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EOS knows no technical. A whale called EOS.IO is running the show.
@kshafi, I don't see any letup of the short side of the trade which tends to take away from your assertion of EOS.IO running the show. This mornings big green candle was met with selling to contain it, and guess what, they were able to stop the bulls precisely at the top resistance of the bear pennant, preventing a breakout. Is holding or selling their ETH? If they are selling, why is ETH not tanking? One cannot be certain, that's what makes a market.
kshafi Jrdelane
@Jrdelane, I feel they start their pump exactly when the market is undecided... in that sense ETH is in a zone of confluence. Either way, they are buying into EOS from ETH and I don't see how that puts sell pressure on ETH directly that much. Had they dump all ETH for USD and made the EOS-USD buy, I would be more welcoming your idea. Anyway, maybe in this last statement, I am wrong.
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