PrimeXBT
Long

EOSBTC- Price reversal?

BINANCE:EOSBTC   EOS / Bitcoin
More sign of breaking through the down-sloping resistance are in place.
On the 4hours time frame, the price chart of EOSBTC has been spotted forming a descending channel with the respect of the lower-highs and lower-lows. The shape looks like a pipe tilted up or down, but not horizontal, the two trendlines should be parallel or nearly so. Both should tilt upward or both should tilt downward.
Breakout Occurs when price closes outside the trendline boundary and can be in any direction.
If price closes outside the channel in the adverse direction, then close out the trade and consider trading in the direction of the new trend.
Here it is more likely the price break through the resistance. Always wait for the breakout from the resistance.
Breakout level: 0.0003979sats
Resistance 1: 0.0004014sats
Resistance 2: 0.0004064sats
Resistance 3: 0.0004134sats
Resistance 4: 0.0004205sats
Resistance 5:0.0004307sats
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Ideas published should not be referred to as an investment advice.
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