EOS Market: Accumulation.

Hi traders, let's look at EOS.

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EOS.

The digital asset is forming a bullish Adam and Eve double bottom after the market failed to find meaningful auction below $5.

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According to Thomas Bulkowski, Adam and Eve double bottoms are among the top performing patterns in traditional markets.

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Fundamentally, the market could be gearing up in anticipation to the London Hackaton where Block One promised a slew of new applications would be shown off to the public.

Also of significance the coming launch of EOSfinex, a decentralized exchange built on top of the EOS platform has created a lot of anticipation within the community.

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If Bitcoin has bottomed (as we believe) this could be indeed the point of maximum financial opportunity for a long term swing trade.

The main risk on this trade mainly comes from Bitcoin to which the price of EOS remains correlated.

Are you going to pick up some EOS traders? Are you interested in the development of their community?


Until then...

FØx.


If you liked this article, make sure to show some love by up-voting or following yours truly. You can also follow me on Twitter at F0xSociety and join my Discord Community for daily live updates Monday to Friday.


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May the FØx be with you.


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by FØx


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