Timeframe: 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...
EDO/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...
Fundamentally, 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,...
EDO/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...
Potential upside movement from abovee 1.6000.
Overall 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.
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...
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...
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...
Ignore Time frame I see the Ascending triangle with false breakdown which forms the edge of the mug Terms: few days - week
Eidoo: Fundamental: The initial trade price was 4.51USD on Oct. 20th (according to coinmarketcap.com). Also Eidoo is destroying the tokens from December 14, 2017 through January 8, 2018 which will help Eidoo decrease the overall number of tokens available on the market. Technical: EDOUSD found its bottom, Volume is coming in and the pattern is nearly complete,...
A nice Cup and Handle in formation. Target 1 is $5.4 . Assuming BTC don't crash out of nowhere.
BITFINEX:EDOUSD Exit price target is $5 by the end of December
This is a coin that is currently in accumulation phase (DMI ranging between 15-25 with no strong momentum) with a healthy volume profile between 2 USD and 2.45 USD (resistance). It has a bullish bias in the form of higher lows (partly due to Bitcoin's surge above 8k). Be wary of using chart patterns as it can give false breakout signals; DMI comes in handy to...