Get started

Eoscoin

EOS (Eos) Coin Analysis 28/03/2022Fundamental Analysis: EOS is a platform that’s designed to allow developers to build decentralized apps (DApps) The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly. Other priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a dozen transactions per second. EOS also aims to improve the experience for users and businesses. While the project tries to deliver greater security and less friction for consumers, it also vies to unlock flexibility and compliance for enterprises. The blockchain launched back in June 2018. To an extent, you could argue that EOS aims to create familiarity for its users. Whereas EOS.IO is probably best compared to an operating system like Windows or iOS, EOS is the cryptocurrency that drives the network. According to the company, it has the capacity to accommodate the demands of hundreds, if not thousands, of DApps — even if they were being used by substantial numbers of people. Parallel execution, as well as a modular approach, are said to drive this efficiency. In a unique twist, token holders have the ability to vote for block producers — as well as other matters such as protocol upgrades. Unfortunately, some of the most distinguishing features of EOS are those that certain critics dislike the least. There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve. EOS uses a delegated proof-of-stake consensus mechanism. This concept was conceived by Larimer, and aims to solve some of the flaws that are seen in PoW and PoS systems. As we briefly explained earlier, those who own EOS tokens are able to vote for representatives who will be responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those who have greater levels of computing power and resources. The EOS platform was developed by the company Block.one, and its white paper was authored by Daniel Larimer and Brendan Blumer. Both men continue to be members of Block.one’s executive team, with Blumer serving as CEO and Daniel Larimer as CTO. Blumer is a serial entrepreneur, and one of his earliest ventures involved selling virtual assets for video games. He went on to co-found Okay.com, a digitally focused real estate agency in Hong Kong. Larimer is a software programmer who has also started a series of crypto ventures. They include the crypto trading platform BitShares and the Steem blockchain. The pair met in 2016 and formed Block.one the following year. There are 985,399,855.46 EOS coins in circulation at the time of writing, and a total supply of 1.052 billion tokens. Block.one held an initial coin offering for EOS back in June 2017 and it lasted for a year — that’s substantially longer than many of the ICOs seen at the time. A total of $4.02 billion was raised in the process, and investors from the U.S. were unable to take part. Looking at the breakdown of how tokens were distributed, 10% were allocated to the founders, 90% were distributed among investors. It is worth noting that Block.one won’t receive this allocation straightaway — instead, it’ll happen over a 10-year period. The current CoinMarketCap ranking is #49, with a live market cap of $2,981,938,783 USD. It has a circulating supply of 985,399,855 EOS coins and the max. supply is not available. Technical Analysis: The Asset has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. There exist the Regular Bullish Divergence of Price Value from MACD , which is the very Significant sign of Bearish Trend Reversal eventually Start of the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
EOS Coin Analysis 10/03/2021we had analyzed this coin earlier and capitalized on it. Now Updating New Positions and Targets... Daily Time Frame: 4 Hour time frame: Fundamentals: What is EOS? EOS is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.) The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly. Other priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a dozen transactions per second. EOS also aims to improve the experience for users and businesses. While the project tries to deliver greater security and less friction for consumers, it also vies to unlock flexibility and compliance for enterprises. The blockchain launched back in June 2018. To an extent, you could argue that EOS aims to create familiarity for its users. Whereas EOS.IO is probably best compared to an operating system like Windows or iOS, EOS is the cryptocurrency that drives the network. According to the company, it has the capacity to accommodate the demands of hundreds, if not thousands, of DApps — even if they were being used by substantial numbers of people. Parallel execution, as well as a modular approach, are said to drive this efficiency. In a unique twist, token holders have the ability to vote for block producers — as well as other matters such as protocol upgrades. Unfortunately, some of the most distinguishing features of EOS are those that certain critics dislike the least. There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve. Technical Analysis: as you can see the price has done its initial long Term accumulation and is ready to move up. total of 4 Targets Defined by Fibonacci Projection, where as the 3 Targets Gets Confirmed, if the 2 Target which is at the 161.8% (Extension) Level, gets Triggered by an impulsive wave followed by some Correction and consequently the 4 TP too.
Long
by BitonGroup
30
The EOS trend has reversed, and investors are now aiming for $10EOS coin saw a reversal bounce back from the 2022 year’s low and has gained nearly 35% of its value since last week. The EOS coin is observing a retracement phase today near the 100-day moving average in terms of the daily price chart. On March 16, the EOS token showed a bullish signal by breaking above the 20-day EMA in the context of the daily price chart. So far, the crypto manages to move above the 20 and 50-EMA, but today the bears are looking aggressive near the 100-EMA (Yellow). The bulls need to push the coin price above this bullish barrier. Stoch RSI is observing flat into the overbought territory in terms of the daily price chart, where the simple RSI turned its peak to the downside, and now it is at 65-mark. Both of the RSI may impact the bullish trend. The Average Directional Index (ADX) is slowly moving up and is following an upward trendline, which indicates strength in momentum for the EOS coin. A retracement phase exists after a sharp rise, where EOS bulls should wait for this pullback to end. Buyers above the 100 EMA line will turn aggressive. Support level - $1.80 and $1.5 Resistance level - $3.0 and $5.5
by TheCoinRepublic
It Will Be A Life Changing Move For EOS Coin HoldersUptrendline support and SMAs: On the weekly time frame chart, it can be easily observed that the price action of EOS coin has found if very strong long-term uptrend line support. And price line is not able to break down this trendline support for a very long time period. Recently the candlesticks of EOS have re-tested this trend line support and now moving above this level. At the same time the price line of EOS has also tested the 50 amd 100 simple moving averages. The 50 simple moving average has already crossed up the 100 simple moving average which is a bullish signal, because when the smaller time period moving average crosses up the bigger time period moving average that is considered a buying signal.    Stochastic and Momentum: If we take a look at the stochastic oscillator on the weekly time frame then it can be noticed that for several weeks it is moving in the oversold zone, indicating that the market of EOS is quite oversold. But if we take a look at the momentum indicator then it is still strong bearish. Therefore, once the momentum will be started turning bullish then a big rally from here can be started like previously it happened.  Big bullish Shark: On the weekly time frame chart, the price action of EOS has formed a big bullish Shark pattern. There is very strong support at 100 simple moving average in the buying zone. The buying and sell targets as per Fibonacci sequence of Shark can be as below: Buy between: $3.83 to $2.45 Sell between: $5.71 to $9.17 The buying zone is too wide up to 57%, therefore we can use the 100 SMA as stop-loss which is at $3.52 right now.
Long
by moon333
EOS-4h. Aggressive sales and critical range $2.55-2.75.The situation on the EOS market has changed dramatically. The positive dynamics of the EOS did not help the price to consolidate outside the global trend line. Buyers lost $3 . This mark was the critical point for reaching the $5 mark . Thus, the price of EOS returned to the limits of global consolidation and the black channel of growth. Now sellers are trying to break the range of $2.55-2.75 . After such a sharp drop in increased volumes, we do not expect a sharp rebound in prices. The best scenario for buyers is to continue consolidating in this range for the $3 test. From the nature of the EOS price increase, it will be clear whether to expect the rally to resume with a target of $5. Weakness of buyers in the range of $2.55-2.75 will again bring the price of EOS to the lower limit of consolidation of $2.31 . The global target is at 1.85. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
1
EOSUSD a long term bullish rally is expected very soonHi, friends hope you are doing good and welcome to the new update on EOS coin. After the drastic crash of March 2020 the price action of EOS coin has recovered more than 178% so far. Now on the daily chart the priceline is moving in a rising wedge pattern since after the mid Mar 2020. In the mid of August 2020 the price action for some time broke out the resistance of wedge but while re-testing the previous resistance of the wedge as support it re-entered in the wedge. At the moment the priceline is getting bounced from the support of this wedge pattern. The EOS coin also has strong supports of 100 and 200 simple moving averages at the support of this wedge pattern. At the moment both moving averages are forming a bull cross with each other just below the support of wedge. After this cross we can expect the price action may start very strong powerful rally to the upside and even it can breakout the resistance of this pattern on as well. A bullish Cypher move at the support of Wedg: Now if we take more closer look at the daily chart it can be easily observed that price action has just completed a bullish Cypher move at the support of Wedge pattern. After initial X to A leg the price action of EOS has retraced between to 0.382 to 0.618 Fibonacci retracement level. Then it is projected between 1.272 to 1.414 Fibonacci projection of X to A leg. Finally priceline has retraced between 0.618 to 0.786 Fibonacci level and this is the place from where the potential reversal zone starts. The price action of EOS coin has moved up from the PRZ level of this pattern. The formation of the bullish Cypher pattern and the potential reversal zone of this pattern at the same level where the EOS has the support of the wedge can be extremely bullish signs that the price action may breakout resistance of this time. The priceline has been rejected by the resistance of Wedge: Now if we switch to the long term weekly chart. Then it can be seen that the price action is moving in a falling wedge pattern. After hitting the resistance of the pattern the priceline of EOS is rejected. We also have 100 simple moving average resistance at the same level where we have the resistance of this Wedge. This time the pirce action has the 50 and the 25 simple moving averages supports just below the candlesticks. The price action has the strong support of rising wedge pattern on the daily chart that we have discussed earlier. Therefore there are less chances that the price action will move up to the support of the falling Wedge pattern that has been formed on the weekly chart after rejection from the resistance. A very big bullish Gartley pattern: Now I would like to recall my previous ideas where I told you that on the monthly chart the price action of EOS coin has completed the formation of a very big bullish Gartley pattern after the successful formation of a bullish Shark. In my recent article I posted the same Idea on the two months time period chart. Where we can see that the price action is still moving at the support of this Gartley pattern and at any time it can start a powerful bullish rally from this potential reversal zone of Gartley. As per Fibonacci sequence of Gartley the buying and sell targets are as below: Buy between: $4.26 to $3.06 Sell between: $5.20 to $7.45 Conclusion: Even though the price action of EOS coin is moving in a potential reversal zone of every big bullish Gartley pattern. Therefore a long term bullish rally is confirmed very soon. However the support of this potential reversal Zone is very critical. Therefore we should use the support of this Gartley pattern as stop loss. Because if this PRZ level will be broken down then a powerful bearish rally can be started to the downside.
BITFINEX:EOSUSDLong
by moon333
6