EOS

EOS commenced trading in January in a bullish trend. Before January 2020, the altcoin had been in a bear market for seven months. The coin has an opening balance of $2.59 but it rallied to $4.39 in the same month.

Following its rallies to $3.80 high, buyers could not continue with the uptrend. At the recent high, the candlesticks possess long wicks.

Following the last bearish impulse on September 23 at the low of $2.39, EOS has been in a sideways move. Today, EOS is trading at $2.54 at the time of writing.

EOS has been in a downward move. For the past week, buyers attempted to push the coin into the bullish trend zone.

Today, EOS is trading at $2.53 at the time of writing. About a week ago, the coin was trading at $2.66 high. This explains the fact that the crypto is depreciating each day as the selling pressure persists.

The EOS downtrend has been consistent since August 16. The downtrend resumes as price makes a retest at the $2.56 high.

EOS price has been making a series of lower highs and lower lows since August 16. The price has fallen from a high of $3.95 to a low of $2.69 at the time of writing.

EOS is trading at $2.88 at the time of writing. There are indications that the crypto will further decline. Recently, buyers and sellers were having price tussle above the $2.60 support.

EOS could not continue with its impressive bullish run because it reached the overbought region of the market.