Time to have a cup of..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, aiming at 6.33USD. There´s still time to go in.
Good luck trading!
EDOUSD
Cup and HandleA nice Cup and Handle in formation. Target 1 is $5.4 . Assuming BTC don't crash out of nowhere.
A continuation of EDO bullish trend [LONG]BITFINEX:EDOUSD
Exit price target is $5 by the end of December
EDOUSD - How to TradeThis 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 avoid fake breakouts. Safe entry is above 2.48 USD with profit targets at 2.8, 3.1 & 3.9 USD.
FA side:
Pros:
Smart incentivisation model for token holders to not suppress price by flooding the markets.
Working & slick product with 100k+ downloads on Play Store.
They have an ICO Engine which has a lot of cross-marketing potential.
Good community management and communication
Cons:
Product is a glorified wallet for now. Plenty of competitors with more developed modules (dapps, decentralized exchange and asset management tools)
Happy trading.
EDOUSD resistance on 2.4The chart shows major resistance on 2.4 and of course the support line seems to go upper in time.
If it can break 2.4 i think the next target should be 2.6.
Set Stop-loss on 2.2.
If support line break , it may go down to 1.8.
EDO takeoff / first pumpEDO broke downtrend and retested it - clear skies ahead with no reason for sell pressure.
Website looks epic, and with Ethereum takeoff a great wallet should take off too, not to mention all the rest.. do your research
eidoo.io
