EOS is a Token I've only recently begun to watch. What got my interest in this one stems from Steemit's founder Dan Larimer. I started learning more about this platform I'm growing to love for it's community and self-governance and potential to make money for solid contributors without resorting to central authority decision making or to banner ads and other forms of paid advertising.
I want to invest in both Steem (Steem Dollars) and EOS, but it's not quite the right entry point on either at the moment.
In particular, I'm keenly watching EOS and waiting on it to reach an appropriate support zone. Here's the current 30 minute candle chart for EOS:
As you can see, it's been generally declining with the Kumo acting as resistance. There's a lot of sell pressure right now and not much buying
My plan: Wait for it to reverse and test the EMA 50 (gold line). I will begin watching more closely when it reverses down trend and crosses the EMA 20 (magenta line)