• Cryptocurrencies: 2980
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  • Market Cap: $225374967645.18
  • 24h Vol: $52090721804.949

EOS Tech Failure Short

Over the weekend, it has come to the attention of many within the EOS community that there has been an exploitation within the software.

 A tech savy individual can “install code on their account” to allow “them to steal RAM”.

This has been founded by the Reddit User: Grandmoren and verified by several other individuals within the community.

Rest Assured, it does not take any staked EOS, it only fills up your RAM.

Nonetheless, this can be a fatal vulnerability, therefore Nouvive using this Fundamental information and technical data as can be seen below Recommends a SELL for EOS:

Why Short

EOS has illustrates a technology flaw that as been discovered only several hours ago. Therefore, the market has not had enough time to place this vulnerability into the chart. Nouvive recommends you to get ahead of the curve.

EOS on the technical side has been unable to surpass $5.30 over the past 10 Days, this collates with Bitcoin’s stability or slowdown, illustrates that there is no breakout happening any time soon.

According to the Fibonacci 0.5 line, the best place to cover would be $4.75 as a result of this being a previous support area.

However, with this discovery being so early, Nouvive recommends you to cover or take profit at around $4.40 when the rest of the market catches up.

Nouvive recommends a sell around $5.15 with the first stop loss at $5.26, increasing stop losses in profit. 

Nouvive recommends taking profit at $4.70.

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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