Industry news:
Block.one, the firm that developed the EOS.IO software, won't be using the public EOC mainnet to launch its cryptocurrency-powered social media platform Voice.
According to the company's frequently asked questions page, Voice will instead be using a "purpose-made EOSIO blockchain." In time, the page adds, it hopes Voice will "leverage the EOS Public Blockchain."
Technical analysis:
BTC has been trading downwards. As we expected, the price tested the level of $8.440. I found that the level of $8.440 is critical pivot level for BTC and further direction.
In case of the downside breakout of $8.440, watch for selling opportunities on the rallies with the main target at $7.725.
In case of the rejection of the pivot $8.440, watch for buying on the dips with the main target at $9.000.
MACD oscillator is still showing positive reading above the zero.
Resistance level is seen at the price of $9.000
Main support pivots are set at $8.440 and $7.725
