In my opinion, EOS is currently in the 4th correction wave and $6-$7 could be the bottom.
As you can see below, the 3rd impulsive wave ended around $18 and the correction wave started. Last week's correction was the first leg in my opinion and, as with the other major coins, EOS seems to be looking for its way but the bullish sentiment is still weak. That also supports the $6-$7 target.
When we finish the correction, the 5th wave can extend to $30-$50 range, based on Fibonacci figures.
For the short run, EOS is in an ABCDE formation and we may see price levels around $14.5 but this does not change the overall outlook.
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IMPORTANT: The information above is not financial advise. Please do your own research and invest wisely.