EOSUSD; A whisker away from a breakout...

EOS is closing in on a breakout vs USD as it looks to complete a symmetrical triangle. Price is currently above the upper boundary of the triangle but it's important to wait for this candle to close to give us confirmation.

Triangle patterns can often mark significant lows and this one looks all the more interesting given it coincides with a zone of support as shown on the chart.

IFFF the breakout confirms, the target is the height of the triangle from the point of the breakout, ~8.3. Should this level be achieved, we can consider higher targets based on a retrace of the move from the April high to the August low.

Any move below the support zone and the bottom of the triangle would be a major bearish event.