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
Feb 24
We can see that an ascending channel is very close to being finished, the price breaks out.
Once price breaks below support, the move could spot extending an downtrend.
It is not ruled out that a further bearish run to 0.635 will happen.
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: Descending Triangle
EOS/USD,
4 hours
LONG
Nov 22
There is a descending triangle determined, the price asks for a bit more consolidation as a verification of a breakout.
A descending triangle suggests a signal that results in a bullish move when price breaks out.
EOS/USD to grind higher to the 0.68 level on a breach of 0.675 as bulls looking for upside correction.
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.
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