Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, it is more important to do well than to prove one's strength to others. Whether it's a donkey or a horse, you'll know once you take it out for a walk.
I am a scholar in the coin circle, a warrior who has always been protecting the "leeks" (novice investors). I wish my fans to achieve financial freedom in 2024. Let's cheer together!
Coin Circle Scholar: May 3, 2024 EOS Market Analysis and Operation Suggestions
It's been a long time since I posted an article about EOS. Many new fans started to accumulate EOS below 0.75 last month, and after it fell below 0.75 during the May Day holiday, new fans also started to accumulate. As of the time of writing, the current price of EOS is around 0.81. There is no rush for now, continue to hold the spot, the holding period is a bit long. Friends who want to sell early can exit after breaking through the $1 mark in this round. Friends with spare cash can continue to hold for the long term.
From a technical perspective:
Before the article was published, EOS was around 0.815, and the overall trend retraced without breaking the support. The daily K-line returned to the EMA trend indicator, and the market was almost cleared several times. Especially after falling below 0.650 on April 14 and reaching 0.630, there was a rebound, KDJ formed a golden cross, and the MACD bottom deviation started to increase in volume. Overall, it seems that EOS will still return to above the $1 mark. The Bollinger Bands narrowed, the K-line reached the upward channel, and after breaking through the resistance at 0.856, it can continue to target the resistance level near 1.102.
The weekly K-line has already fallen below the EMA trend indicator, and last week it tested the pressure level of 0.925. This week, the focus is on the resistance point at 0.855. Fans who have not entered the market can start buying below 0.755. KDJ is starting to converge, MACD volume is shrinking, and DIF and DEA are opening downward at a high level but have not crossed the 0 axis. However, the Bollinger Bands have already expanded, and there is a high possibility that the K-line will stand still at the pressure level of 0.857 for a period of time before targeting the $1 mark again.
The operational strategy remains the same as before: after it falls below 0.755, spot trading can start, and the initial target is to sell half in the range of $1 to $1.255, and the remaining can target near the $3 integer mark (EOS operations are mainly based on spot trading, and entering into futures trading is not recommended).
Those familiar with the Coin Circle Scholar would know that I had already accumulated spot holdings near 0.595 as early as the National Day last year. After breaking through 1.25 on March 7, I sold half, and after falling below 0.755, I added more EOS. The overall trend of the coin circle is currently in a correction phase, so friends who have not entered the market can take this opportunity to enter. Specific operations should be based on real-time market data. For more information, please consult the author. The publication of the article is delayed, and it is recommended for reference only. Please bear the risks.
The EOS Foundation was launched in 2017. The purpose of EOS is to create a secure, efficient, and scalable blockchain platform to support the development and operation of various distributed applications.
First of all, several reasons for holding EOS as understood by the Coin Circle Scholar, after all, as a well-established cryptocurrency, EOS's strength is quite good.
Powerful infrastructure and ecosystem: EOS has a large developer community and ecosystem that supports the development of various decentralized applications (DApps), laying the foundation for its long-term development. At the same time, EOS has high scalability and performance, which can support the operation of large-scale applications.
Governance model: EOS has a unique governance structure, where token holders can participate in network decision-making and governance, which helps maintain the stability and development direction of the network and increases investors' confidence in the project's future.
Technical strength: As a cryptocurrency based on blockchain technology, EOS's technical strength and continuous technological innovation are important factors for its long-term holding. Continuous technical upgrades and improvements can enhance its competitiveness and attractiveness.
Wide application areas: EOS's applications are not limited to the digital currency field, but can also be applied in finance, supply chain management, games, and other fields. This diversified application scenario provides EOS's long-term holders with broader development space.
Market recognition and trading volume: As a widely recognized cryptocurrency, EOS has high market visibility and trading volume, providing holders with better liquidity and trading opportunities.
Prosperous DApp ecosystem: The DApp ecosystem of EOS may become more prosperous, bringing forth more high-quality applications, providing sustained momentum for the value of EOS.
Entry of institutional investors: With the gradual increase in acceptance of the cryptocurrency market by institutional investors, EOS may attract more large financial institutions and listed companies for strategic investment or cooperation.
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