On Feb 9, EOS is buying and selling at $2.35, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
EOS persevering with its downtrend. After converging and hitting 61.80% Fibo on H4, the coin is correcting; it has already reached 50%, being across the diagonal channel resistance, and will head up additional to $2.57. Conversely, in case the present low at $2.18 will get damaged out, the value might go right down to 76% Fibo, or $1.95.
On H1, EOS bounced off the resistance and began happening, though nonetheless making an attempt to take down the resistance space. The worth might get away $2.43, which can ship it increased to $2.57.
The Chinese language authorities printed its most in-demand crypto ranking, the place EOS took the primary place, and Ether, the second, whereas the risky Bitcoin is barely 15th out of 34. The ranking is generally primarily based on the tech worth and the sensible use.
Out there cap ranking, in the meantime, EOS is 4th, whereas the primary three locations go to BTC, XRP, and ETH. The ranking homes 100 cryptos, 11 out of them being giants.
Fundamentals are largely optimistic for the EOS. White hackers discovered 5 vulnerabilities throughout the community over the previous few weeks, these points having been instantly resolved. This was completely financed by EOS who pays the programmers for bug fixing. In line with HackerOne, eight bugs have already been mounted for the reason that starting of this yr.
Such follow is sort of widespread among the many crypto firms, whereas the bug particulars are usually not often disclosed. Over 2018, crypto firms paid $878,000 to the bug fixers, 60% of these being EOS.
Any predictions contained herein are primarily based on the authors’ explicit opinion. This evaluation shall not be handled as buying and selling recommendation. RoboForex shall not be held accountable for the outcomes of the trades arising from relying upon buying and selling suggestions and critiques contained herein.
Initially Appeared on NullTX