EOS has been trading in a pitchfork channel for a long time. Over the past couple weeks, it's been consolidating and slowly going upward as mentioned in previous posts. EOS now looks to breakout of the pitchfork to new levels. Several ETH Dapp developers have announced shift to EOS. London hackathon this weekend is expected to have major announcements, possibly including Apple wallet support (speculation).
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Looks like EOS bounced off the pitchfork down to 4.96. Could be like winding a rubberband to pop out of the pattern. wish I had some liquid as I'd buy more at these levels.
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Whoohoo, go baby!! Looks like it will probably pause at this level so short term traders might take some profits. For me, I would want to hold going into EOS announcements planned through the weekend.
As long as 5.98 resists, the Channel Down will be pushing for a lower (3.89) price:
realstep
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@InvestingScope, Nice chart! The overall crypto market is weak so its quite possible your chart is right. Thanks for the alternate view, just have to wait and see.
InvestingScope
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@realstep, Thank you for your inputs also. Different opinions shape a better understanding.
harrykrueger
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Breakout denied. H&S forming. Seems we are going down.
DAVEREXX
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nope... i would like to see $2 eos
realstep
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@coinlife, why do you want to see 2 eos?
I'd like to see $2 Facebook but what I want is not relevant to what's happening.