Technical vew of correction
* EOS moving in 3rd wave now with support $3.35 (0.618 Fib level of past cycle).
* The final 5th wave should be to $2.25 around zone that strong support also 0.386 fib level of past cycle.
EOS problem right now
Some block generators (of Asian origin) captured most of the votes, and thus the blockchain became more susceptible to centralizing politics.
This happens for the simple reason that in the Asian space it is normal to vote for "our own". And also the Asian community has a very large number of EOS tokens.
Common market view
* EOS have empty volum space because of too much fast growth at nov-dec 2018
* Everything has its consequences
* Now market need to fill the volume from 2.15 to 4.18
* This range will be main EOS price range on next 6 months
* If you want to catch mottom with margin trading the more safety level is $1.56
Good luck and remember: your risks - your profits!
* EOS moving in 3rd wave now with support $3.35 (0.618 Fib level of past cycle).
* The final 5th wave should be to $2.25 around zone that strong support also 0.386 fib level of past cycle.
EOS problem right now
Some block generators (of Asian origin) captured most of the votes, and thus the blockchain became more susceptible to centralizing politics.
This happens for the simple reason that in the Asian space it is normal to vote for "our own". And also the Asian community has a very large number of EOS tokens.
Common market view
* EOS have empty volum space because of too much fast growth at nov-dec 2018
* Everything has its consequences
* Now market need to fill the volume from 2.15 to 4.18
* This range will be main EOS price range on next 6 months
* If you want to catch mottom with margin trading the more safety level is $1.56
Good luck and remember: your risks - your profits!
Comment:
Soon EOS will reach support zone and can get some bounce from this.
