With such a strong breakout it is hard to set any sort of target for EOS so i thought a look at the past may assist me in ascertaining what sort of market action may take place in the ensuing weeks. there was a similar trend pattern in 2019 on much lower volume, volume that in part may be contributed to by algorithmic trading, notwithstanding this the price action is very clear. There appears to be some similarity to the previous 2019 trend. Note that history rarely repeats the same way! This time sadly the world interest in drones as an aggressive tool is now very clear and they are here to stay. This was one of the reasons we allocated a modest portion of our fund to EOS. Yes, this is a speculative trade, it must be watched very carefully.
EOS Price at posting:
$4.93 Sentiment: Buy Disclosure: Held
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