A symmetrical triangle comes out, the price wants a further move as evidence of a breakout.
Once price breakdown occurs, the resulting move could predict a bearish price move.
It is possible that a bearish continuation to the 0.462 level will be made.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Nov 29
There is a descending channel distinguished, the price wants a next move as an information of a breakout.
A descending channel describes a chart pattern that is angled down that indicates reversals in downtrends if price breaks out to the the upside.
EOS/USD to surge considerably towards the 0.83 mark on a breach of 0.818.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 7
There is an ascending channel turning up and the price wants a next steady move as an indication of a breakout.
When price breaks below support, the resulting move could identify a bearish price action.
It is not ruled out that extra downside towards 0.78 will take place.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
May 30
We can see that an ascending channel is close to being done, the price demands a bigger correction as proof of a breakout.
An ascending channel often results in a temporary interruption of an existing trend when price breaks down.
EOS/USD violates bullish trendline towards 0.895 as downtrend may continue.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Nov 24
There is a rectangle forming.
A rectangle depicts a useful bullish indicator that often signals a bullish move in case if price breaks out.
There is a chance of a move towards the 0.685 zone.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jun 29
It seems like EOS/USD builds an ascending channel, the price breaks out.
An ascending channel is a useful chart formation that identifies a breakdown is likely to occur when price breaks out.
It is possible that extra downside towards 0.585 will be made.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Dec 29
There is an ascending channel turning up and the price is going to break out soon.
An ascending channel identifies a formation that is angled up that can be used to predict a breakdown is likely to occur if price breaks out.
It is not ruled out that a further bearish run towards 0.77 will happen.
EOS: Descending Channel
EOS/USD,
1 day
LONG
Apr 1
As we can see the price gives a descending channel.
A descending channel identifies a further move up if price breaks above resistance.
There is a probability of a move to the 0.65 level on a upside break as there is a chance for a upside correction.
EOS: Descending Triangle
EOS/USD,
1 hour
SHORT
Jan 7
A descending triangle turns up and EOS/USD requires a strong move for the certainty of breakout.
A descending triangle typically predicts a further move down if price breaks below support.
EOS/USD to turn bearish towards 0.9 once below 0.904.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
May 20
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: 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: 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.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
EOS · EOS/USD