On the morning of Friday, July 13, EOS attempts to restore after the previous wave of decrease, according to Dmitry Gurkovsky, senior analyst at RoboForex.
The major auction go for $7,1077 (+2.8 percent). Medium-term trading channel for the EOS remains to the downside, short-term sideways trend in the range of $6,7710-8,2712.
That’s a pretty wide channel, in which the EOS may remain for a long time. Daily chart trading demonstrates that the cryptocurrency remains a pronounced pressure. On the eve of the EOS related to the $6,5500, the lowest since April 11. Given that the volatility in bitcoin in the last days remains low, but may significantly expand, can you talk about the possibility of reducing in the direction of $5,9742. This scenario is relevant if external background and corporate news will be negative for EOS.
It is worth noting that investors are now buying back part of yesterday’s sales, which signals the unavailability of the deepening decline. Breakdown, intermediate support at $7,0000 will point to the activity of “bears”. Underneath is support at $6,7500-6,7700, the attack on which will give a signal for a strong fall.
Key support, so for the EOS, you’ll have $6,7500. Significant resistance is in the $of 8.0000-8,3400. The MACD on the daily chart remain in negative territory, is moving along the signal line and maintains a sell signal. Stochastic oscillator starts recovering and preparing to go steadily in the positive zone, forming a buy signal.
News regarding EOS, indicate the possibility of influence of the startup Block.one of the processes of decentralization of the network. Now Block.one owns 10% of the total token EOS, and the company intends to participate in the vote for the producers of blocks.
The market worried about the next moment: now no one except Block.one of the developers network, no more than 3% support. Just released EOS 1 billion, each token allowed to vote for 30 candidates in the developers. Owning 10% of the tokens Block.one can easily win the vote. Users talking about the possibility of unlimited influence of the Block.one on the network, and many do not like it. A full launch of the network of EOS was held just a month ago, and the emotions of the market is only just subsided.
Other information that emerged recently concerns the question of changing the Constitution itself EOS. The proposal was made by a couple of weeks ago, technical project Director Dan Larimer (Daniel Larimer). Answering the question of whether the community understands the proposal to delete the existing Constitution and replace it with a new one that would allow arbitrators to make decisions regarding the various controversies with the codes, Larimer responded positively. The market immediately responded to this and noted that EOS like starting over, though its history and so began recently.
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