Good charting. Is this current price movement predictable because of fibonaccio retracement levels, or is it because of the recent bad news?

I heard something about the EOS blockchain being tested by hackers prior to launch, and they located a bug which the hackers successfully exploited to totally screw up the current EOS test environment. It is good that the code is being tested in this way prior to the official launch of the blockchain because, what seems like "bad news" to most is actually good news to me: they are thoroughly testing EOS's code to improve security, remove bugs, and ensure strong security with their blockchain launch.

However, I believe this is what caused a termporary "FUD" environment and led to the current price decline. It's one thing to do the TA and know where levels of resistance and support lie, yet quite another to figure out the "why" of the movement. Both points of information are vaild and need to be considered.

In my opinion, this pullback - which I believe will be very short lived - provided me with a great opportunity to "buy the dip" and go longer on my EOS position. I did just that.

I gave you an upvote and a resteem.