 zone on a breach of 0.682.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Mar 28
EOS/USD forms a rectangle, the price wants an active move as a clue of a breakout.
In case if price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward.
EOS/USD to move up towards the 1.08 level.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 5
There is an ascending channel coming out.
An ascending channel describes a bearish formation that can be used to identify a bearish price action in case if price collapses through the support line.
EOS/USD to move back towards the 0.91 level amid rising bets for the move.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Dec 29
An ascending channel is close to being completed, the price is about to break out.
If price breaks out to the the downside, the resulting move could indicate a bearish move.
EOS/USD to slide towards the 0.78 mark.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
Jul 13
There is a falling wedge encountered and the price calls for a further bullish move as evidence of a breakout.
A falling wedge identifies a reliable price action formation that predicts a break during a downtrending market in case if price breaks through the resistance.
EOS/USD to continue higher to 0.72 as the wind continues blowing in favor of EOS/USD.
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EOS · EOS/USD