EDO/BTCMoving in up trend channel. News is coming and i expected it will broke this channel and it will go to 161.8 level fibonacci. Airdrop in january 12 and january 31
EDO
Cup and HandleA nice Cup and Handle in formation. Target 1 is $5.4 . Assuming BTC don't crash out of nowhere.
A continuation of EDO bullish trend [LONG]BITFINEX:EDOUSD
Exit price target is $5 by the end of December
EDOUSD - How to TradeThis is a coin that is currently in accumulation phase (DMI ranging between 15-25 with no strong momentum) with a healthy volume profile between 2 USD and 2.45 USD (resistance). It has a bullish bias in the form of higher lows (partly due to Bitcoin's surge above 8k). Be wary of using chart patterns as it can give false breakout signals; DMI comes in handy to avoid fake breakouts. Safe entry is above 2.48 USD with profit targets at 2.8, 3.1 & 3.9 USD.
FA side:
Pros:
Smart incentivisation model for token holders to not suppress price by flooding the markets.
Working & slick product with 100k+ downloads on Play Store.
They have an ICO Engine which has a lot of cross-marketing potential.
Good community management and communication
Cons:
Product is a glorified wallet for now. Plenty of competitors with more developed modules (dapps, decentralized exchange and asset management tools)
Happy trading.
EDO takeoff / first pumpEDO broke downtrend and retested it - clear skies ahead with no reason for sell pressure.
Website looks epic, and with Ethereum takeoff a great wallet should take off too, not to mention all the rest.. do your research
eidoo.io
