EOS (EOS) Reviews for May 2024

EOS has formed the bullish inverse head and shoulders setup. The buyers pushed the price above the overhead resistance at $1.46 on Aug. 17 but the long wick on the day’s candlestick shows strong selling at higher levels. The bears pulled the price back below the breakout level of $1.46 on Aug. 19 but the positive sign is that the buyers did not allow the EOS/USDT pair to sustain below the 20-day EMA ($1.32). This indicates that lower levels are attracting buyers. If bulls sustain the price above $1.46, the positive momentum could pick up and the pair may rally to $1.83. If this resistance is also scaled, the rally could extend to the pattern target of $2.11. This positive view could invalidate if the price turns down and breaks below $1.24. The pair could then decline to the 50-day SMA ($1.17). The rally above $1.46 on Aug. 17 pushed the RSI on the 4-hour chart to deeply overbought levels. This may have tempted short-term buyers to book profits, which pulled the price to the strong support at $1.24. The bulls purchased the dip to this level and have again propelled the pair above the overhead hurdle at $1.46. The pair could now rally to $1.56 and then to the important resistance at $1.83. Alternatively, if the price turns down from the current level and breaks below the moving averages, it will suggest that the pair could remain range-bound for a few days.

EOS has formed the bullish inverse head and shoulders setup. The buyers pushed the price above the overhead resistance at $1.46 on Aug. 17 but the long wick on the day’s candlestick shows strong selling at higher levels. The bears pulled the price back below the breakout level of $1.46 on Aug. 19 but the positive sign is that the buyers did not allow the EOS/USDT pair to sustain below the 20-day EMA ($1.32). This indicates that lower levels are attracting buyers. If bulls sustain the price above $1.46, the positive momentum could pick up and the pair may rally to $1.83. If this resistance is also scaled, the rally could extend to the pattern target of $2.11. This positive view could invalidate if the price turns down and breaks below $1.24. The pair could then decline to the 50-day SMA ($1.17). The rally above $1.46 on Aug. 17 pushed the RSI on the 4-hour chart to deeply overbought levels. This may have tempted short-term buyers to book profits, which pulled the price to the strong support at $1.24. The bulls purchased the dip to this level and have again propelled the pair above the overhead hurdle at $1.46. The pair could now rally to $1.56 and then to the important resistance at $1.83. Alternatively, if the price turns down from the current level and breaks below the moving averages, it will suggest that the pair could remain range-bound for a few days.

EOS has risen in price over the past day by 40% on the back of positive news. The growth of EOS for the week is 100%, altcoin took 17th place in the CoinGecko rating in terms of capitalization. Since the beginning of the year, the asset has noticeably lagged behind in growth from the entire crypto market. Altcoin developer Block.one announced on Tuesday that it has invested over $ 10 billion in the new Bullish crypto exchange on the EOS blockchain. The trading floor will be launched before the end of this year. Block.one has also raised $ 300 million from strategic investors. These include Thiel Capital and Peter Thiel's Founders Fund, billionaire Alan Howard, as well as Mike Novogratz's Galaxy Digital, investment bank Nomura and others. Users are promised improved performance, privacy and legal compliance provided by central order book technology with the vertically integrated benefits of a Decentralized Finance (DeFi) marketplace architecture. Bullish is expected to support new tools in the areas of automated market making, lending and portfolio management. The exchange will be based on the EOSIO protocol and the EOS public blockchain.

EOS has introduced a new system upgrade on September 23, which should have sent the price at least 6% higher, but it wasn't meant to be as the entire market has gone sliding down the hill, freezing many sell orders, including mine. So now, I am sitting on a pile of EOS, waiting for the price to touch the $4.022 level, at which I had bought the coins. Well, that's the realities of a crypto trader: the market can go either way faster than you can blink.

Now is the right time to stack up on some EOS because it is geared up to be very bullish in the coming weeks, mainly because of the new upgrade of the EOS network that is due to be released on September 23. Once the upgrade is in place, dApps developed on that blockchain will become capable of paying users in crypto for their CPU power. This will undoubtedly serve as a major driver for the price of EOS, so I have already placed several sell orders way above the $5 mark.

It’s not the time to buy EOS. There is too much at stake in other projects such as ETH, and with ETH about to announce Staking code in over a month, EOS may become vastly irrelevant. EOS is a solid trade during large leg downs that we’ve seen over and over this past month, but it’s not a long term hold until it shows actual substance.

EOS is a billion dollar paperweight. Why it’s even still as high as it is on CMC is beyond me, but I do believe it’s because EOS devs are manipulating the price to keep it relevant. This project is vaporware at best, and I can’t believe so many were fooled by Dan Larimer. He’s known to create projects and walk away, such as Steemit. EOS used to be a decent hedge against ETH, but now that EOS doesn’t do anything and ETH does everything, there’s really no more reasons to hold EOS. If you’re looking for a hedge for ETH, then buy ETC.

I’m gonna say it: EOS will beat ETH. It’s going to beat ETH not because it’s superior technology, but because Dan Larimer has enough ETH to suppress the price and keep ETH tied up. EOS is schuduled for a massive move in the coming weeks, as all indicatoros are pointing to it as a major buy. DOn’t underestimate the EOS community, they’ve been patiently waiting but they are ready and they HODL their coins. If theres one project out there that is dedicated to a coin, its the EOS community. EOS is backed by every venture capitalist that has a tried and true track record, so they know exactly what they’re doing.

I remember when I first bought EOS at over $10. It really hurt to watch it plummet all the way down to $4, but I kept buying each large dip. Finally I DCAd my position to about $4. After HODLing for mnths, it all just paid off. I'm up over 40% and it's no small position after all the buys near the bottom. This really goes to show everyne that it's necessary t always buy the big dips if it's a project that you actually believe in. EOS is here to stay, just look at all their investors. They aren't messing around and they will compete against ETH within 2019.

EOS has been traveling in between channels for a while now. This is normally seen as a good sign because the selling pressure is non-existent and the buying pressure is equally lackluster. What this could signal is a new trend forming on the weekly chart that could boost EOS. EOS is one of the major coins that hasn't seen a significant rally, and it's time might be here shortly.

I'm still very skeptical of EOS. After it raised over a billion dollars, they don't really have anything to show to the community. Sure, they've held a few conferences and hosted some international events, but they still lack the strong community that surrounds ETH and XRP. EOS has a long way to go in terms of winning over the blockchain crowd. They need to show the community that they are actually making progress with that incredible amount of ICO funds.

EOS looking great. It got decimated during the bear market and is finally showing signs of life. If the market tumbles again I think we'll see its ATL again. Reason being that EOS has been very quiet so I don't think there's much confidence backing the price other than riding the wave of the current trend.

EOS is once again located near the upper boundary of the downward channel. Given the relative weakness of the coin for a long time, as well as the negative dynamics of the entire market, we do not expect significant changes in the nature of investor behavior in this pair. Opportunities for opening long positions will appear only after the price breaks through the trend line and consolidates above the value of $ 2.1.