EOS Market: Accumulation.
Hi traders, let's look at EOS.
EOS.
The digital asset is forming a bullish Adam and Eve double bottom after the market failed to find meaningful auction below $5.
According to Thomas Bulkowski, Adam and Eve double bottoms are among the top performing patterns in traditional markets.
Fundamentally, the market could be gearing up in anticipation to the London Hackaton where Block One promised a slew of new applications would be shown off to the public.
Also of significance the coming launch of EOSfinex, a decentralized exchange built on top of the EOS platform has created a lot of anticipation within the community.
If Bitcoin has bottomed (as we believe) this could be indeed the point of maximum financial opportunity for a long term swing trade.
The main risk on this trade mainly comes from Bitcoin to which the price of EOS remains correlated.
Are you going to pick up some EOS traders? Are you interested in the development of their community?
Until then...
FØx.
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May the FØx be with you.
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by FØx
I know all the altcoins charts look roughly the same, I even often complain about it, but the parallels between EOS and NEO are uncanny.
True! are you going to scoop some up @bitbrain?
I have nothing to scoop WITH at the moment, but I would love some all the same.
What I will do is to prioritise it on my list of coins to buy if one of my other coins Moons any time soon. I'll sell off the other coin and get myself some EOS.
EOS Hackaton is today, I heard they promised to unveil some "killer" social dapp a la Steemit, have you heard bout that?
No I haven't, but I don't follow EOS closely.
great summary and tech and fundamental analysis ! I just went to excellent evening mostly about EOS in london with cypher glass and SVK crypto. So many EOS evangelists in the house there !
https://steemit.com/eos/@ozkdawg/reflections-upon-the-future-of-blockchain-event-held-in-london-on-19-september
Thanks for the link man, EOS sure is a very enthusiastic community. Surely a lot of people see it as a second coming of the Ethereum opportunity.
check out SVK crypto in my links - they do podcasts every day and are really passionate about EOS
sure will, thanks for the tip :)
Let's see what brings EOS in the Hackathon of London, has not been any good the last weeks with the distribution of the false tokens of an EOS DApp or the hack where 40,000 EOS were stolen
Have you got a good link on that story, I've missed it somehow.
Was the protocol to blame or the app developers?
The distribution of the false tokens happened in the DApp called Trybe and it was that the mutability of the application affected the security, this is the link:
https://steemit.com/eos/@d1360x/eos-dapp-fails-to-distribute-tokens
And the theft of the 40,000 EOS was also in a DApp called EOSBet for vulnerability in the intelligent contracts a day after they indicated that it was very safe, this is the link:
https://steemit.com/eos/@d1360x/hackers-steal-40-000-eos
Thanks a lot :)
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