EOSBTC - Pennant Chart Pattern

The market forms a pennant chart pattern which belongs to a continuation group of patterns. The price tries to break the upper line of the pattern. If this attempt is successful, the market will give a buying opportunity. Stop orders should be placed below the local support and the swing low. Profit targets will be at the resistance levels.

RSI confirms the price reversal from the key support and MACD histogram supports a possible upward movement.