This current uptrend looks very similar to 11-1 to 11-4, EOS exausted its pump for now and is short squeezing before a pull back to $1.35-$1.50. MACD for 4h is too risky.
I'de like to note that the coin does absolutely nothing in the crypto world. It's useless.
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closed position at $1.82 but it looks like they are going for a major bull trap around $2. I would just stay out of the trade completely. It's too risky and the trend is becoming random.
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Possible Buy Opportunity
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further analysis, will the dip finally happen?
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diagonal uptrend is now broken, now testing $1.80 important support line.
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check my most updated chart "where is EOS going" to rreference:
support line 1.80 didn't hold, can it catch the previous purple trend line? buy zone may happen!
hey mate, i didnt see a pull back is it still due or changed?
larryknows
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I think its just a massive bull trap. The coin is STILL in ICO phase distributing tokens; anything can happen but the more tokens in circulation = less value per token. The coin does nothing; its hard to go long on this especially when its coming up to $2.
sols
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@larryknows, yeah man i know, its pretty crazy to see it jump so high and not retrace at all
groovyretirement
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its allready retraced! Take a look for yourself. don"t just rely on someone elses word. Always triple check everything. look at its historical data. and charts.