EOS is currently in a strong uptrend, whether or not the resistance is broken, depends, amongst other factos, on bitcoin breaking 42k. I've made different tp:s based on volume, momentum and trend. You may use this as a guidance to your investing strategy. As you already know, there's a descending wedge on the weekly time frame, which favours EOS/USDT.
ASCRNDING TREIANGLE ( Top flat, bottom rising) = Trend continuation pattern.
Wait for a Breakout .
HOW TO IDENTIFY AN ASCENDING TRIANGLE PATTERN .
The ascending triangle is fairly easy to spot .
Uptrend: The market must be in an uptrend before the ascending triangle appears.
Consolidation: The ascending triangle starts to take on its form as the market enters...
EOS has been on a prolonged downtrend and is now again near the lows.
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $3.2, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle,...