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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
EOS/USDT TRADE SETUPHi guys, This is CryptoMojo, One of the most active tradingview authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. BABYDOGE is making this falling wedge pattern. Entry- $2.1 - $2.03 TARGET- 70% SL- Break and close below $1.9 This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
EOSUSDT , POTENTIAL UPTREND REVERSAL Hello Traders :) - Please push the like button if you like the content or drop a comment to share your idea! - EOS on 1D time frame chart is trading inside a falling wedge since starting September 2021 making lowers lows and lower highs , sellers are still in control and buyers are getting ready to defend there strong support zone ( demand zone ) 2.3$-2.5$ , buyers meanwhile failed to break on the non-horizontal local resistance around 2.9$ taking price lower to the intended support zone. - On 4H time frame chart we can see that EOS was trading inside a falling wedge ( continuation pattern ) and took the price lower to the strong support zone mentioned earlier. - Buyers will gear up on the strong support zone 2.3$-2.5$ hoping to see a good amount of buying volume in order to take the price high to level resistance 2.9$ ( last swing low ), if succeed buyers will keep on moving up to the strong non-horizontal resistance around 3.6$ , would like too see a great breakout ( our trigger ) off the falling wedge which will take price higher to level targets of 5$ and 7$ respectively. - Until now we are still bearish waiting to see the buyers reaction while the market sentiment is suggesting fear and due to BTC volatility. Good Luck Traders!
Long
by Johnny_a88
2
EOSUSDT Analysis : respectful support trend lineHi guys. Gonna Analyse EOSUSDT We got a very respectful Trend Support 1 Major (TS1 Line) over 10 touches and bounces and also a good mid line (minor trend MT Line ) Scenario 1: market is bullish right now so we can see a retest to previous minor S/R Lines and Strike to TS2 Line (Major Res line) and see how it react ... Break? or fail? Scenario 2: also market is bullish right now we can see the Striking aaaaand return to 2.65 support line . Can I know your idea ? happy to listen :)
by ZnBitt
5
EOSUSDTThe price levels, which are currently 3.81, may fall further because it has broken the blue dotted line. If prices fall 12% lower and fall to the $3.2 levels (Yellow dotted line) and rise up from there, that is, if it makes a bottom again at this level, there may be a new rise. Because the RSI was 35 at the level when the price was $3.2, and it's 36 now, and it looks like we're going to fall more at this rate. The formation I briefly mentioned is a Positive Hidden Divergence. Prices are expected to rise after a positive confidential divergence. We will see if there will be this discrepancy in about a week or two. In short, it can be expected without processing right now IT IS NOT INVESTMENT ADVICE
by AtaMeta
2
EOS Is Gathering Momentum 🚀🚀EOS is a blockchain token , for one of many Blockchain engines around, a smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. EOS is a platform that's designed to allow developers to build decentralized apps (otherwise known as DApps for short.) It only just recovered from a correction at lower support . From here it did a double bottom to get back on winning ways. Forming a nice trendline along, and now looking to break through a resistance ceiling on the chart . My Entry is at " resistance//support " line as seen on the chart. My SL is at mid support level( unmarked ) $4.74 . Final near target I see is around $5.40+ It is gathering momentum as we speak. BTC.D is looking nicely for alts. It's looking bullish in my opinion . Follow 🚶 @CryptonKidd for daily analysis Like 👍 and share thoughts
Long
by CryptonKidd
1