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EDOUSD

💡Don't miss the great buy opportunity in EDOUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.3875). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Eidoo/Dollar 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 57. Take Profits: TP1= @ 0.4545 TP2= @ 0.4927 TP3= @ 0.5463 TP4= @ 0.6287 TP5= @ 0.7226 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
ELong
by ForecastCity_World
14
💡Don't miss the great buy opportunity in EDOUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.3875). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Eidoo/Dollar 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 57. Take Profits: TP1= @ 0.4545 TP2= @ 0.4927 TP3= @ 0.5463 TP4= @ 0.6287 TP5= @ 0.7226 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
ELong
by ForecastCity
16
DISTRIBUTION FRACTAL OR REACCUMULATION? I saw this types of distribution already, on the first glance it looks like a ascending triangle, but when you look closely you can see divergence building on the RSI. If you are about to enter short here, you gotta know that sentiment is still pretty bullish, but on the other side, that gives me more confidence in shorting PNT right now. ETH 2.0 event just acme in couple of days ago, so everything smells of "BUY THE RUMOR, SELL THE NEWS" kind of environment. You can be a buyer here as well, but that's on you. If you want to bet on the long side, risk window is to great for me to even think about longing PNT here after 1500+% pump already. Binance traders would be surprised if price dives back under the current lows, because they dont see a full chart and price movement. EDO was rebranded to PNT, but move is already too big for me to consider buying here. Great short opportunity with SL above ascending triangle (I expect stop hunt as well, but w'ell see). You can target .382 area as a safe target if this is the top. If you profit out of this idea, you can consider donation as a thank you. Be safe, and don't bet the house on this. Its a risky trade after all.
EShort
by AjnoudaSikret
Don't miss the great buy opportunity in EDOUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EDOUSD 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 76. Take Profits: TP1= @ 0.9900 TP2= @ 1.1500 TP3= @ 1.4200 TP4= @ 1.8000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
ELong
by ForecastCity
12
Don't miss the great buy opportunity in EDOUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EDOUSD 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 76. Take Profits: TP1= @ 0.9900 TP2= @ 1.1500 TP3= @ 1.4200 TP4= @ 1.8000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
ELong
by ForecastCity
14
$PNTUSD / $EDOUSD Watchout binance tradersUpon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal. Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter what the fundamentals are. 1. Trendline broken, possible fakeout, this whole area acts as a resistance, not a single line. 2. Rsi bearish div. 3. Double top formation 4. Tweezers top x2 (candlestick formations, usually signaling for a trend reversal because price cannot go higher or a lower than those wicks) 5. 78.6 fib retracement 6. M market structure broken, but only with the candle wick. Sign of support weakness.
EShort
by AjnoudaSikret
$EDO or $PNT hits resistance after 1700% rallyPretty good trade location for shorts. Right now in a pocket between 61% and 78% of a previous bear move. Bear divs on daily, and on 4 hour. We had 4h RSI breakout, and price action breakout, but it seems more like a fakeout, liquidating all shorts up there. Also price is now at the horizontal resistance, and upper fib channel. A lot of talk recently about $EDO swapping with $PNT, Binance just listed PNT, and after rally of 1700%, it could have a little break here. Sentiment is megabullish, as always right at resistance. I'm gonna go with the old rule "sell the news", with tight stop loss. Target not determined yet, but probably when I spot bull divergence on 30 min or 15 min chart.
EShort
by AjnoudaSikret
Eidoo EDO about to replicate rest of alt market - get in earlyYou can see EDO has started it's track to the 0.618 fib retracement level on the smaller fib retracement indicator, much like the rest of the alt market. The EMA 10 in blue has crossed the MA 21 in orange and also the MA 55 in purple and EDO is trading above all 3 of these indicators. The red horizontal line indicates major resistance which is also at the 0.618 fib level @ 0.2704 indicated by the green rectangular box which is the first target. Secondary target is the yellow rectangular box @ 0.3618 which is the larger fib retracement indicator level of 0.618 Only negative factor is the lack of volume which may come soon to confirm the bullish sentiment. A stop loss is 100% required on this trade. Happy trading legends! HTBB
ELong
by Pro_Trader_HTBB
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
ELong
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.
ELong
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.
ELong
by jdharward