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: 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: 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: 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.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Jul 21
There is an ascending channel coming out and the price is ready to break out.
An ascending channel represents a technical bearish pattern that spots the bulls have run out of steam once price breaks down.
EOS/USD to suffer a steeper decline to 0.605.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jun 29
A descending channel is close to being done and the price requests a bit more consolidation for the certainty of breakout.
Once price breaks above resistance, the move could indicate that the price will rally further.
EOS/USD to prolong the growth phase towards 0.7 as downside pressure mitigates.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Jun 28
A rising wedge is close to completion and EOS/USD asks for more bigger pullback as a sign of a breakout.
A rising wedge is a price action indicator that can be used to predict the bulls have run out of steam when price breaks out to the the downside.
A bearish push down towards 0.585 looks likely on a break below 0.59.
EOS: Rising Wedge
EOS/USD,
1 day
SHORT
Jun 3
EOS/USD establishes a rising wedge, the price is close to breaking out.
In case if price breaks out to the the downside, the resulting move could indicate a breakdown is likely to occur.
Decline to the 0.8 zone is likely as sell-off may continue.
EOS: Ascending Channel
EOS/USD,
4 hours
SHORT
Jan 3
We can see that EOS/USD completes an ascending channel and EOS/USD wants a strong move as an indication of a breakdown.
An ascending channel is said to depict a compelling price pattern that has an upward slope that is used to spot a next move down if price breaks down.
EOS/USD targets a move to 0.84 while lower than 0.85.
EOS: Rectangle
EOS/USD,
1 day
SHORT
Oct 26
It seems like a rectangle turns up.
A rectangle identifies a reliable bearish price indicator that can be used to spot a move down once price collapses through the support line.
EOS/USD to turn bearish to 0.44 as the cryptocurrency nears 0.45 hurdle.
EOS: Descending Triangle
EOS/USD,
4 hours
LONG
Apr 11
As we can see a descending triangle has been noticed and the price is ready to break out now.
Once price breaks above resistance, the resulting move could spot that the price to go up.
There is a chance of a bullish run towards 1.24.
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EOS · EOS/USD