Daily Bullish Signal $EDO #EDO #EDOBTC (17 March 2019)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Eidoo
Bearish flag in play...Bearish flag could be in play.
Currently sitting at EMA100 very close to EMA200.
If this level doesnt hodl. We will probably see a drop to ~1800 as first target and ~1700sats as second target.
For now wait for chart to reveal itself.
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.
Sell when you get some profit, according the way you trade.
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Buy Price: Green Zone
SL: Red Zone
Profit: Blue zones
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 50 Percent
There is a trading opportunity to buy in EDOETHTechnical analysis:
. Eidoo/Ethereum 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 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004840 to 0.004270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004840)
Ending of entry zone (0.004270)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.005180
TP2= @ 0.005475
TP3= @ 0.005829
TP4= @ 0.006309
TP5= @ 0.007110
TP6= @ 0.008220
TP7= Free
Daily Bullish Signal $EDO #EDO (30 Jan 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
A trading opportunity to buy in EDOETHTechnical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
A trading opportunity to buy in EDOETHTechnical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
preparing a hot cup for octoberthis is what it looks like to me.
50ma crossing 200ma, prices are down overall and the only other way is to go up.
this is my next setup.
we´ll see how it develops over the next couple days.
this is not a trading advice! you trade at you own risk!
A trading opportunity to buy in EDOBTCTechnical analysis:
. EIDOO/BITCOIN 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 62.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0001162 to 0.0000968). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001162)
Ending of entry zone (0.0000968)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0001479
TP2= @ 0.0001801
TP3= @ 0.0002058
TP4= @ 0.0002316
TP5= @ 0.0002681
TP6= @ 0.0003149
TP7= Free
A trading opportunity to buy in EDOBTCTechnical analysis:
. EIDOO/BITCOIN 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 62.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0001162 to 0.0000968). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001162)
Ending of entry zone (0.0000968)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0001479
TP2= @ 0.0001801
TP3= @ 0.0002058
TP4= @ 0.0002316
TP5= @ 0.0002681
TP6= @ 0.0003149
TP8= Free
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 VS Bitcoin yet to hit Downside TargetEidoo has been steadily declining since the end of April when price has reached 3143 satoshis high. Since then EDO already lost to BTC over 50% and it seems that the downside momentum hasn't ended yet.
EDO/BTC has formed a strong resistance at 1655 satoshis, that has been rejected multiple times, with the latest bounce occurred on the 7th of July. Price continues to move down within the descending channel and could be heading towards the lower trendline.
Fibonacci applied to the First corrective wave of the descending channel shows that the strong support is located at 1180 satoshis, that is 327.2% Fibs. This could be the first downside target for Eidoo, but if broken, next support is seen at 1000 satoshis psychological level.
All-in-all the support area is between 1180 and 1000 satoshis where the downtrend could be ending. But at the same time the upside reversal could be the case, but only if price manages to break above the 1655 satoshis resistance.
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!
Eidoo VS Bitcoin To Form Double TopEidoo seem to be forming a head and shoulders reversal pattern. The current support is clearly at 2100 satoshis, which also was a support back in the beginning of February. Now it could be the time when EDO/BTC is forming the right shoulder and if that is the case a correctional move down could take place.
Nevertheless, the trend now seems to be bullish and price could continue moving up without a correction. The upside target is seen at 727.2% Fibonacci retracement level that is a potential double top, near 5k satoshis area.
On the downside, it is unlikely that the downtrend will continue, although as has been already mention, a correctional move down is possible to complete the H&S pattern.
