Coin Circle Academician: March 12, 2024, the latest market analysis and operational suggestions for EOS
Fans often comment that it's like saying nothing, always speaking in official jargon. Let's provide some practical information. First of all, we know that EOS is a digital currency based on blockchain technology, aiming to provide a scalable, easy-to-use, and high-performance blockchain platform. So what are its characteristics? Let the Coin Circle Academician tell you.
Scalability: EOS is designed to achieve high-performance processing of large-scale applications by using the Delegated Proof of Stake (DPoS) consensus mechanism and parallel processing to improve transaction processing capabilities.
Developer-friendly: EOS is committed to providing a developer-friendly platform, allowing developers to easily build and deploy decentralized applications (DApps) and providing friendly development tools and documentation for users.
Horizontal scalability: EOS adopts a horizontal scalable architecture, allowing parallel processing of multiple smart contracts to increase the throughput of the entire system.
No transaction fees: EOS users do not need to pay transaction fees because EOS token holders can use their tokens to vote for "super nodes," which are responsible for verifying transactions and generating new blocks.
Now let's look at the current market situation. Reviewing the analysis from yesterday, the suggestion was to short near 1.26. As of the time of writing, the market continues to decline, with the current price near 1.17. The downward trend has not yet completed, as the 4-hour K-line is currently testing the EMA30 support at 1.17. It's uncertain whether it will hold. Focus remains on the support levels at 1.10 and 1.05 below. Remember to secure profits.
MACD volume is decreasing, DIF and DEA are sharply declining from high levels, and KDJ is forming a downward trend. In addition, the Bollinger Band's midline has been breached, indicating that the downside potential has not been exhausted. For the short term, prudent investors should wait for an opportunity. Focus on the support levels at 1.10-1.05 below. It's recommended to use this information for reference and bear your own risks.
This article is exclusively provided by the Coin Circle Academician and represents the Academician's exclusive viewpoint. For more information, please leave a comment in the comment section. The Coin Circle Academician wishes you a pleasant investment experience!
Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comment section are not related to the author. Please discern carefully. Thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
