There is a rectangle identified.
A rectangle is considered to be a useful chart pattern that can be used to spot a move up when price breaks above resistance.
It is not ruled out that a bullish price action towards 0.8 will happen.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Jul 26
There is a descending channel materializing.
A descending channel is said to depict a useful bullish price action indicator that typically signals a next move up when price breaks out.
A bullish run towards 0.745 is on the way on a breach of 0.742 as EOS/USD challenges 0.742 hurdle.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Aug 11
There is a rectangle identified, the price is ready to break out.
A rectangle predicts prices are likely to keep falling downward once price breaks below support.
EOS/USD to maintain its negative tone to the 0.714 level on a breach of 0.7145.
EOS: Bullish Rectangle
EOS/USD,
1 hour
LONG
Mar 25
There is a bullish rectangle determined.
A bullish rectangle tends to be a reliable bullish price action pattern that is used to identify a bullish price move when price breaks through the resistance.
EOS/USD to prolong the growth phase towards the 1.06 level on a break above 1.056 as EOS/USD sticks to the positive mood.
EOS: Ascending Triangle
EOS/USD,
4 hours
SHORT
Apr 12
An ascending triangle is close to being completed, the price is going to break out now.
An ascending triangle is said to depict a technical price action indicator that results in a bearish price action if price breakdown occurs.
EOS/USD to accomodate towards 1.04 on a breach of 1.05.
EOS: Descending Channel
EOS/USD,
1 hour
LONG
Oct 12
There is a descending channel found and the price is ready to break out now.
In case if price breaks out, the move could indicate a move up.
EOS/USD to continue higher towards 0.54 while above 0.537 as downside pressure mitigates.
EOS: Rectangle
EOS/USD,
1 hour
LONG
Jan 27
There is a rectangle turning up, the price is about to break out.
Once price breaks through the resistance, the move could spot that the price to go long.
It is likely that a bullish run towards 0.708 will happen as bulls seeking a new high.
EOS: Rectangle
EOS/USD,
1 hour
SHORT
Mar 9
As we can see a rectangle materializes, the price asks for a next move as a clue of a breakout.
If price breakdown occurs, the resulting move could predict an extension in the downward direction.
EOS/USD to extend the correction lower to 1.1 amid EOS/USD recedes from tops.
EOS: Rectangle
EOS/USD,
4 hours
SHORT
Sep 10
It looks like a rectangle is almost completed, the price is about to break out now.
A rectangle depicts a reliable bearish signal that often indicates that the price to go down if price breakdown occurs.
There is a probability of a move to 0.57.
EOS: Ascending Channel
EOS/USD,
1 hour
SHORT
Nov 26
We can see that an ascending channel is nearing completion.
If price breaks through the support, the resulting move could predict a temporary interruption of an existing trend.
It is likely that a bearish price action to the 0.69 mark will happen.
EOS: Falling Wedge
EOS/USD,
1 hour
LONG
Aug 4
A falling wedge is diagnosed, the price breaks out now.
A falling wedge represents a price indicator that identifies a break in the price direction if price breaks above resistance.
EOS/USD to look for a further push to 0.73 on a breakout of the falling wedge as the mood may improve.
EOS: Rising Wedge
EOS/USD,
1 hour
SHORT
Sep 20
A rising wedge is close to completion.
A rising wedge provides a technical price pattern that signals a move down when price breaks out.
EOS/USD is bearish and en route to the 0.575 level on a breakout of the rising wedge.
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EOS · EOS/USD