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: Descending Channel
EOS/USD,
1 day
LONG
Mar 19
There is a descending channel found, the price is about to break out soon.
A descending channel is said to depict a specific price action indicator that spots a temporary interruption during a falling market once price breaks above resistance.
EOS/USD to enjoy a considerable gain towards 0.6.
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: 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.
EOS: Bearish Flag
EOS/USD,
1 day
SHORT
May 16
As we can see a bearish flag forms, the price breaks out.
A bearish flag identifies a useful bearish formation that is angled up that typically results in price heading to a new direction if price breaks down.
There is a probability of a rangebound towards 0.7 as EOS/USD becomes vulnerable.
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EOS · EOS/USD