Well, EOS must pullback stronger. Especially in bear market we currently are. EOS still wasn't punished like all other coins and we should expect that the worse times are coming. The price stays right now in safe triangle zone but it already broke major EMA lines a few times. Very long bull run looks finished and launching mainnet hasn't moved the price up.
My prediction. We break the triangle and test major trendline if the momentum is big then the line will fall and encourage more people to sell their coins. EOS already has a lot of people who bought it high and the trendline is stoploss.
Launching bitmex contracts on EOSXBT won't help. People can now short EOS with high leverages, take profit of it. The price is still high and pushing it to lower levels seem to be easy. I don't know EOS is another pump dump coin but
Watch ADA price when Bitmex contract launched. The Big Short.
Watch XRP price when Bitmex contract launched.
Monero survived Bitmex contracts but monero is one of very rare coins which are really in use and its fundamentals are not just speculation purposes.
Conclusions? Watch price actions if triangle fails short it to green line if green line fails short it to hell.
My prediction. We break the triangle and test major trendline if the momentum is big then the line will fall and encourage more people to sell their coins. EOS already has a lot of people who bought it high and the trendline is stoploss.
Launching bitmex contracts on EOSXBT won't help. People can now short EOS with high leverages, take profit of it. The price is still high and pushing it to lower levels seem to be easy. I don't know EOS is another pump dump coin but
Watch ADA price when Bitmex contract launched. The Big Short.
Watch XRP price when Bitmex contract launched.
Monero survived Bitmex contracts but monero is one of very rare coins which are really in use and its fundamentals are not just speculation purposes.
Conclusions? Watch price actions if triangle fails short it to green line if green line fails short it to hell.
Trade active:
Short opened around 0.00151