EDOBTC BreakoutThere is a chance of a breakout soon. You can see a falling wedge is coming to an end.
EDOBTC
EDO PREPARING BREAK FROM FALLING WEDGE ? RIDE IT UPEDO/BTC BINANCE
Edo consolidating around 400-440 sats 2 weeks , volume is very low so be carefull with this trade it can jump easily 10-20% Up.
Macd and Histogram is turning bullish and I expect some move Up from pattern in matter of days.
Targets can be:
1) 485-500 sats
2) 520-550 sats
3) 580-620 sats
If it continue bullish
4) 650 - 700 sats
5) 800 sats
Stoploss : Can be placed bellow 381-385 sats
Good luck
EDOUSD to .81 to .86 - short 24hr tradeEDOUSD looks poised for a break out on the 4 hour chart.
Price is being squeezed between a trend line resistance and Gann fan support with multiple bullish indicators.
We shall see if our intreped, alien warrior can do any betterPrase be to thie mystical beaest.
EDO has morped into a capture and he's got a gun!
could this be the catalyust needed to buy and send EDO on it's long over due space mission??
High range targets of 2200 and 2600/ Rocket fuel would be required for those.
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
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.
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.
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.
EDOBTC - Work to Go..throughEDOBTC has some work to do. There are some positive Moving Average signs across many Time Frames. Here are some levels that will likely provide some resistance to Bullish Momentum. It would be in the interest of Bulls to defend a shift in the structure as well as the EMA and MA.
$EDO Trying to push against resistance at ~9650sats...$EDO Trying to push against resistance at ~9650sats, volume is low so wait for a break above it and a potential flip R/S..
UCTS Buy signal active on the daily.
Volume is decreasing and candles does not look very strong but as it hodls ascending trendline its valid.
#EDO
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.
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.
Update on EidooWell that didn't work out. EDO broke down instead of up with BTC's mythical golden cross.
The good news for EDO is it's throwing some heavy buy signals. Based on a convergence of multiple fans and applying some fib time, EDO looks like May 14/15 for a break out.
Or break down again. This coin is tricky.
$EDO reaching ATL BTC Range...
RSI entering oversold lvls
UCTS sell signal active on the daily..
For now it does not show bounce / reversal signals...
I will update as I see changes.
Edobtc TA using trend lines#edo(scalp)
buy - 1210 -1205
targets - 2% 5% 7% 9%
stop loss - 1197
NOTE - use 50% - 100% funds since its a scalp signal !!
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.