• Cryptocurrencies: 2209
  • Markets: 18660
  • Market Cap: $248441261426.58
  • 24h Vol: $65008127462.499

EOS 15% Move Upwards

EOS Overshot the Markets Expectations following a technology vulnerability. This added fuel to the fire to see a 15% Move Upwards

 An expose was released on Sunday Morning that EOS has a vulnerability that allows a individual to gain access to your RAM. 

This can be used for their own good to stake items. 

This doesn’t mean that they can steal your staked EOS, it rather means they can mine using your own hard drive. 

Normally in the Cryptocurrency community, if such was released about any coin, there would be seen to be a 10% decrease. 

However, as a result of the strong EOS community, this wasn’t the case.

The EOS Market sentiment is still at a strong B+

Why Long

The market reacted positively on news that EOS despite having a major technology flaw. 

In a technical aspect, EOS, has had increased market sentiment especially as it got away from the $4 bottom, seeing a high of $4.50. 

The past two days, has seen an intense increase, especially following a 4% increase. 

Usually when we see a 4% increase, there is a strong retracement. 

EOS Doesn’t seem to be doing so. Illustrating a strong push back to $7. 

$7 is the optimum dollar value of EOS during a Positive Market flow. 

The volume is decreasing on EOS, illustrating another move upwards. 

The take profit line is illustrating the $7 optimum EOS Value, and a strong 0.618 Fib. A resistance line for EOS. 

 

Nouvive recommends a buy around $5.30 with the first stop loss at $5.15, increasing stop losses in profit. 

Nouvive recommends taking profit at $6.98.

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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