EOS - $7.39

6 feb 2021

EOS is currently trading above the support zone of $3.05. EOS has been lagging in price action and is in a consolidation zone so a breakout is expected. As long as it is above the support zone at $3.05, we could start seeing a move towards $3.66 which is a key resistance area to break. If this resistance gets broken and if EOS can close few daily candles above this zone, we could start seeing an impulse move towards $4.02, $4.38, $4.88, $5.53 and $7.39. Failure to hold the support at $3.05 could lead to a move towards $2.88 and $2.50