EOS Testing MAJOR Resistance Level As BTC Transactions SOAR!

7 апр. 2019 г.

With EOS’s Analysis, we see a big breakout coming here, we did see some good upside. As we
look at this USD chart we're looking at support at $4.30 finding that resistance right around that
$5.50 mark. There is a lot of upsides and bullish perspective and potential for the future price
action of this coin. Looking at the Satoshi value, we see the same exact thing very bullish as
we've gotten above the EMA and we're starting to trend up. We broke this major resistance and
got support at 9250 and we've got that target right around that that 316 area. Bullish RSI but we
might find some minor resistance along this area where we've already seen resistance at.
Bitcoin might go sideways for the next couple days and EOS can start heading up towards this
next target.

To wrap up this analysis looking at Bitcoin transactions per day chart. We're currently at
300,000 transaction per day mark and we're maintaining those levels actually approaching the
400,000 transaction per day mark. When bitcoin was at $20,000 it was around this area at the
same levels of daily transactions, what determines intrinsic value? it's the use case of an asset
or whatever you're trying to deem intrinsic value too. If we are seeing more use cases with
Bitcoin we are going to be seeing higher price levels. Ray Dalio the owner of one of the largest
hedge fund in the world stated that there's a market cycle every 10 to 12 years in traditional
markets and it's already been 11 years and as we're expecting a big market cycle, investors
want to hedge their money.