pNetwork (PNT)pNetwork, formerly known as Eidoo (EDO), is an open-source multichain routing protocol for providing interoperability across a variety of independent blockchains; they claim you can bridge more than 50 assets among 15 blockchains such as Bitcoin, Ethereum, Polygon, Arbitrum, Litecoin and ...
Anyway, as we can see from the chart, PNT been descending for a while. It seems a big triangle pattern is formed and price is trying to break it upward. Let's see if this happens or not.
Eidoo
💡Don't miss the great buy opportunity in EDOUSDTrading 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 support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.4545
TP2= @ 0.4927
TP3= @ 0.5463
TP4= @ 0.6287
TP5= @ 0.7226
SL= Break below S2
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💡Don't miss the great buy opportunity in EDOUSDTrading 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 support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.4545
TP2= @ 0.4927
TP3= @ 0.5463
TP4= @ 0.6287
TP5= @ 0.7226
SL= Break below S2
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💡 Don't miss the great buy opportunity in Eidoo/BitcoinTrading suggestion:
There is a possibility of temporary retracement to suggested support line (0.0000176). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Eidoo/Bitcoin EDOBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.00002160
TP2= @ 0.00002540
TP3= @ 0.00002950
TP4= @ 0.00003360
TP5= @ 0.00004080
SL= Break below S2
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💡 Don't miss the great buy opportunity in Eidoo/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000176). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Eidoo/Bitcoin EDOBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.00002160
TP2= @ 0.00002540
TP3= @ 0.00002950
TP4= @ 0.00003360
TP5= @ 0.00004080
SL= Break below S2
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PNT/BTCI'm hunting for deals today! Next up is P Network prior to the migration from Eidoo, it had a super bullish run.
I'm using the EDO chart from Bitfinex, but the numbers are about the same on Binance. Hit the bottom of this trend line, again, may take some time but if seems like a place to long.
Don't miss the great buy opportunity in EDOBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0001). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EDOBTC 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 support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.000115
TP2= @ 0.000125
TP3= @ 0.000134
TP4= @ 0.000147
TP5= @ 0.000170
SL= Break below S2
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Don't miss the great buy opportunity in EDOBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0001). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EDOBTC 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 support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.000115
TP2= @ 0.000125
TP3= @ 0.000134
TP4= @ 0.000147
TP5= @ 0.000170
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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pNetwork token PNT: The next DeFi highflyer?The pNetworktoken PNT is the successor-Token of Eidoo. Since the beginning of the listing of PNT at Binance on June 22nd, the price has already risen by 100% (see monthly chart below). But given the hype surrounding DeFi, this could be just the beginning. Now pNetwork has announced a yield farming program called Steroids. This program is to run for one month and bring up to 10% return in the form of PNT. The program aims to attract new users, increase liquidity and fuel adoption of the entire pNetwork-ecosystem. Yield farming is a relatively new concept in the DeFi-area. This involves optimizing the use of capital by using different DeFi-products, so that the highest possible return is achieved. Given the low market capitalization of currently 42 million dollars, the increasing interest could very quickly translate into significantly rising prices. The main exchange of PNT is Binance, where the token is traded against BTC and USDT. At Bitfinex, PNT is also traded directly against the dollar, but the market there is slightly less liquid and the spreads are therefore larger. According to Coinmarketcap, the daily turnover was around 10 million dollars. By the way: The pNetwork-token PNT should not be confused with Penta, which have the same abbreviation with PNT.
Eidoo (EDO) has been trading on Bitfinex since autumn 2017. After the big price increase at the beginning of 2018, the price has been falling further and further in recent years, the token of the Swiss project has fallen back into insignificance. With the transition from Eidoo to pNetwork-token (PNT), this has completely changed. The value and use of Eidoo has been transferred to pNetwork and a new governance-token has been presented with PNT. So PNT is not a new token, but an upgrade version of EDO. This upgrade is the result of a collaboration between Eidoo and Provable Things, pTokens' main development team. In connection with the upgrade to PNT, there was a token burn of 28 million EDO, which is about one third of the total. As a result, about 80% of the tokens held by the Eidoo-project have been destroyed, leaving the majority of control in the hands of the community. At launch, 60 million PNT were distributed across more than 7,000 blockchain addresses. The pNetwork could become one of the largest DAOs (Decentralized Autonomous Organization) in the DeFi-area. The pNetwork DAO will be the governance system for pTokens. These pTokens serve as bridges between completely different cryptocurrencies. The goal is to unite a lot of, if not all blockchain communities.
Don't miss the great buy opportunity in EDOUSDTrading 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 support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.9900
TP2= @ 1.1500
TP3= @ 1.4200
TP4= @ 1.8000
SL= Break below S2
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. . . . . Please show your support back,
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Don't miss the great buy opportunity in EDOUSDTrading 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 support.
. The RSI is at 76.
Take Profits:
TP1= @ 0.9900
TP2= @ 1.1500
TP3= @ 1.4200
TP4= @ 1.8000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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$EDO or $PNT hits resistance after 1700% rallyPretty 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 swapping with $PNT, Binance just listed PNT, and after rally of 1700%, it could have a little break here. Sentiment is megabullish, as always right at resistance. I'm gonna go with the old rule "sell the news", with tight stop loss. Target not determined yet, but probably when I spot bull divergence on 30 min or 15 min chart.
Eidoo Going Bullish (Another Fake Breakdown)This is how I see Eidoo (EDOBTC) easily printing over 150% in growth.
First, EMA100 needs to be conquered.
The last low is a "fake breakdown". Meaning, prices only broke below support to hunt for stop-loss and remove weak hands.
We know this since we can see many altcoins breakdown just to quickly move back up with massive force and strength...
Daily, the charts can always change.
What seems bullish today, can change after a few candles close, that is why it is very important to build a plan/strategy before you decide to trade.
Yes, the chart is bullish, but what would you do if you buy-in and the price goes the other way?
Would you sell?
Will you hold?
By answering those questions, you will know what to do regardless of how the market moves.
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This information is shared for learning and/or entertainment purposes only. This is not financial advice.
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Thanks a lot for your support.
Namaste.
Eidoo Challenges EMA100, Up To 173% MappedEidoo (EDOBTC) is now challenging EMA100 (blue line) while printing really high volume... This altcoin pair can produce additional growth.
Looking at the chart above, I've marked the main two targets for this breakout.
The first one is sitting at 0.00004485 for 88% of potential profits.
The second target is sitting at 0.00006480 for 172%.
Conditions for change
If prices move below "SUPPORT", the blue dashed line, the above signals become invalid.
Make sure to have a strategy/plan before you decide to trade.
Thanks a lot for reading.
Namaste.
Eidoo EDO about to replicate rest of alt market - get in earlyYou 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 fib level @ 0.2704 indicated by the green rectangular box which is the first target.
Secondary target is the yellow rectangular box @ 0.3618 which is the larger fib retracement indicator level of 0.618
Only negative factor is the lack of volume which may come soon to confirm the bullish sentiment. A stop loss is 100% required on this trade.
Happy trading legends!
HTBB
LONG: EDO (EIDOO)soon wallet integration with some Mobile PhoneTHIS IS A BIG PICTURE:
Looks like this is a undervalued gem. ICO Price was 2.3% (now 0.2$)
1-1.5$ should be ok
ZOOM: ON 4H MACD SHOWS BULLISH SIGNit's now a good entry point.
You can trade this coin on bitfinex with USD pairing and with longs/shorts.
That's make it to a serious investment.
Atomic Swap, Exchange, Wallet and many other working features.
good luck.
Solid entryedo/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!
Eidoo Can Grow 230%+? Chart Analysis W/ TargetsLooks like Eidoo (EDOBTC) is about to move up. It is building up momentum... It can move within just 2 weeks.
All the details are on the chart.
The targets are colored magenta.
The support levels are red and blue.
Namaste.
------
This is not financial advice.
Today`s ALT!!! EDOBTCBINANCE:EDOBTC
Exchange : Binance
Coin: EDOBTC
Buy Zone: 0.000035~0.000033
Target Point: 0.0000365/ 0.0000399/ 0.0000436/ 0.0000457/ 0.0000479
S/L: 0.0000325
Risk: HIGH
Term: Middle - Short
You should be careful in buying EDOBTC because of Bitcoin
It broke Big Falling Wedge
But there wasn`t Big Pumping
The Chart and RSI have similar Up Trending Line
The Volume is almost down
It`s time to be pumping !!
=====================================================================
Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
=====================================================================
EDOBTC 4HEdo trying to break resistance for uptrend, on low volume. The butterfly pattern's d leg is H&S target.. Good luck&break a leg!!