#EOS gave a good move out the from the supporting uptrend line and from the downtrend resistance line too. Price and a high of $1.60, which is 15.92% in profit. We recommend to book some partials out there and moving stop-loss to breakeven.

Here's the analysis of #EOS :

#EOS build-up a strong level of resistance at $0.95 - $0.96, which is noe the strong support. Price give a strong breakout and support will be potential retest area. Next strong resistance is around $1.10 and $1.21. Expecting a move till there as per market conditions. Don't just jump in to entry, wait for the proper rejection candle on 1H and 4H.

#EOS failed to retest back to thr support support and pushed higher where we anticipated the price move. Now, this failed retest will act as liquidity for manipulation, so there's will be still valid buys if price return back. Alternatively, Around, $1.00 will be potential retest zone for this continuation move.

#EOS cand back to the retest area but not that deep down, which were expecting. Price currently forming a triangle pattern, in which price rejects from the resistance line. There's is very less range price to move up, if breakout is on upside. Break below can open the opportunity for short-sell 📉. Keep stops orders accordingly.

#EOS moved perfectly with the market. Price broke below the triangle pattern and given a smooth drop in our favor around 5.9%. Market is bit choppy, so scalping is highly recommended. Price already reaching strong support, so lock-in your profits.

#EOS hit the zone as expected and i hope you lock-in the final TP. Price took a bounce from the support and hit the flip level around $1.01. If price breaks above it the we could see potential upmove till $1.06. A rejection will send it till $0.91 support.

#EOS rejected from the resistance zone and as the expected price comes down to the support level. Price is now testing the support level and we could see a bounce from this level again. You can try small long positions with tight stop loss.

What is Delegated #DPoS(Proof of Stake) ?

Delegated Proof of Stake (#DPoS) is a consensus algorithm used by some blockchain networks to validate transactions and create new blocks in the chain. In DPoS, token holders elect a group of nodes, known as "#witnesses" or "#delegates," to act as validators and create new blocks on behalf of the network.

The voting power of each token holder is proportional to the number of #tokens they hold, and they can use their tokens to vote for their preferred witnesses. The top-ranked witnesses are then selected to create new #blocks, with each block being #verified and approved by a certain number of witnesses before being added to the #blockchain

#DPoS is designed to be a more efficient and faster alternative to Proof of Work (#PoW) consensus. In #PoW, miners compete to solve complex mathematical puzzles to create new blocks, which requires significant computational power and consumes a lot of energy. In #DPoS, the block creation process is delegated to a smaller group of validators, which reduces the computational requirements and #energy consumption of the network.

#DPoS is used by several blockchain networks, including #Steem, #BitShares, and #EOS. However, it has been criticized for being more #centralized than other #consensus algorithms, as the power to validate transactions and create new blocks is concentrated in the hands of a small group of #witnesses or delegates.

Here is the analysis of #EOS:

Price broke the descending triangle with the big red candle. There may be a possible retest of the $0.817-$0.833 level and this is the zone for short selling. Wait for some time for better opportunities.

Here's the Analysis of #EOS :

#EOS is been build-up an support zone around $0.562 - $0.570 and kinda consolidating between the resistance area of $0.620 - $0.626. Well, that's a pretty huge range and have to wait for the price to break either side. Buys have very small room to go so wait for shorts.

Here's the Analysis of #EOS :

#EOS is been rejected from the support area and around $0.63 - $0.64 and rejected for a major resistance area of $0.88 - $0.90. Now, a minor retracement are expected back to $0.77 and lower for potential buys, but a high probable buys will come above the major resistance area only so play it accordingly.