An analysis of the EOS market for short term and for the long term holders.
EOS is clearly in an uptrend against the dollar, defined by the creation of higher lows on the chart. We can also see that the prices are coiling tighter together, this usually happens when the market is close to deciding a new trend or direction.
This is usually due to the buyers and sellers being at odds, buying up supply quicker and quicker, which usually leads to higher prices, unless some commercial players decide to sell earlier positions and take profits.
Unless some major bearish fundamental news hits the EOS markets, we don’t foresee prices dropping far below 12 dollars. Long term speaking, we feel that EOS is a buy in this zone and even up to 20 dollars.