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 all the way 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 escape $2.43, which is able to ship it greater to $2.57.
The Chinese language authorities printed its most in-demand crypto score, the place EOS took the primary place, and Ether, the second, whereas the risky Bitcoin is just 15th out of 34. The score is generally based mostly on the tech worth and the sensible use.
Available in the market cap score, in the meantime, EOS is fourth, whereas the primary three locations go to BTC, XRP, and ETH. The score homes 100 cryptos, 11 out of them being giants.
Fundamentals are principally constructive for the EOS. White hackers discovered 5 vulnerabilities inside the community over the previous couple of weeks, these points having been instantly resolved. This was completely financed by EOS who pays the programmers for bug fixing. Based on HackerOne, eight bugs have already been fastened for the reason that starting of this yr.
Such apply is kind of widespread among the many crypto firms, whereas the bug particulars usually are not often disclosed. Over 2018, crypto firms paid $878,000 to the bug fixers, 60% of these being EOS.
Any predictions contained herein are based mostly on the authors’ specific opinion. This evaluation shall not be handled as buying and selling recommendation. RoboForex shall not be held responsible for the outcomes of the trades arising from relying upon buying and selling suggestions and critiques contained herein.
Initially Appeared on NullTX