The critical point for EOS is the range of $4.5-.4.6

18 feb 2021

After setting a new local high, The sellers began to correction the price of EOS. The active wave of growth lasted from January 28. Immediately after a firm fixation above the price zone $2.4-2.5.

Our previous idea for EOS worked out perfectly:

Already on February 16, the sellers lost their strength and could not properly close the day candle. As a result, the EOS market has formed a triangle, the upper limit of which is about $5. To continue the growth trend, buyers need to establish themselves above the mark.

A good chance to implement this scenario for the occupants will be in the range of $4.5-4.6. By keeping this local range, buyers will start a new growth surge with the first target of $5.5.

However, the loss of this range will lead to bad consequences for buyers, namely a drop in price to $3.9
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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