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.
Note
Bitcoin bounced at support around 7500, probably going to 7800. EOS support did hold, a good entry point would be around $7.60-70.
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EOS/USD broke down the trend line and is aiming south!
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