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: Rising Wedge
EOS/USD,
1 hour
SHORT
May 14
A rising wedge develops, the price demands further active pullback as evidence of a breakdown.
A rising wedge often signals a bullish-to-bearish trend reversal once price breaks out to the the downside.
A move to the 0.87 mark is possible on a breakdown of the rising wedge.
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: 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 day
SHORT
May 20
The price creates an ascending channel, the price asks for more steady fall for the certainty of breakout.
An ascending channel identifies a technical indicator that is used to predict a pause in an uptrending market once price breaks down.
EOS/USD risks further downside to the 0.7 zone as the cryptocurrency loses bullish momentum.
EOS: Pennant
EOS/USD,
1 hour
LONG
May 1
A pennant develops.
A pennant tends to be a useful bullish price signal that typically indicates a move up in case if price breaks above resistance.
EOS/USD to move up towards the 0.69 zone.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Jun 23
We can see that EOS/USD sets up a rectangle and the price is close to breaking out.
In case if price breaks out, the move could identify an extension in the upward direction.
There is a possibility of a bullish price action towards 0.5 on a breakout of the rectangle as the cryptocurrency loses bearish momentum.
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EOS · EOS/USD