EOS has been weak since altcoins have become weak.
Like most altcoins, it has a confirmed H&S pattern & impending death cross. Unlike many, however, EOS is quite strong in that it's ABOVE 200D still.
I suspect tomorrow it'll go under 200D & $3.9 will be a 1st target, even though $1.3 may be the final target for me.
This is because one thing leads to another.
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eos quite strong these days, but still can't go over the resistance (thick red).
my guess is that people are making the wrong assumptions: that the eos team is selling eth doesn't mean they're using their own money to pump eos. you have to remember that they do ico to raise $ not their own coins (which they made out of thin air in the billions).