Hi traders, I have my finger on the trigger

EOS.

• The hourly price has been moving into a descending triangle for a while now, the pattern is statistically bearish but can sometimes produce a bullish continuation.

• At the end of the day, the price will ultimately depend on Bitcoin and whether or not it keeps chopping around at current level or decide to break out in any direction.

• Also make sure you follow the developments of the SEC discussions regarding the legal status of Ethereum. The commission is meant to decide today whether or not ETH is a security and while this does not directly affect EOS, ETH being a security would probably put EOS in the same category which could complicate future listing on American exchanges. On the other hand, if the commission decides that ETH is not a security this would give a lot of confidence to new investors and be overall bullish for the space.

Trade safe in the jungle!

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