EOSUSD.P trade ideas
EOS About to Move Up and Over Resistance - Next 24 HoursYesterday we saw a break out from a week-long consolidation on EOS, with volume growing, we could see a 10% move upwards and over the resistance within the next 24 hours.
EOS/USD - This Currency Is For MOON !!!Calling itself the most powerful infrastructure for decentralized applications, EOS is a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform.
EOS.IO and EOS Tokens
The EOS ecosystem comprises two key elements: the EOS.IO and the EOS tokens.
To draw a parallel, EOS.IO is akin to the operating system of a computer – it manages and controls the EOS blockchain network. EOS.IO uses blockchain architecture that is built to enable vertical and horizontal scaling of decentralized applications. The EOS token is the cryptocurrency of the EOS network.
A developer simply needs to hold EOS coins, instead of spending them, to be eligible to use network resources and to build and run dApps. A token holder who is not running any apps can also allocate or rent his bandwidth to other participants who may need it.
Currently owned by the block.one organization, EOS was launched by Dan Larimer, who is also the founder and creator of established platforms like Bitshares and Steem.
How Is EOS Different?
While there are already a number of blockchain-based networks like Ethereum, which facilitates decentralized applications, EOS focuses on critical pain-points of blockchain and attempts to solve the problem of speed, scalability, and flexibility that often become a bottleneck for such blockchain-based systems. (For more, see An Introduction to Ethereum Classic.)
With the size of the dApps ecosystem increasing with every passing day on a particular blockchain network, it often suffers due to limited availability of resources on the network. They include problems like the network getting constrained by a large number of false transactions and similar requests, spamming apps, slow speed of execution, and limited computing power available across the network.
EOS.IO attempts to address these problems by offering more scalability, flexibility, and usability through its unique mechanism.
It claims to be able to support thousands of commercial-scale dApps without hitting performance bottlenecks through the use of parallel execution and asynchronous communication methodology across the network. The efficiency is further boosted by separating the various modules involved in the working of dApps. For example, the authentication process is performed separately than the execution process.
EOS.IO offers flexibility in the development and maintenance of dApps through various features. Its ownership structure promotes free usage by the user, and eliminates transaction charges as developers are allowed to utilize resources in proportion to their stake instead of the standard pay-per-transaction model. This also makes it easier for app developers to predict hosting costs, and allows them to create effective monetization strategies.
EOS.IO uses delegated proof-of-stake and a role-based permissions concept, which allows flexibility to make instant high-level decisions, like rollback, freezing and bug fixing of broken apps, through a majority accord among designated stakeholders.
It comes with key usability features – web toolkit for interface development, self-describing interfaces, self-describing database schemas, and declarative permission scheme – that make the developer’s job easy for creating and maintaining the apps.
The Democratic Inflation-based Economy of EOS
The EOS setup does not have any mining concept. Rather, there are only block producers who generate the required number of blocks and get rewarded by the creation of new EOS tokens for each new block they produce. Block producers have the flexibility to publish a desired figure for their expected pay, and the number of tokens that get created is calculated on the basis of the median value of the expected pay published by all block producers.
As block producers would obviously desire higher pay, this feature can easily be misused. To contain this issue, there is a mechanism to cap producer awards such that the total annual hike in token supply will not exceed 5%. Token holders, who are voters on such matters, have the authority to vote out block producers who demand more inflation, as deemed necessary.
This mechanism acts complementary to EOS storage, as all token holders will pay for the storage of files on the EOS network through a portion of annual inflation. As long as they are storing a file on the network, their EOS tokens will be held up, and will lose value at the rate of inflation.
The more storage is required, the more blocks will be demanded from the block creators who can demand more value for their work through higher pay inflation which can be approved by token holders. In case of decreased storage demand, inflation will be lower, thereby leading to smaller degradation in loss of value of EOS tokens held up.
Unique Year-Long Token Distribution
EOS took a novel approach with a one year long ICO period. As per EOSCollective.org, EOS token distribution was carried out as follows with an aim to spread tokens far and wide throughout the whole ecosystem at realistic market prices without giving undue advantage to a select few during a short ICO period:
200 million (20%) of tokens were initially distributed during a five day period from June 26, 2016 to July 1, 2017.
700 million (70%) of tokens are currently being distributed on an ongoing basis of 2 million per day for 350 days.
100 million (10%) are being held in escrow for block.one to keep their incentives in line with that of the EOS community. Block.one's tokens will vest over a 10-year period at 10 million tokens a year.
EOS tokens can be kept in multiple wallets that include Ethereum Wallet, MyEtherWallet, and MetaMask, and can be traded on exchanges like Bitfinex and YoBit.
How did the EOS price perform over the years?
In order to better understand EOS future price and provide an answer to the question “Is EOS a good investment?”, we should first look back and see how the asset has been performing after its very successful ICO, and difficult mainnet launch.
When it was first launched, the price of the EOS cryptocurrency sat at $2.29. However, it then doubled in less than 24 hours, with EOS hitting $5.40.
What is happening to EOS these days?
Unfortunately, EOS has not been making headlines in 2020, as the crypto industry is mostly focused on the decentralised finance (DeFi) sector. When DeFi started slowing down, bull runs took over, and most of the attention went to Bitcoin.
However, that does not mean that EOS has been doing nothing. Its developers at Block.one recently announced the EOS Resource Model proposal, and the soon-to-arrive review of various talented organisations that responded to the company's invitation to evaluate their code.
Block.one also recently expressed its pleasure with how Spielworks built a rewards and loyalty platform for gamers using EOSIO.
EOSUSD#EOSUSD
The RSI guard was broken in 4h
The first resistance is 5.57
If above this resistance is fixed
Expect more growth
Looking at possible failure for EOS to exit long term channelInvalidation occurs at another test of the recent highs.
Targeting upper 4.5s, then 4.2s, then looking for a reaction upon upper channel test if it occurs.
R of this trade: 0.5:1
3D chart showing the formation of the horizontal channel.
Picture in case the idea is scaled oddly in the published chart.
Futures premium from FTX, on a Bybit chart. They're all priced about the same anyway, and the main chart series does not affect the futures premium formula.
EOSUSD, Buy On H1.EOSUSD, Buy On H1.
H1:
- Structure: Uptrend
- Pattern: Triangle pattern
- Break and above support- trendline
- MACD: Signa Buy
=> BUY
EOSUSD, Buy On H1.EOSUSD, Buy On H1.
H1:
- Structure: Uptrend
- Pattern: Triangle pattern
- Break and above support- trendline
- MACD: Signa Buy
=> BUY
EOS/USD Break out towards resistancePlotted this triangle yesterday and we have recently had a break out. Expecting EOS to break through the upcoming resistance within a couple of days maximum - especially with lurking news of grayscale adding them to their fund and the growth of the entire market.
EOS/USDT - Potential 48% movementHello, traders!
After the rapid upward movement, EOS went into correction and consolidated in the range of $4.42-4.94.
Consequently, we can expect the continuation of growth after the exit of consolidation and begin the purchases.
Entry into the position can be considered between the levels of $4.80-4.94
Stop Loss shall be placed at $4.50
By Fibonacci extension levels based on the trend, the targets would be:
$5.32
$5.89
$6.46
$7.02
P.S. This is not a piece of financial advice but only trade I would be following myself
EOS Can Really Do This : 75$ - 30x
EOS really can do this ?
Lookslike EOS targeting 2.5$ to 75$ in 4 months, thats means 30x revanue.
This is NOT a signal to buy, it's jut my opinion.
Best of luck for you all.
EOSUSD: Is this Stable coin going to move?!Based on Support/Resistance:
1. Weekly SRSI is pretty high. Then? Correction to a previously Resistance at about $4 is expected.
2. EOS fundamentally scores 912 out of 1000. Why?
3. Last weeks' Negative Hi Candle is confirming that more correction is possible.
4. If Elliot Waves Counting is done correctly, then it continues correcting for a couple of weeks.
5. The Stronger the 3rd Waves, the weaker the 5th one & vice versa. (This is very important).
6. Correction & Growth can happen sooner or later. Time & Price distortions are natural.
Do it simple. Forget Complicated painting instead of analysis.
Not a financial advice.
EOS Can Really Do This : 75$ - 30x
EOS really can do this ?
Lookslike EOS targeting 2.5$ to 75$ in 4 months, thats means 30x revanue.
This is NOT a signal to buy, it's jut my opinion.
Best of luck for you all.
18.2.2021 - Ontology (ONT / USD)Hi Traders!
Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market.
First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51.
In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer).
From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow.
May the crypto be with you!
EOS invest BUY BUY BUY!Now we see how the instrument has been accumulating for over a year. The cluster shows how we were gaining the position of pushing the price, I will show below on the screen about this trick of a large player.
There are good voluminous entries + there is a very strong divergence to the pair in BTC for 1 week, which started working out. EOS has huge growth potential
Buy1 - 4,77
BUY2 - 3,85
TP1 - 5,4
TP2 - 6,6
TP3 - 7,8
TP4 - 11,7
EOSUSD LEFT BEHINDEOSUSD looks pretty amazing, the tension is built up on the weekly long term chart! No doubt this setup is pretty amazing, while we have a dirty cheap undervalued coin against all major top cryptos, while it is the most used platform in the crypto space. Check out:
blocktivity.info
New move?After opening the short from the previous idea, I found that a strong support zone has formed at levels 4.45-4.55 and my assumption of further downward price movement was not confirmed. That's why I closed my position manually.
What we have now?
Today Bitcoin reached 50k and it means that uptrend continues. So, I expect, that EOS will show a new move. It's indicated by the exit from triangle (yellow line), and a trend change on the MACD (yellow circle).
MY IDEA:
1. Long from 4.54 (already opened).
2. First target - area of 6.0 USD.
Price movement below 4.35 will cancel this idea.
