The price develops a descending channel and the price is about to break out.
In case if price breaks above resistance, the resulting move could indicate that the price will rally further.
A further bullish move to 0.57 is possible once above 0.567 as indicators favor bulls.
EOS: Pennant
EOS/USD,
4 hours
LONG
Aug 21
There is a pennant detected, EOS/USD requires a next active impulse up as a sign of a breakout.
Once price breaks through the resistance, the move could indicate a bullish move.
There is a chance of a bullish move towards the 0.51 zone.
EOS: Ascending Channel
EOS/USD,
4 hours
SHORT
Sep 30
It looks like an ascending channel is almost done.
An ascending channel suggests a chart signal that can be used to predict a bearish move if price breaks below support.
A bearish move to 0.52 is possible on a breach of 0.53.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jan 7
It seems like an ascending channel is close to being done, the price breaks out now.
An ascending channel results in reversals in uptrends if price breakdown occurs.
EOS/USD risks potential downside to 0.725 while below 0.728.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
May 28
There is an ascending channel encountered.
An ascending channel is believed to be a specific signal that spots a move down if price collapses through the support line.
A bearish move to 0.83 is likely to happen on a breakdown of the ascending channel as the cryptocurrency becomes bearish.
EOS: Descending Triangle
EOS/USD,
1 hour
SHORT
May 19
A descending triangle is close to being complete and the price is going to break out now.
If price breaks out, the move could spot a bearish price action.
It is likely that a bearish run to 0.805 will take place while lower than 0.81 as the cryptocurrency probes 0.81 hurdle.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Sep 30
A rising wedge appears, EOS/USD requests a next active bearish move as a sign of a breakout.
A rising wedge suggests a technical bearish price signal that often predicts a bearish price action when price breaks below support.
EOS/USD risks potential downside towards the 0.53 zone on a breakout of the rising wedge.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Apr 25
It looks like a descending channel is close to being finished and the price requires a further active move as a clue of a breakout.
A descending channel typically signals a countertrend succeeding the current trend when price breaks out to the the upside.
A bullish price action towards 1.05 is about to happen as extra rangebound not ruled out.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Feb 4
There is an ascending channel happening and the price is close to breaking out.
An ascending channel is said to depict a useful indicator that is used to identify a pause in an uptrending market in case if price breakdown occurs.
A rangebound to 0.71 is about to happen as upside pressure mitigates.
EOS: Pennant
EOS/USD,
4 hours
SHORT
Jul 30
There is a pennant spotted and the price requests a more correction for clear breakout confirmation.
A pennant often predicts a bearish move if price breaks below support.
EOS/USD could attempt a move towards the 0.56 level.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jun 24
It seems like a descending channel is close to being finished, EOS/USD lacks more rise to confirm descending channel breakout.
A descending channel provides a reliable signal that can be used to spot a break during a downtrending market in case if price breaks out to the the upside.
It is not ruled out that a bullish push up to the 0.57 zone will occur.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
May 23
It looks like an ascending triangle has been recognized and the price asks for a more strong move as an information of a breakout.
An ascending triangle denotes a formation that can be used to identify the bulls have run out of steam once price breaks below support.
There is a chance of a bearish run towards the 0.85 level.
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EOS · EOS/USD