EOS CRITICAL LEVEL WHATS NEXT??

EOS has been trying to break the down trend since the recent low on November 25th and is currently trading just below significant resistance. There has been a few unsuccessful attempts in the past week to break this level, however, sellers have failed to make new lows; longs have been able to maintain the upward movement (dashed yellow trend line). More importantly, this is all happening within a significant downward channel, with the upper trend line of the channel converging with significant horizontal support at $2.7.

It goes without saying that this market is risky right now but this is a great opportunity for EOS to grow. If we see strong upward movement with significant bullish volume above $2.7, I think we could see a major reversal to the upside.