Nick Szabo, who many believe to be Satoshi Nakamoto believe the combination of BTC future uncertainty, political opposition and a host of other crypto competitors precipitates recent volatility. However, as it is he thinks BTC prices would decline until we see stable growth. So, the underlying word here is decline and that’s why we should be selling EOS, Litecoin, Stellar, Tron and IOTA until the effects of USDT wane out.
EOS Technical Analysis
So in within five days, EOS Emergency Measure of Order protection and their Arbitration body the ECAF (EOS Core Arbitration Forum) led by one Sam Sapoznick who their stand in emergency arbitrator have since directed the network 21 block producers not to process transaction from 34 EOS public address until their individual cases are resolved
The resulting outcry, condemnation and praise have been equal and why not? EOS is tagging with in new approach to governance and it’s clear that EOS users have to contend with high network through put with a tinge of centralization courtesy of the new DPoS. This new arrangement means in-case an aggrieved party raise a concern and 15/21 block producers agree that there is irrefutable evidence and attestations supporting the complainant, account suspension would be automatic.
This new governance in combination with the market slide led to a 20 percent slide in the price of EOS in the last 24 hours. It’s also means our sell trades are live following that strong bearish engulfing pattern pushing prices below the main trigger line at $8. As such, our buy projection anchoring on June 14 bullish candlestick is now null and void. The only logical thing to do is to trade with the trend and sell with ideal targets at $4 or $5 on the upper side.