EOS Breakout Alert: Massive Surge Incoming?
EOS is currently shaping a falling wedge pattern, a well-known bullish reversal structure that often precedes high-volatility breakouts. The price action is tightening within this formation, pressing against strong descending resistance, while key support levels remain intact.
Bullish Breakout Levels to Watch
To confirm a bullish breakout, EOS must pierce through the descending resistance and the critical blue resistance zone at $0.6711 - $0.7097. A successful breakout could ignite a strong rally toward $0.8115, followed by a potential surge into the major green resistance zone at $1.3363 - $1.4329. However, without a decisive move above resistance, EOS remains vulnerable to further consolidation or a potential fakeout.
Key Support Levels for EOS Bulls
The primary support zone sits at $0.5458, a level where buyers have historically defended against bearish pressure. If this support fails, the next critical defense lies in the yellow support zone at $0.4101 - $0.4002, marking the final stronghold for the bulls. As long as EOS holds above support, buyers retain a strategic advantage to fuel an upward push.
Will EOS break out and surge higher, or will resistance hold strong? Traders should monitor these key levels closely for the next big move!
Bullish Breakout Levels to Watch
To confirm a bullish breakout, EOS must pierce through the descending resistance and the critical blue resistance zone at $0.6711 - $0.7097. A successful breakout could ignite a strong rally toward $0.8115, followed by a potential surge into the major green resistance zone at $1.3363 - $1.4329. However, without a decisive move above resistance, EOS remains vulnerable to further consolidation or a potential fakeout.
Key Support Levels for EOS Bulls
The primary support zone sits at $0.5458, a level where buyers have historically defended against bearish pressure. If this support fails, the next critical defense lies in the yellow support zone at $0.4101 - $0.4002, marking the final stronghold for the bulls. As long as EOS holds above support, buyers retain a strategic advantage to fuel an upward push.
Will EOS break out and surge higher, or will resistance hold strong? Traders should monitor these key levels closely for the next big move!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.