Exchange : Binance
Buy Zone: 0.000052~0.00005
Target Point: 0.0000576 / 0.0000629/ 0.0000679/ 0.0000719/ 0.0000834
Term: Middle - Short
If you`re Risktaker, you`ll like it
It`s moving in Up Trending Channel, and The Volume is almost down
It`s time to pumping !!...
Eidoo (EDOBTC) just challenged EMA50 at 0.00004070 and is trying to move higher. This is marked on the chart with a magenta dashed line.
If this level is broken, EDOBTC can easily move higher as it is shown with the first green arrow.
If it fails to break the resistance, it will need to move lower before trying again.
The RSI is really strong at 60.80.
Prase be to thie mystical beaest.
EDO has morped into a capture and he's got a gun!
could this be the catalyust needed to buy and send EDO on it's long over due space mission??
High range targets of 2200 and 2600/ Rocket fuel would be required for those.
Targets $1.80 to $2.63
BTC's fiery rise and fall at the end of June delayed Alt season for some coins.
In the case of EDO, by about 2 weeks or so.
Price along trend line progression has become a cup and handle formation.
What to look at:
Do you see the thick orange line (top line) and the thick blue line?
When the blue line crosses above the orange line,...
EDOUSD could see $2 by August 1 2019
Could July be the month alts catch up to BTC?
EDO's USD price is clearly on a run, all though that has more to do with the rise of bitcoin's price.
If the current trend (blue arrow line) remains intact, it leads right to $2 by August 1.
EDO loves to post shooting stars however, so it's likely the $2 price target is hit...
Looking at EDOUSD today. We can see a golden cross is printing with today's candle. This is typically a very bullish indicator and the last golden cross on the 4 hour saw a nice rally in price.
Previously, the 50 day crossed the 100 day on June 13th. (bullish)
Price could potentially reach $1.64 very soon on a significant pump.
Expected time frame is before...
Not financial advice and all that jazz.
EDO is an interesting coin for it's wallet/exchange hybrid platform.
Overall, Bitcoin Dominance has broken, alt crypto cap is looking ready for it's next pump.
EDO, along with all alts, will get pumped along the way.
Quite possible it bounces today or tomorrow. Could also fall to 960 first too. Bottom indicators show...
EDOBTC has some work to do. There are some positive Moving Average signs across many Time Frames. Here are some levels that will likely provide some resistance to Bullish Momentum. It would be in the interest of Bulls to defend a shift in the structure as well as the EMA and MA.
Eidoo (EDOBTC) is printing a very strong bullish candle on the daily time frame and is becoming very promising when looking at it longer-term... Let's start with the daily.
Here we can see how EDOBTC started to move up steadily to finally reach a climax and produce today's breakout.
Volume going higher.
$EDO Trying to push against resistance at ~9650sats, volume is low so wait for a break above it and a potential flip R/S..
UCTS Buy signal active on the daily.
Volume is decreasing and candles does not look very strong but as it hodls ascending trendline its valid.
On the daily, we can see some bullish reversal potential.
5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness.
Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it.
Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will...