EDO/BTC (Consolidating before resistance)EDO/BTC
-since last May 10, cross ultimate indicator's signal is Long priority
-the price pump over 170% to the recent top
-currently, facing an area of resistance
-and maintaining a series of higher lows
-bulls still have control of the market trend
-but to keep the uptrend going
-they must break the resistance at 6000s
-hold above 6k sats and target the next daily resist at 8400s
EDOETH
EDO/BTC (Another Leg up?)EDO/BTC
-cross ultimate indicator signal priority is Long
-the price reached the mid resistance twice
-there is new minor resistance at 3960
-if this candle closes bullish today
-we might see another leg up
-next resistance is located at 5700s
EDO/BTC (Potential trendline breakout?: up to 60% profit target)EDO/BTC
-testing downward trendline resistance
-holding 50ma and 20ma as dynamic support
-the green area is our new support must hold
-if the trendline is broken
-upside target is up to 2600 sats
-ideal stoploss below 1500 sats
EDO/BTC (Potential Bullish Breakout: up to 80% profit)EDO/BTC
EDO is showing some bullish action as the price is trying to break this descending channel.
If EDO can close this daily candle with an engulfing bar. We could expect another follow through the next day.
The potential buy zone is when the pattern is broken and the retest of the previous trendline resistance.
The stop-loss is below the daily candle close to providing enough room for sideways action.
EDO/BTC TA Update (Bulls ready of upside action?)EDO/BTC
EDO is starting to make a move, price is already trading above the 100 Day MA. If the candle can close above 100 MA tomorrow,
Expect further momentum to the upside as Bulls have stepped into this market now.
EDOUSD - BREAKOUT WILL HAPPEN!Hello guys, by EDOUSD we can see that it is very near to a strong support on Binance, witch is a good opportunity to buy. I could find a pattern in EDO, we can clearly see with that circles i drew! Also, i found a channel pattern( i drew it to on the chart too). Pivot Extension is pointing an entry right now on EDO!
See me previous analysis and how profitable they are, we had over 130% in december/2018 and in junuary reaching almost 160% profit, with proven trades in tradingview. Our free channel is used for free profit trades and knowledge for our members, join and share with your friends.
Sell when you get some profit, according the way you trade.
Keep following us and please like this idea.
Any doubts? Send in the comments or in our telegram.
Thanks for visiting.
Buy Price: Green Zone
SL: Red Zone
Profit: Blue zones
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 50 Percent
There is a trading opportunity to buy in EDOETHTechnical analysis:
. Eidoo/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004840 to 0.004270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004840)
Ending of entry zone (0.004270)
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= @ 0.005180
TP2= @ 0.005475
TP3= @ 0.005829
TP4= @ 0.006309
TP5= @ 0.007110
TP6= @ 0.008220
TP7= Free
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
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
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!
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/ETH potential breakout tradeEDO is a token platform that has a vision to host ICOs via its wallet. It has been retracing for a while in ETH value and has seem to hit its bottom after bouncing up. Ignore the long wick recently as it was probably a bunch of stop losses being triggered by a whale to get rid of some weak hands. The MACD looks bullish and the RSI is steadily increasing without a sharp spike. All this is observed on the daily so we are talking about a long plan here. Once the trend is confirmed by breaking the 23.6% fib level at 0.00338 you can buy on breakout with a tight stop loss a little below the fib. The EDO/BTC chart does not look so promising due to the surge in BTC price but luckily there are tokens that are traded as ETH pairs and this is one that looks to be trend reversal to the upside.
Most breakout trades usually hit the 50% fib where it hits its first major resistance. You can take profits here just to be safe and have a re-buy set lower if you want or just sit and wait until it plays out. This project has very ambitious goals and already has a mobile wallet that is functional and working perfectly fine.
As always, do your own research! This is not financial advise and I am not a financial advisor! This is just a trade idea and it is always important not to invest more than you are willing to lose. Happy trading and good luck to all!
