After a strong sell to start the last two weeks, the cryptos now look like they are ready for the next bull run. EDOUSD is one of the best pairs a see with a long term consolidation period that it is ready to break out above previous ATH . (All Time High) BUY/HOLD from this entry. #BLESSEDPIPS
Trading 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...
Trading 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...
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...
Trading 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...
Trading 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...
Upon 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...
fib 61.8 - 78.3 resistance horizontal resistance rsi oversold volume divergence trendline resistance binance listing PNT token rsi divs on STF
Pretty 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...
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...
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 -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 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...
You 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...
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.
edo/usd seems to have found its bottom and in my opinion it looks like a solid entry point. developing a trend can take its time, so patience is an important investment factor. this is not a trading recommendation!
edousd has been in an accumulation phase for a very long time and should start to rise in the next few days/weeks. the increase in volume in the last few weeks is remarkable. i consider this a long term trade and a price target is definitely the 3 dollar mark. this is not a trading advice, you trade at your own risk!