A descending channel is close to being done and the price is going to break out now.
If price breaks through the resistance, the resulting move could predict a bullish price action.
A rangebound towards the 0.8 mark is possible.
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: Descending Triangle
EOS/USD,
1 hour
SHORT
Mar 14
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: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 2
As we can see an ascending channel has been determined, the price is going to break out soon.
An ascending channel denotes an indicator that can be used to predict a further move down once price breaks through the support.
EOS/USD to slide towards the 0.806 level.
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
Jul 3
There is an ascending channel uncovered and the price breaks out.
An ascending channel often predicts a move down if price breaks out to the the downside.
A bearish continuation to 0.576 is about to happen on a breach of 0.578.
EOS: Bearish Flag
EOS/USD,
1 hour
SHORT
Jun 16
A bearish flag is almost done.
A bearish flag typically signals a change in price direction in case if price collapses through the support line.
It is not ruled out that a bearish price action towards the 0.655 level will occur.
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: 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: Ascending Channel
EOS/USD,
4 hours
SHORT
Sep 29
The price shapes an ascending channel and the price asks for a strong move for the certainty of breakout.
An ascending channel is said to depict a useful pattern that is used to spot a bearish price action when price breaks through the support.
There is a probability of a bearish price action to the 0.53 zone.
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.
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EOS · EOS/USD