P_S_trade

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

BINANCE:EOSUSDT   EOS / TetherUS
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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