EOS, Algorand, YFI Price Analysis: 23 January

EOS formed a scallop pattern on the charts and a drop below $2.55 could see it go as far south as $2.3 over the next week. Algorand flipped a level of resistance to support and showed signs of bullishness as it approached the $0.55-region. Finally, YFI rose above $30,000 but can see a minor dip to retest the $28,900-level of support.
Source: EOS/USDT on TradingView
It was noted previously that the price was in the process of forming an inverted and descending scallop pattern. This pattern would be validated if EOS drops below $2.55, and could lose the level of support at $2.44.
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