There is a descending triangle taking place, EOS/USD requests an active move as a signal of a breakout.
If price breaks below support, the resulting move could predict a further move down.
EOS/USD to increase bearish potential towards 1.15.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Jun 5
It looks like the price shapes a rising wedge.
A rising wedge is considered to be a bearish price action pattern that can be used to signal a sharp decline once price breakdown occurs.
It is likely that a bearish continuation to 0.905 will be made on a breakout of the rising wedge.
EOS: Falling Wedge
EOS/USD,
1 day
LONG
Feb 8
A falling wedge is very close to being finished, EOS/USD requires more bigger rise as proof of a breakout.
A falling wedge typically predicts that prices are likely to keep rallying upward in case if price breaks out to the the upside.
EOS/USD turns bullish to 0.75 on a breakout of the falling wedge.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Jan 22
It looks like an ascending triangle is revealed and the price breaks out.
An ascending triangle depicts a bearish price action pattern that is used to indicate a bearish move when price breaks out.
EOS/USD risks further downside towards the 0.71 mark on a downside break as there is room for a downside correction.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
May 21
We can see that a rectangle has been revealed and the price requests a bigger correction to confirm a breakout.
A rectangle can be thought of as a reliable bearish pattern that is used to predict extending an downtrend if price breaks out.
EOS/USD is at risk of resuming its decline to 0.874 on a breach of 0.875.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Aug 31
We can see that an ascending channel is very close to being completed and the price is close to breaking out now.
An ascending channel depicts a formation that is used to indicate a next move down if price breaks out to the the downside.
EOS/USD to plummet towards the 0.62 zone.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
May 5
There is a falling wedge discovered, the price asks for next rise as a sign of a breakout.
A falling wedge describes a signal that can be used to predict a move up once price breaks out.
There is a chance of a bullish run towards 1.01 on a breach of 1.004.
EOS: Descending Triangle
EOS/USD,
1 hour
LONG
Jul 13
A descending triangle emerges and the price requires a bit more consolidation to confirm descending triangle breakout.
If price breaks out to the the upside, the resulting move could identify an extension in the upward direction.
A further bullish move towards 0.73 is about to happen as the cryptocurrency challenges 0.728 hurdle.
EOS: Bullish Flag
EOS/USD,
1 hour
LONG
Mar 23
A bullish flag has been recognized.
A bullish flag represents a technical price action formation that can be used to spot a bullish price move when price breaks above resistance.
There is a chance of a rangebound to 1.02 as the mood may improve.
EOS: Descending Triangle
EOS/USD,
1 hour
LONG
Apr 2
A descending triangle emerges and the price is breaking out.
If price breaks out, the move could signal an extension in the upward direction.
EOS/USD opens door for a move to the 1.2 zone.
EOS: Pennant
EOS/USD,
1 hour
LONG
Apr 13
We can see that a pennant emerges and the price is ready to break out.
A pennant provides a compelling signal that spots a sharp rise in case if price breaks out to the the upside.
There is a probability of a further bullish run towards 1.22 while above 1.21.
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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EOS · EOS/USD