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📈 Price Predictions
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EOS 2019 Price Prediction: It Starts Gaining Momentum To Reach $6 By April

  • Vera Yurina
    📈 Price Predictions

    EOS price prediction from TradingView experts: Reaching the bottom is a must

EOS 2019 Price Prediction: It Starts Gaining Momentum To Reach $6 By April
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

One of the top cryptocurrencies, EOS is always in the limelight. Famous EOS supporters make unrealistic predictions and put it on a pedestal, but traders have their own opinion. Let’s find out what amateur and professional analysts from tradingview think about the nearest future of EOS coin.

ForecastCity: Uptrend is beginning

This prediction is based on the RSI index that is at 47, and the 21-day price history showing a dynamic resistance. The guys from ForecastCity are sure that we should expect the beginning of an uptrend. However, there’s a possibility of EOS going into a support zone (from $2,2 to $1,55), so it’s a perfect time for traders to opt for short-term gains.

So, how to use their prediction?

Enter market

Do not enter the market

When the price goes in the ‘Buy Zone’, e.g. starts forming reversal patterns, such as "Bullish Engulfing", "Hammer" or "Valley".

The price goes in ‘Buy Zone’, but there are no reversal patterns.

According to this forecast, EOS price can ascend to $4.35 in the nearest time, and then go up to $6 or even higher.

EOS 2019 Price Prediction: It Starts Gaining Momentum To Reach $6 By April

Bionicol: EOS is looking to catch a breakout

Having started watching EOS since the end of 2018, this user applies an analysis based on Fibonacci and distance instead of price levels. Recently, EOS has been through bullish impulses. What should we expect?

Potential target of the second arm is the same percentual loss of the first arm (80% over 114 days). Target ca. 1.20 dollars for 1 EOS on the 1st of March.

After reaching this bottom, EOS should start soaring. Bionicol bases his assertion on four facts:

  1. Channel resistance is formed by ATH.
  2. The base starts from ATL.
  3. Cypher like formation on the log-chart with the pivot point of the cypher at 0.236 retracement of the XA = 1.2
  4. Mid-channel support/resistance.

Thus, if EOS goes to 1.20 and starts making a reverse movement, we might enjoy a 500% gain during 45 days!

EOS 2019 Price Prediction: It Starts Gaining Momentum To Reach $6 By April

Coinlife: We’ll be able to get some EOS for cheap

According to Coinlife, we should keep an eye out for EOS. In March-May, it is expected to go to the support zone and fall to $0.8-1.2 – that will be the time for accumulation. So, probably, we should wait for some time and buy EOS in the spring while it’s cheap. There’s a chance that EOS will start gaining value in summer 2019.

EOS 2019 Price Prediction: It Starts Gaining Momentum To Reach $6 By April

It’s worth mentioning that the vast majority of EOS analysts on TradingView agree that it should reach the bottom soon, and the lowest low is about $1.5-1.2. Is it bad news? No, if you can wait. EOS is a strong cryptocurrency with large potential, it just needs time to fulfill it as many other digital tokens. So waiting a few months and investing in the Buy Zone might be a very wise decision.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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