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.
EDOUSD
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.
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.
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Buy Price: Green Zone
SL: Red Zone
Profit: Blue zones
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 50 Percent
EDO long Play October 2018.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 range.
Using a SL as it could just as easily go against.
vs BTC
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 Long August 2018So 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 range using the volume profile and trendline to get the center then a pitchfork with fibs, its 78, 61, 50 - 50, 61, 78
Eidoo Hitting SupportOn 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 the descending channel.
It could be that this is the lowest price this year, and EDO/USD will start rising from this point onward, but only if the price stays above the support. Daily break and close below $1.19 should invalidate bullish outlook and could send price down to $0.65 support.
Eidoo Selling OpportunityTimeframe: 240M
Main Scenario: Price it has failed to stay and stabilize within the ascending pitchfork's body and now has made a valid breakdown below the outside sliding line (SL) of the ascending pitchfork. EDO/USD is retesting the median line (ml) of the minor descending pitchfork, so a false breakout or a rejection from here it will send the rate down again.
Alternative Scenario: A valid breakout above the median line (ml) and above the inside sliding line (sl) of the descending pitchfork will invalidate a further drop.
Entry/Stop Loss/ Take Profit: The rate could extend the sell-off if it will stay below the median line (ml) and if it will close below the 0.9003 level, so you can go short from below the 0.9000 psychological level. The Stop Loss can be placed above the former high, somewhere at the 0.9749 level and the Take Profit right above the 150% line, at 0.7114 level.
Duration: 3-5 days
Consolidation/Ratification level: You can drag the Stop Loss above the 0.9492 today's high if the price will make a valid breakdown below the 50% line of the descending pitchfork.
Warning Level: If the rate will fail to stay below the median line (ml), then a further drop could be invalidated and you should stay away from this crypto.
Risk Management: Risk/Reward Ratio: 2.31
Eidoo moves upEDO/USD has registered an impressive upside movement on the short term after the false breakdown below the lower median line (LML) of the ascending pitchfork. The next target is at the warning line (wl1), so only a valid breakout will signal a further increase. We have a major upside target at the 50% Fibonacci line of the ascending pitchfork. It could approach it only if the rate will stay above the LML.
Doing it the wyckoff styleFundamentally, Eidoo is gaining more and more popularity. After putting out an working wallet app on the market, with integrated ico-enginge, the hybrid-exchange should launch in a couple weeks. Furthermore, their bitcoin wallet is in beta-phase and should be ready soon.
Technically, my point of view is this: EDOUSD hit the support trading range, and will, possibly, hit it again. On the chart, so far as i can decifer it, the accumulation phase is coming to an end, and EDOUSD will rise in value. My first target area is between 2 and 2.5 USD, in which, after correction, would be a perfect trading situation to take long term positions.
This is not a trading advice!
Good luck and happy trading!
EDO/USD could still reach the warning lineEDO/USD slipped lower in the last hours and could approach the 1.1120 former low. The drop was expected after the failure to stay and stabilize above the lower median line (LML) of the ascending pitchfork. The breakdown below the outside sliding line (SL1) has signaled a significant drop. Price is located below the 150% and it could still drop after a minor rebound. It could reach the first warning line (WL1) even if it will climb above the 150% line.
EDOUSD - I do EidooOverall structure of it is showing longterm trend towards a higher price. Bounced off s1 and daily pivot, riding this for a long term hold but putting under s1 in case my trade is invalidated.
Ready to be pushed by Bitfinex whales? Eidoo!Last week has been bad, but, the circumstances is perfect for a Finex run.
I am betting on Eidoo, and looking for 10-20x!!
Fundamental
On January 11 I told my trade group (Koinworld) about Eidoo (EDO). We got in at the fib line and saw a good push, sadly , the market brought it back down and we are back to where we started.
Aventus had to go, and I replaced my portfolio with Eidoo . (A finex coin for a finex coin) (My-Portfolio)
So what makes Eidoo a good buy?
For one, Bitfinex has finally opened up their registration process. New money should enter the exchange.
The problem is that they only opened up for people with 10k worth of FIAT or Crypto. That's not a crazy amount, but it definietely excludes a lot of the fishes . Which lowers my target expectations a bit.
Eidoo is on Binance as well, so considering the marketcap ( 115M ), it's looking very good on the exchange front .
Quote's from Eidoo website:
"We want to make only one application, extremely easy to use, and bring the crypto world to the end user; a bridge towards worlds that at this time, as a user experience, are not so close to one another."
That's the basic vision of the Eidoo team. They are not looking for some technical breakthrough.
They want to create the killer application that can unite mainstream users and the technology that crypto brings to the world.
"Facing an ever dynamic world, both in technology and application user-friendliness, no good solutions that exist can last forever."
When it comes to crypto and general technology you have to be open for change , and you have to be on top of it all the time. Always evolve.
If we have a look at Eidoo's roadmap we can see some promising stuff for this quarter, making this a very solid time to invest.
First off we have the Bitcoin Wallet , and then there's the hybrid exchange as well! Check roadmap. Some pump-worthy releases.
Recently Eidoo put out their ICO engine.
Where ETHLend did their funding ( right now they are twice as big in marketcap ), and we have Ubiatar launching very soon as well.
What's really cool about this is that Eidoo destroys 50% of its income, making the supply lower and Eidoo investment more attractive .
On Dec.14, Eidoo released the blog post, announcing the burn of 500k Eidoo ! That's only from ETHLend ICO , Aidcoin Pre-Sale and a few private sales .
Very impressive. If Eidoo keeps getting ICO's on their platform and attracts a larger userbase , we could see some serious supply being taken away from the market. This will automatically make the price go up over time.
Making a long story short. Eidoo could very well be one of the next big pumps . I'm taking this short/medium term bet.
Technical
The FIB I am focusing on here is the run from 7 December to 9 January . We can see the 4.618 goes to 25 USD , which would be about a 10x from Eidoo's sideways action at the bottom.
When it comes to crypto, 10-20x is the normal range from bottom to top on a pump.
I always like to be conservative when picking targets, so I am looking at the lower end.
Buy on trendline, and look out for heavy resistance at 10 USD.
EIDOO up trending Hi everyone,
Recent movement of Eidoo 116M $ to 133M $ Market cap. is also another indicator that this Ethereum token is on the rise which give us a good opportunity to make a profit.
First target is 0.0005-0.0005050, Ill keep you guys updated if I sense the next target.
"Eidoo is a blockchain-to-human interface simplifying the interaction between the blockchain and its users."
For those who are interested in knowing more about Eidoo please check out their website eidoo.io
This is my first post, I hope it is useful for you.
I am currently trying different methods and haven't settled on a specific format yet so please let me know what you guys think about this analyse on the comment section below.
EDO - Charts looking extremely good. 300% profit target!EDO has really good fundamentals as well! I think it's worth maybe 6x times current price especially when I compare it vs ETHOS, what has a 6x time higher marketcap.
Some fundamentals
- Multicurrency wallet with hybrid exchange and ico engine;
- They will burn 50% of the tokens with their profits;
- Their quite new but they already had a big ICO launched on their platform, called ETHLend;
- Another great thing is they will launch a debitcard service we're you can pay in stores with a creditcard directly out of you're wallet! That's great and something I will looking for.
- The coin is valued just 120m, is traded on Bitfinex and Binance.
Also good news today. There will be a new ICO launching on their ICO engine. The ICO is called Ubiater Play.
