A trading opportunity to buy in EDOETHTechnical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
EDO
A trading opportunity to buy in EDOETHTechnical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
edobtcascending triangle on edobtc. blue line is the target. any price under the triangle ( candle closing) is stop-loss
EDO what's next !!BINANCE:EDOBTC After dropping down 80% + , Edo back and showing some positive pattern ..
Entry and exit marked on chart .. be aware any shake off happens with BTC , this trade will turn negative ..
Risk proper amount of your balance ..
Good Luck .. also join us for more ideas and trades setups at t.me
EDOBTCEDO/BTC
In local uptrend
Good volumes went into the coin
Located in the ascending wedge
Risky deal
EDO long Play October 2018.Going to play long on EDO here and this is for today only as bfinex goes on maintenance tomorrow and I wont have any open orders (except buy orders for NEO at $4 and ETC around 2 or 3 just to take a chance of grabbing something weird)
You can see it has tested this line lots of times, should it break it target is $1.24 for 25% gains.
$1.40 is the top of this range.
Using a SL as it could just as easily go against.
vs BTC
preparing a hot cup for octoberthis is what it looks like to me.
50ma crossing 200ma, prices are down overall and the only other way is to go up.
this is my next setup.
we´ll see how it develops over the next couple days.
this is not a trading advice! you trade at you own risk!
A trading opportunity to buy in EDOBTCTechnical analysis:
. EIDOO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0001162 to 0.0000968). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001162)
Ending of entry zone (0.0000968)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0001479
TP2= @ 0.0001801
TP3= @ 0.0002058
TP4= @ 0.0002316
TP5= @ 0.0002681
TP6= @ 0.0003149
TP7= Free
A trading opportunity to buy in EDOBTCTechnical analysis:
. EIDOO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0001162 to 0.0000968). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001162)
Ending of entry zone (0.0000968)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0001479
TP2= @ 0.0001801
TP3= @ 0.0002058
TP4= @ 0.0002316
TP5= @ 0.0002681
TP6= @ 0.0003149
TP8= Free
looking good to me....I'm bullish on this one and I'll explain why:
technical:
on the 1h chart the trend has now been rejected 3 times (see picture below)
on the 4h chart the moving averages show a strong correlation and could reverse the trend (see picture below)
furthermore, if you draw resistance lines, you can see that the course was rejected by both the lower and the upper resistance (wyckoff) (see picture below)
between october and november i see eidoo at about usd 2.8
fundamental:
eidoo begins on august 31 with the burning of tokens
This is not a trading advice! You trade at your own risk! DYOR!
EDO Long August 2018So I noticed this one a few days ago and looked again last night and seen that it had hit the top of the curve, when I was looking last it was a flat bottom, in hindsight I should of bought!. I think over the next day or two this will give a buying opportunity to go long and make some nice gains, probably 40% plus.
Curving out of a downtrend
Building a trading range using the volume profile and trendline to get the center then a pitchfork with fibs, its 78, 61, 50 - 50, 61, 78
Eidoo VS Bitcoin - Uptrend: The BeginningEidoo has formed a strong bottom at 1000 satoshis area, which is a strong psychological support. Price managed to go below, producing spikes lower and reaching 964 satoshis, although daily close failed to get below 1k satoshis.
While forming the support, RSI has produced a Bullish divergence, suggesting the potential trend reversal. The new Fibonacci Time Zone cycle has started and price jumped, breaking above the descending channel and the 50 Moving Average on a Daily chart.
The volume has increased substantially, support rejected, bullish divergence formed and EDO/BTC broke above the channel and MA resistance. All these facts is a strong indication that EDO should continue moving upwards, at least towards the strong resistance at 2680 satoshis. The resistance is confirmed by two Fibonacci retracement levels, one of which is 78.6% level. Break and close above the 2680 upside target could trigger much stronger growth, while if rejected, strong correction down is likely to follow.
At this stage downside risk is getting very low, but still exists. EDO might get back to 1k satoshis level prior to the rise, but only break and close below the previously established low would invalidate bullish scenario.
Eidoo Hitting SupportOn the 12th of May Eidoo broke below the uptrend trendline that has resulted in further decline. Overall, since April, EDO lost over 50% to the USD and currently is trading at the support level.
The support is a 23.6% Fibonacci retracement level, applied to the uptrend trendline breakout point. That is $1.19 support level, which does correspond to the mid line of the descending channel.
It could be that this is the lowest price this year, and EDO/USD will start rising from this point onward, but only if the price stays above the support. Daily break and close below $1.19 should invalidate bullish outlook and could send price down to $0.65 support.
Eidoo VS Bitcoin yet to hit Downside TargetEidoo has been steadily declining since the end of April when price has reached 3143 satoshis high. Since then EDO already lost to BTC over 50% and it seems that the downside momentum hasn't ended yet.
EDO/BTC has formed a strong resistance at 1655 satoshis, that has been rejected multiple times, with the latest bounce occurred on the 7th of July. Price continues to move down within the descending channel and could be heading towards the lower trendline.
Fibonacci applied to the First corrective wave of the descending channel shows that the strong support is located at 1180 satoshis, that is 327.2% Fibs. This could be the first downside target for Eidoo, but if broken, next support is seen at 1000 satoshis psychological level.
All-in-all the support area is between 1180 and 1000 satoshis where the downtrend could be ending. But at the same time the upside reversal could be the case, but only if price manages to break above the 1655 satoshis resistance.
$1k to $100k Challenge - Day 3 Trade #4 - EDOHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Trades this far:
Day 1 BTS: +5% profit
Day 2 VIA: +5% profit
Day 2 ADA: Pending
Alright, here we go with Day 3 trade #4
Starting Bankroll Day 1: 0.16 B
Bankroll Day 2: 0.168 B
Current Bankroll Day 3: 0.1722 B
I invested 0.089 B buying 611 EDO at 14580 satoshi
Sell target is: 15320 for 5% profit
Stop loss: 13850
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
EDO/BTC im lookin here for entry point , probably we will go up , theres bullish mac cross also starts bit more volume keep eye on this
Eidoo VS Bitcoin To Form Double TopEidoo seem to be forming a head and shoulders reversal pattern. The current support is clearly at 2100 satoshis, which also was a support back in the beginning of February. Now it could be the time when EDO/BTC is forming the right shoulder and if that is the case a correctional move down could take place.
Nevertheless, the trend now seems to be bullish and price could continue moving up without a correction. The upside target is seen at 727.2% Fibonacci retracement level that is a potential double top, near 5k satoshis area.
On the downside, it is unlikely that the downtrend will continue, although as has been already mention, a correctional move down is possible to complete the H&S pattern.
EDOBTC. Small trade.Small trade, profit will not be as high as previous operations, but I think it can go up and even quickly, the volumes are good.
I recommend keeping a low stop loss as I put in the chart, about 6%
EDO - small cap gem with big potentialWe have a nice bull-flag here on the EDO charts. This is a small-cap gem. Upcoming airdrop on May 8. Debit card coming this summer. This is a great project with tons of room to grow. I expect some more consolidation before another big move up. Do your own research, enter at your own risk. Small cap projects have big risk, but huge potential reward. Check out their website. I think this project has some great potential. If nothing else, we should see some sort of pump leading up to the airdrop. That being said, be prepared for a dump after the snapshot. good luck! Stop-loss!!
