EOS-4h. Aggressive sales and critical range $2.55-2.75.

11 Jan 2021

The situation on the EOS market has changed dramatically.
The positive dynamics of the EOS did not help the price to consolidate outside the global trend line. Buyers lost $3. This mark was the critical point for reaching the $5 mark.
Thus, the price of EOS returned to the limits of global consolidation and the black channel of growth.

Now sellers are trying to break the range of $2.55-2.75. After such a sharp drop in increased volumes, we do not expect a sharp rebound in prices. The best scenario for buyers is to continue consolidating in this range for the $3 test. From the nature of the EOS price increase, it will be clear whether to expect the rally to resume with a target of $5.

Weakness of buyers in the range of $2.55-2.75 will again bring the price of EOS to the lower limit of consolidation of $2.31. The global target is at 1.85.
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