A very technical analysis. $3 is quite impossible. If haijin had analyzed the EOS/BTC chart instead of EOS/USD he would have gotten a different result. EOS is consistently rising against BTC. The downwards risk is actually the risk of BTC. Most altcoins including EOS are coupled to BTC price, oddly. Haijin has actually analyzed BTC. Will BTC drop further?
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I believe btc likely to hit $8k or so before resuming up.