NeoButane

EDOBTC - Possible 4 day cup and handle creating handle now

BINANCE:EDOBTC   Eidoo / Bitcoin
Tools used: Fibonacci retracement/speed fan/channel
RSI: val             . 14 on the left, 28 on the right

It's a rather shallow cup but interesting to watch how it plays out anyways.

Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh             formation if we hit more than 50% retracement on the cup.

Exit: stop loss at 50% retracement on the cup, or if BTCUSD             is doing you dirty, or at around 3470 sats             . I would keep maybe 10-25% of the coins if it does actually break out to thsi region, as the cup is very shallow.

I wouldn't put too much stock into this, but definitely a good one to keep the eye on.
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