Unfortunately that's not exactly how charts work
Putting lines up doesn't help an argument if there isn't information to support it
The first part of that downtrend up until 1 feb was the rerating (from Dec 21)
It dropped to 4.95
The market rallied for a few days & EOS rallied to almost $5.50 (bottom was identified)
Ever since, the market has sold down & is back at its lows
The last few days have been even worse so it's dropped a few more cents since (4.95, 4.90, 4.87)
If markets keep going backwards it'll lose a few more cents as shareholders panic sell
But to suggest it goes from 4.90 to 4.50 without reason apart from some lines on a chart is strange
Assuming that the chart is going to keep going down forever is baseless
We just need a market turnaround
Unfortunately haven't seen a decent rally since the start of feb
Almost 3 weeks of flat or red markets
If markets rally & EOS doesn't climb, the short sellers have done their job in suppressing the price & on the next market downturn prices will most likely fall
They profit from the fall in price
That's how the game works
EOS Charts, page-1630
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Last
$1.55 |
Change
0.075(5.10%) |
Mkt cap ! $298.1M |
Open | High | Low | Value | Volume |
$1.49 | $1.63 | $1.47 | $4.045M | 2.584M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5076 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.55 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5076 | 1.545 |
1 | 2558 | 1.535 |
5 | 15407 | 1.530 |
1 | 6641 | 1.525 |
5 | 36944 | 1.520 |
Price($) | Vol. | No. |
---|---|---|
1.550 | 5000 | 1 |
1.555 | 2959 | 1 |
1.570 | 7748 | 1 |
1.575 | 12466 | 2 |
1.580 | 38201 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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