EOSUSD: Long term sell Target hit. Potential support ahead.

TP = 3.8925 hit after the aggressive sell off of the past two weeks broke the previous Triangle formation. The new pattern that has emerged is a Channel Down on 1D (MACD = -0.551, Highs/Lows = -0.5005, B/BP = -1.2452) which despite being oversold (RSI = 22.764) can make a Lower Low extension near 2.5000. We had our final long term sell target at 1.6920 but decided not to pursue it as we think EOS is near the long term bottom of its bear cycle. We will observe the price action until the end of January and will act accordingly. Updates will follow only then or if reliable short term patterns arise.






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