- EOS short-term outlook has a bullish bias in spite of the downside correction.
- EOS must correct above the level at $5.8 in order to escape the bear range.
After EOS hit a snag at $5.99, the trend has changed from bullish to slightly bearish. The attempts made to push EOS/USD above $5.80 have been thwarted. The bears succeeded in capping the gains below the level while the bulls are keen to defend the support at $5.20.