This Is Why You Need to "Buy and Hold" EOS Starting Now...
Everyone else covers extensively on the technical aspect of EOS. I am going to combine both Value Analysis with Technical Aspect and predict what's going to happen in the Month of May.
Why did I use "Short" instead "Long"?
That's because controversial tags catch attention!
Why "Buy and Hold" instead of market timing between NOW and until end of May?
*First of all, let me just say that I can understand why you want to timing the market (because you want to maximize profit buy high and sell low). This is good and all, but what I want to tell you right now is that EOS is extremely bullish at the moment if you sell low (on a relative price) you will need to chase it back due to FOMO. Your downside risk in May at the current price of $17 is VERY Limited. Your lower support include a very strong support line at $16 and $15.40.
*Airdrops on May 10th and May 15th... Google it on the Internet. Register your wallet and take your EOS tokens off the exchange! (Price will rise)
*Intrinsic value is VERY high even just using it as a basic web service and a database! Compare EOS with Google Compute Engine on the Google Platform or Amazon's AWS. Amazon's AWS revenue is public info and then convert that to market cap. We are severely undervalued even if we IGNORE the Blockchain aspect!
CONCLUSION
It makes no sense and illogic to SELL or SHORT below $25. If you truly believe EOS is the Ethereum Killer, this baby's gonna worth at least $80 (based on Ethereum's current price) in one year!
By the way, people are so afraid to be responsible for what they say they keep on saying, not financial advice and bluh, bluh, bluh.
Listen, what I have done is a Fundamental Value Analysis outside of Technical Aspect. You need to believe in math and Dan L.
What's the worst case?
You use or stake EOS network as a basic web service and enjoy! (Still a tremendous value)
Press "Like" if you think my reasoning is correct!
Why did I use "Short" instead "Long"?
That's because controversial tags catch attention!
Why "Buy and Hold" instead of market timing between NOW and until end of May?
*First of all, let me just say that I can understand why you want to timing the market (because you want to maximize profit buy high and sell low). This is good and all, but what I want to tell you right now is that EOS is extremely bullish at the moment if you sell low (on a relative price) you will need to chase it back due to FOMO. Your downside risk in May at the current price of $17 is VERY Limited. Your lower support include a very strong support line at $16 and $15.40.
*Airdrops on May 10th and May 15th... Google it on the Internet. Register your wallet and take your EOS tokens off the exchange! (Price will rise)
*Intrinsic value is VERY high even just using it as a basic web service and a database! Compare EOS with Google Compute Engine on the Google Platform or Amazon's AWS. Amazon's AWS revenue is public info and then convert that to market cap. We are severely undervalued even if we IGNORE the Blockchain aspect!
CONCLUSION
It makes no sense and illogic to SELL or SHORT below $25. If you truly believe EOS is the Ethereum Killer, this baby's gonna worth at least $80 (based on Ethereum's current price) in one year!
By the way, people are so afraid to be responsible for what they say they keep on saying, not financial advice and bluh, bluh, bluh.
Listen, what I have done is a Fundamental Value Analysis outside of Technical Aspect. You need to believe in math and Dan L.
What's the worst case?
You use or stake EOS network as a basic web service and enjoy! (Still a tremendous value)
Press "Like" if you think my reasoning is correct!
EOSIO DAWN 4.0 is JUST RELEASED!!!