It looks like EOS is coming close to breaking out of a massive descending triangle.
There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%.
The second massive descending triangle would be putting it up by around 1400%!
Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the first smaller triangle within 1 - 3 more bars ( weeks ).
A breakout of the smaller descending triangle will automatically lead to a push above the resistance line of the second massive descending triangle which was previously touched 4 times already.
The RSI shows EOS currently in an oversold area, so it looks like a good entry point as well.
There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%.
The second massive descending triangle would be putting it up by around 1400%!
Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the first smaller triangle within 1 - 3 more bars ( weeks ).
A breakout of the smaller descending triangle will automatically lead to a push above the resistance line of the second massive descending triangle which was previously touched 4 times already.
The RSI shows EOS currently in an oversold area, so it looks like a good entry point as well.