It looks like a descending channel has been determined and the price breaks out soon.
A descending channel provides a specific pattern with a downward bias that typically identifies a bullish move if price breaks out to the the upside.
There is a chance of a rangebound towards 0.635.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Jan 22
As we can see a rectangle is close to being complete, the price requires a further move as an information of a breakout.
A rectangle tends to be a specific bearish chart signal that can be used to spot a move down when price breaks out to the the downside.
It is not ruled out that a bearish price action towards 0.81 will form.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Apr 3
EOS/USD shows an ascending channel and the price is ready to break out.
An ascending channel is a compelling chart indicator that can be used to indicate a bearish move once price breaks through the support.
EOS/USD is bearish and en route to the 1.19 mark once below 1.2.
EOS: Descending Triangle
EOS/USD,
1 hour
SHORT
Mar 10
As we can see a descending triangle is almost done, EOS/USD asks for a further steady move as a signal of a breakdown.
Once price breaks through the support, the move could predict a bearish price move.
There is a chance of a bearish continuation towards the 1.18 level.
EOS: Ascending Triangle
EOS/USD,
1 day
LONG
Feb 19
We can see that the price completes an ascending triangle.
If price breaks through the resistance, the move could spot the more likely potential of rising prices.
A bullish price action to the 0.8 mark is going to happen.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Sep 22
It seems like a rectangle has been uncovered, the price is going to break out now.
Once price breaks through the support, the move could predict an extension in the downward direction.
It is likely that a move to 0.516 will form on a breach of 0.5175 as door open for a test of 0.516.
EOS: Descending Channel
EOS/USD,
1 hour
SHORT
Oct 11
As we can see a descending channel is almost completed, the price is going to break out.
A descending channel results in a further move down in case if price breaks below support.
A bearish push down to 0.534 is a possibility as minor hurdle remains at 0.535.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Mar 18
There is a rising wedge discovered and the price demands a bigger correction for the certainty of breakdown.
A rising wedge depicts a useful signal that can be used to signal a break in the price direction if price breaks through the support.
EOS/USD risks further downside to the 1 level on a break below 1.01.
EOS: Ascending Triangle
EOS/USD,
1 hour
SHORT
Jul 2
There is an ascending triangle poping up.
An ascending triangle can be thought of as a technical bearish chart signal that identifies a next move down if price breaks out.
EOS/USD risks further decline towards the 0.578 zone.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Mar 16
There is an ascending channel turning up.
If price breaks out to the the downside, the resulting move could spot that prices move counter to the prevailing price trend.
EOS/USD to drop towards the 0.5 mark.
EOS: Pennant
EOS/USD,
4 hours
LONG
Nov 29
There is a pennant revealed.
A pennant represents a useful formation that often results in a bullish move if price breaks through the resistance.
EOS/USD advances higher towards 0.85 as there is room for a upside correction.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Mar 9
There is an ascending channel diagnosed.
An ascending channel identifies a compelling chart formation that spots a temporary interruption during a rising market in case if price breaks out.
EOS/USD pulls away from recent highs towards the 1.12 level.
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EOS · EOS/USD