Many are speculating that the SEC decision might have triggered this sell frenzy but what we should also realize is that most coins were dangling right at the edge waiting for a collapse. All altcoins caved in, registering double digit losses as EOS and IOTA lead the loss making pack. Fortunately though, at the moment price isn’t a priority. This is because as long as these projects find use and therefore value, to recover they shall—but for now, we should brace for impact! Let’s have a look at these charts: EOS Technical Analysis
EOS Daily Chart by Trading View
Technically our EOS shorts have been activated in line with our last EOS technical analysis. The question now remains: how low can we get? For once, I suggest that EOS might first test 2018 lows at $4-our first bear target before finding the much needed support. Thereafter, we expect
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