The chart is very self explanatory. EOS is walking on thin ice, and as BTC /USD is going for a downward correction, the support for EOS will likely not hold and hence break down further more, heading possibly for the support zone at $6.
Bitcoin bounced at support around 7500, probably going to 7800. EOS support did hold, a good entry point would be around $7.60-70.
EOS/USD broke down the trend line and is aiming south!