DAO Hacked?

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The DAO raised over $100M USD and is the largest crowdfunded project according to wikipedia, yet somehow it is being attacked. I am more of a chart person than a technical person, but it is baffling to have over a Hundred Million Dollar bankroll and your not prepared for everything. If someone is “stealing” coins and dumping then it could go on for a fairly long time. This is all really too bad because the chart was acting very bullish. However when the attack stops the snap back of price will be very profitable. Watch The DAO for an entry once the dust settles.


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Jun 17 2016

The DAO had a lackluster launch

Click Chart to Enlarge
Click Chart to Enlarge


The DAO had a lackluster launch and is currently consolidating. Price is hovering near the 78% FIB and is more than likely going to go down a bit to at least confirm a higher low. If you are bullish on DAO then this next dip is a key entry point. Bulls are looking for a higher low which finds support above the trend line.

May 29 2016

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