EDO/BTC TREND ANALYSIS AND PRICE FORECAST| FEB 9 | for BITFINEX:EDOBTC by coinauthority_official

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EDO/BTC broke out of a long down channel and made a high of 32k sats. After doing some correction, the price is moving up back again and we can see a short term break out which can continue the upside trend. RSI has turned bullish while MACD is also showing a bullish divergence.

TRADE SETUP

BUYING RANGE : 31K SATS AND BELOW
STOP LOSS : 27K SATS
TARGET : 36K, 42K SATS

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DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.

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