Hello guys, welcome to this analysis on Edo,
Looks like Edo has formed a huge inverse head and shoulders, broke at the neckline and came back to retest it and after a had a massive run after that and it appears that it's creating a bull flag for continuing the run.
You can see that the moving averages have tied together which is a bullish action, as well as the bullish crossover on MACD and amazing volume.
The target of the small bull flag, if it breaks up, will be around 2.8k sat and the target of the inverted head and shoulders will be around 3.5k sats.
another good thing about this chart is it doesn't have much resistant on the way up there is gonna be 1 major resistant in the way at around 2.9- 3 k sats.
Good luck trading
Looks like Edo has formed a huge inverse head and shoulders, broke at the neckline and came back to retest it and after a had a massive run after that and it appears that it's creating a bull flag for continuing the run.
You can see that the moving averages have tied together which is a bullish action, as well as the bullish crossover on MACD and amazing volume.
The target of the small bull flag, if it breaks up, will be around 2.8k sat and the target of the inverted head and shoulders will be around 3.5k sats.
another good thing about this chart is it doesn't have much resistant on the way up there is gonna be 1 major resistant in the way at around 2.9- 3 k sats.
Good luck trading
Comment:
Comment:
working okay so far.
Comment:
Comment:
works amazing so far hit our measured movement with extremely high volume,
got sold off into the resistant but its ok it's doing amazing. really good volume.
got sold off into the resistant but its ok it's doing amazing. really good volume.
Comment:
Comment:
we had a rally that died really fast duo to btc s drop last night, but we are good to continue the support at 2550 sat held strong. we are ready for next move.
Comment:
Comment:
Comment:
nice daily chart really good volume
Comment:
up trending but need more volume.
Comment:
2nd target achieved, take profits.
Comment:
3rd target achieved. I expect it to stop here and make a base in form of a cup and go for the last target.
Comment:
Comment:
as I said. it stopped at our target and wicked back down.
it needs a retracement to create a larger base probably in form of a cup.
I expect the bottom of the cup ends up on the green box at the previous support area and higher than the previous low.
it needs a retracement to create a larger base probably in form of a cup.
I expect the bottom of the cup ends up on the green box at the previous support area and higher than the previous low.
Comment:
Comment:
this retracement will make Edo ready for one of the most dynamic swings that it gonna have for now and I expect it to get us up to 4510k area.
Comment:
that green box can be a very good buy zone
Comment:
Comment:
as expected. ;)