Since creating a short-term high in the first week of January, EOS has been retracing with a series of lower highs and lower lows. In August, this series was interrupted as the short term low was made. Since then, the price action has been trapped within a triangle, thus, creating a potential bearish pennant. This formation is a continuation pattern that marks a pause in the movement of a price halfway through a strong downtrend, offering traders an opportunity to go short. They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. Once the triangle is broken to the downside, a short trade is initiated. Furthermore, the key bull/bear line lies just below the triangle around 0.000700, which will likely pause any bigger push to the downside.