Long

EDG / BTC potential breakout

Updated

EDG signs are looking strong. Long accumulation zone + MA cross + MACD indicate a potential start of a new strong Elliot Wave cycle to previous highs. This is also dependent on BTC/USD performance, so take it slow, secure profits and let the winners ride.

Note

BTC falling pretty much cut the wings on most alts. Don't despair. We have 2 options:

1) the simple classical solution: HODL! It will surely come around.
2) buy more at support levels if you are willing and able to invest more money. this way you get to decrease your average buy price and get into a more comfortable position, easier to hold.

Note

(1) reached, (2) reached. Next wave could probably higher, at around 33k sats, since 1 was a bit higher than predicted.

Note

New analysis, based on recent move:

adi0149

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