EOS - China's #1, possible turnaround
Coin of the day is EOS.
EOSBTC has reached the strong technical support levels and gained positive support from Chinese Ratings once more. We are waiting for turnaround on current lows. Recent problems with mainnet launch and further controversy about EOS governance was holding the price in a downtrend.
Recap: EOS was launched by Dan Larimer, who is also the founder and creator of established platforms like Bitshares and Steem.
Calling itself the most powerful infrastructure for decentralized applications, EOS is a blockchain platform for decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of useful services and features.
Latest news
- Ranked first by Chinese Ctypto rating
- Announcement about EOSFinex release in 50 days
Technicals
Global overview stays bullish, above the Global Bullish Trend Line. There are three reasons why we could see a turnaround at this point: Psychologically important level 0.001, Global Bullish Trend Line, 61,8% Fibonacci level coincides with 0.001 level. If EOSBTC will manage to take-off from here, first signals to confirm the upraise scenario should be a piercing of the Bearish Trend Lines and 100-days EMA. A fall below the 0.001 and Global Bullish Trend Line will send the price to the March lows at 0.0006.
EOSBTC has reached the strong technical support levels and gained positive support from Chinese Ratings once more. We are waiting for turnaround on current lows. Recent problems with mainnet launch and further controversy about EOS governance was holding the price in a downtrend.
Recap: EOS was launched by Dan Larimer, who is also the founder and creator of established platforms like Bitshares and Steem.
Calling itself the most powerful infrastructure for decentralized applications, EOS is a blockchain platform for decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of useful services and features.
Latest news
- Ranked first by Chinese Ctypto rating
- Announcement about EOSFinex release in 50 days
Technicals
Global overview stays bullish, above the Global Bullish Trend Line. There are three reasons why we could see a turnaround at this point: Psychologically important level 0.001, Global Bullish Trend Line, 61,8% Fibonacci level coincides with 0.001 level. If EOSBTC will manage to take-off from here, first signals to confirm the upraise scenario should be a piercing of the Bearish Trend Lines and 100-days EMA. A fall below the 0.001 and Global Bullish Trend Line will send the price to the March lows at 0.0006.
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