Long
EDO/USD false breakdown
Potential upside movement from abovee 1.6000.
Note
It seems like the crypto has made another false breakdown below the lower median line (LML) of the ascending pitchfork signaling a potential upside movement. However, the rate remains under pressure on the short term, so only a valid breakout above the upper median line (uml) and above the 1.5970 will signal a potential upside movement. It will become strongly bullish only after a valid breakout above the SL of the ascending pitchfork. The bullish perspective will be invalidated by a valid breakdown below the SL1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.