$EOS SELL THE NEWS EVENT PLAYED OUT PERFECTLY.
In our last post we raised concerns about the amount of FOMO that was in EOS and a sell the news event would be a major risk, how true. Eos had a 30% decline in 5 days as panic selling and resistance zones toppled, triggering stop losses, since that downfall EOS has started to steady but will have a hard time crossing back above $6.88 level, which has flipped into very strong resistance. It is the turn and ETH and BCH to lead the way now, so don't expect any major recovery until volume has a notable rise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.