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EDOBTC

EDOUSD Update - Cup + Handle $2 targetTargets $1.80 to $2.63 BTC's fiery rise and fall at the end of June delayed Alt season for some coins. In the case of EDO, by about 2 weeks or so. Price along trend line progression has become a cup and handle formation. What to look at: Do you see the thick orange line (top line) and the thick blue line? When the blue line crosses above the orange line, that's hugely bullish and will likely be the catalyst for breakout. The price closing above the orange line will confirm price action. Fib time frames allow us to predict the likely time frame. This is probably going to happen sometime between July 12 and 15. (Not shown) multiple indicators at or approaching oversold levels. Targets are marked at the 1.618 and 2.618 lines with middle yellow target representing the Cup+Handle breakout point - $2 to $2.20. Eidoo loves to throw wicks so I wouldn't be entirely surprised to see it reach the 2.618 or $2.63 area. Either way, expecting a 100% gain from current price. Stop Loss $.75
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by jdharward
1
EDOUSD - Daily Golden Cross - BuyLooking at EDOUSD today. We can see a golden cross is printing with today's candle. This is typically a very bullish indicator and the last golden cross on the 4 hour saw a nice rally in price. Previously, the 50 day crossed the 100 day on June 13th. (bullish) Price could potentially reach $1.64 very soon on a significant pump. Expected time frame is before July 1 Some concern though. The bottom indicators (the lines) are all pointing towards overbought territory, which could cause the rally to be shorter lived.
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by jdharward
EDO/USD - $1.65 - $2 target by Aug 1 possibleEDOUSD could see $2 by August 1 2019 Could July be the month alts catch up to BTC? EDO's USD price is clearly on a run, all though that has more to do with the rise of bitcoin's price. If the current trend (blue arrow line) remains intact, it leads right to $2 by August 1. EDO loves to post shooting stars however, so it's likely the $2 price target is hit much sooner. Within 3 weeks from today - June 22 is possible. Other indicators: Price has closed above top orange line. Green crossed the lower orange line on the last pump and we are probably within 3 days of the blue crossing orange along with green crossing red. There was also a golden cross a few days back.
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by jdharward
EDOBTC - The bullish caseNot financial advice and all that jazz. EDO is an interesting coin for it's wallet/exchange hybrid platform. Overall, Bitcoin Dominance has broken, alt crypto cap is looking ready for it's next pump. EDO, along with all alts, will get pumped along the way. Quite possible it bounces today or tomorrow. Could also fall to 960 first too. Bottom indicators show still a bit overbought. I love Gann for it's ability to forecast fuiture support and resistance lines along with the timing of future swings. Gann, combined with Fibb retracement/advancement & Fibb timeline can when done correctly, that's the tricky part, pinpoint future swings.
ELong
by jdharward
Eidoo (EDOBTC) Gains Bullish Momentum (303% To ATH)Eidoo (EDOBTC) is printing a very strong bullish candle on the daily time frame and is becoming very promising when looking at it longer-term... Let's start with the daily. Chart: Here we can see how EDOBTC started to move up steadily to finally reach a climax and produce today's breakout. Volume going higher. The RSI is very strong at 63. Looking at the weekly time frame, the main chart above, we can look at primarily two scenarios: When you have this type of bullish action, we know that a strong bullish wave will come next and we get the following pictures. 1) Straight up and more up... This is done by most of the cryptocurrency markets when in bull run mode. 2) Retrace and then straight up. Whichever scenario happens, or a different one, trading can remain very simple and low risk if you have patience and can wait. Just buy and wait until your targets are hit. Use a stop-loss in case you get a different scenario (purple arrow), this way you are prepared for all outcomes and always know which action to take. Think and act, never react. This is not financial advice. Namaste.
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by AlanSantana
EDOBTC finally looking bullishOn the daily, we can see some bullish reversal potential. 5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness. Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it. Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will serve as resistance. Look for the price to definitively break out above 1000 sats to confirm the breakout. Once a break out occurs, it will probably spike high and quickly. Green box is the target, red box is the "would be nice". About a month ago when I was last charting EDO, I kept coming up with a date of May 26/27 based on the Fib lines. The price could rocket on 5-26. (Could also drop too) Guess we'll see. The bottom indicators on the 3 day chart show the coming rise better.
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by jdharward
2
EDO - Look for a break out in the next 7-8 daysGan Fann, when combined with Fib time lines help us estimate the likely time and price points breakouts can occur. The tricky part with applying fanns however is they get messy quickly. Four fans are displayed in this example. What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st. One way this could play out is we see a ramp up on 4/18, followed by another ramp up on 4/21. There's also a another fib time line, when measured from a different point that correlates with a possible peak in price on or around May 3rd. Let's see how this plays out.
ELong
by jdharward