EOS Technical Analysis: Hibernation Of Buyers Continues

The passivity of EOS buyers at historical lows has been going on for a month now. In our last article, we wrote about the weakness of buyers in the range of $2. Several weeks have passed and we see that the nature of the EOS fall and the level of investor interest has not changed. The price continues to fall slowly at low volumes. Like many other cryptocurrencies, the volatility of the EOS cryptocurrency has significantly dropped. The price movement continues in a falling wedge. In our opinion, the maximum period of such passivity of buyers is possible till the end of March. If during the first month of spring we do not see aggressive actions by buyers and attempts to test the mark of $2.9, in April there will be a tragedy. The essence of this tragedy is a new growth wave with the first target of $1.65. But, this is not the worst case scenario. EOS investors really need to start panicking after unsuccessful attempts by buyers to regain control of the $2 mark. In this case, you should think carefully about whether you need to keep such a cryptocurrency in your investment portfolio. However, the above scenario is an alternative for us. Given the long wave of fall without any local upward correction, we still expect consolidation in the range of $2-$2.9. In this case, the reversal of the downward trend may continue until the summer of 2022. Technical Analysis Of EOS On The Daily Timeframe https://www.tradingview.com/x/YRh9OMU7/ T...