EDOUSD 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.
Prase 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.
Targets $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,...
Looking 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...
EDOUSD 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...
EDOBTC 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.
On 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...
Well 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.
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...
Going to play long on EDO here and this is for today only as bfinex goes on maintenance tomorrow and I wont have any open orders (except buy orders for NEO at $4 and ETC around 2 or 3 just to take a chance of grabbing something weird) You can see it has tested this line lots of times, should it break it target is $1.24 for 25% gains. $1.40 is the top of this...
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...
So I noticed this one a few days ago and looked again last night and seen that it had hit the top of the curve, when I was looking last it was a flat bottom, in hindsight I should of bought!. I think over the next day or two this will give a buying opportunity to go long and make some nice gains, probably 40% plus. Curving out of a downtrend Building a trading...
NOT Trading ADVICE! NO targets. Just Experimenting the flow of EDO.
On the 12th of May Eidoo broke below the uptrend trendline that has resulted in further decline. Overall, since April, EDO lost over 50% to the USD and currently is trading at the support level. The support is a 23.6% Fibonacci retracement level, applied to the uptrend trendline breakout point. That is $1.19 support level, which does correspond to the mid line of...