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.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Nov 21
It looks like a rectangle appears.
A rectangle provides a technical pattern that can be used to predict an extension in the upward direction if price breaks out.
There is a probability of a bullish move to 0.67.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Jan 12
There is an ascending triangle uncovered and EOS/USD wants a bigger correction for the certainty of breakout.
An ascending triangle is an indicator that typically predicts prices are likely to keep falling downward once price breaks down.
A rangebound towards 0.78 is about to happen as indicators turn bearish.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Nov 26
A rectangle is close to completion.
A rectangle typically predicts extending an downtrend in case if price breaks out to the the downside.
EOS/USD to increase bearish potential towards the 0.685 mark on a breach of 0.688 as upside pressure mitigates.
EOS: Pennant
EOS/USD,
4 hours
SHORT
Jan 1
There is a pennant emerging, the price is close to breaking out now.
A pennant spots a bearish move if price breaks out.
There is a chance of corrective downside towards 0.84 on a breakout of the pennant.
EOS: Descending Triangle
EOS/USD,
1 hour
LONG
May 20
We can see that a descending triangle is close to being done.
A descending triangle is a bullish price pattern that is used to signal the more likely potential of rising prices once price breaks out to the the upside.
It is possible that a rangebound to 0.805 will occur on a break above 0.8 amid EOS/USD reclaims part of the ground lost.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
18 hours ago
We can see that an ascending channel is close to being completed and the price expects a next steady move for the certainty of breakout.
An ascending channel often indicates a move down once price breaks out.
It is likely that extra downside to 0.68 will occur as indicators favor bears.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Apr 16
We can see that a descending channel is almost done and the price calls for a more steady move as proof of a breakout.
A descending channel describes a bullish pattern that is angled down that is used to indicate a temporary interruption of an existing trend once price breaks above resistance.
EOS/USD does not rule out a move towards 0.61 as downside pressure alleviates.
EOS: Ascending Triangle
EOS/USD,
1 hour
LONG
Jun 30
It seems like an ascending triangle emerges and the price asks for a next bigger bullish action as a sign of a breakout.
An ascending triangle provides a reliable price action formation that can be used to signal a move up once price breaks through the resistance.
It is possible that a bullish price action to 0.7 will be made.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Feb 20
There is an ascending channel poping up and the price is going to break out now.
In case if price breakdown occurs, the resulting move could signal an upward trend is nearing its end.
EOS/USD pulls back to the 0.775 level.
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