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+
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.
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