EOS
Long

EOSUSD

The falling wedge chart pattern.
The most important part of the chart pattern is the respect of the resistance and support levels. Traders should always expect 3peaks and 2vallys for the chart pattern to be completed before a major breakout, but the break even failure rate is high and the average rise is low.
Price follows two down-sloping and converging trendlines.
Price should touch each trendline at least five times to outline a good pattern. That's 3 touches of one trendline and 2 of the opposite.
The breakout Can be in any direction but is upward 68% of the time.
VERDICT:
BUY:$3.54
SELL:$3.68 up to $4.5
STOP LOSS:$2.9
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.

Chart Patterns

Disclaimer