EOS Price Watch: How Low Can This Go?

EOS Price Key HighlightsEOS is ready to resume its downtrend after bouncing off the top of the descending channel on the 4-hour chart.
Price is also breaking below the mid-channel area of interest to signal a potential move until the bottom.
The Fibonacci extension tool shows the next downside targets, but technical indicators suggest a return in bullish pressure.EOS looks prime for further declines to the channel bottom, but technical indicators are saying otherwise.
Technical Indicators Signal