EOS - 4h. The next target - $3.92

5 feb 2021

If you are an EOS investor you remember well the market situation on January 10th. After a successful attack by buyers and great prospects for continued growth, the price of EOS turned sharply and in large volumes fell to $2.38. In two days, the EOS market fell by 40%.

The main problem is in the mark of $3.92. In the previous idea, we wrote about global consolidation, from which the price of EOS can not come from April 2020. Buyers have already made 3 attempts to break through this mark and so far to no avail.

After a sharp drop in EOS on January 10, buyers managed to slow down the price and start accumulating strength for a new trend. Fixed above the mark of $2.91 , buyers gave a new signal to continue rising prices. At the moment, buyers have broken the local level of $3.07 and are preparing for a strong upward momentum with an ultimate goal of $3.91.

While the mark of $2.91 under the power of buyers, we expect continued growth.
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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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