Here we go with EDO/USD - Daily.
How you can see from the chart above, price has touched the dynamic support at 1,65$ and has broken the resistence put at 1,75 $. Eidoo is a ethereum wallet for mobile with over than 100k download. It does coin burning with its ICO engine (advertising for ICO straight away on their mobile wallet). Eidoo has just made a 25% airdrop (till the end of April, so who wanted sell, has already sold) and will give another airdrop (this time 10%) for who has invested in its ICO. I think within the end of the month they will release their hybrid exchange that works on their wallet. They will burn token which will be earned by exchange.
So we have:
- Price has just spiked dynamic support at 1,65$ (TA)
- Price has broken static resistance at 1,75$ (TA)
- Who wanted sell his eidoo received with airdrop has likely already sold
- Within days Eidoo will release its hybrid decentralised exchange
- Eidoo does coin burn with his return from ICO engine and will do the same with return from Exchange
BUY ENTRY
Under 2 $.
While we are talking price is at 1,85 $.
STOP LOSS
If you want to put a stop loss here, I see 1,60 level as the best level. It is less than 15%.
I would not put a stop loss here. I will buy more if price reach the level above or if it reaches 1,40$. This trade is more for a medium/long term.
TARGET
2,60$ (short term)
3,10$ (short term)
3,50$ (short term)
4,50$(medium term)
6,50$(medium term)
10,00$(long term)
15,00$ (long term)
How you can see from the chart above, price has touched the dynamic support at 1,65$ and has broken the resistence put at 1,75 $. Eidoo is a ethereum wallet for mobile with over than 100k download. It does coin burning with its ICO engine (advertising for ICO straight away on their mobile wallet). Eidoo has just made a 25% airdrop (till the end of April, so who wanted sell, has already sold) and will give another airdrop (this time 10%) for who has invested in its ICO. I think within the end of the month they will release their hybrid exchange that works on their wallet. They will burn token which will be earned by exchange.
So we have:
- Price has just spiked dynamic support at 1,65$ (TA)
- Price has broken static resistance at 1,75$ (TA)
- Who wanted sell his eidoo received with airdrop has likely already sold
- Within days Eidoo will release its hybrid decentralised exchange
- Eidoo does coin burn with his return from ICO engine and will do the same with return from Exchange
BUY ENTRY
Under 2 $.
While we are talking price is at 1,85 $.
STOP LOSS
If you want to put a stop loss here, I see 1,60 level as the best level. It is less than 15%.
I would not put a stop loss here. I will buy more if price reach the level above or if it reaches 1,40$. This trade is more for a medium/long term.
TARGET
2,60$ (short term)
3,10$ (short term)
3,50$ (short term)
4,50$(medium term)
6,50$(medium term)
10,00$(long term)
15,00$ (long term)