Well that didn't work out. EDO broke down instead of up with BTC's mythical golden cross.
The good news for EDO is it's throwing some heavy buy signals. Based on a convergence of multiple fans and applying some fib time, EDO looks like May 14/15 for a break out.
Or break down again. This coin is tricky.
Gan Fann, when combined with Fib time lines help us estimate the likely time and price points breakouts can occur.
The tricky part with applying fanns however is they get messy quickly.
Four fans are displayed in this example.
What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st.
One way this...
1450 - 1500
Notes: After a massive BTC pump (+ 16% in less than 1 hour) that caused a dump in all the altcoins, several began to recover, we observed a good point of entry in the daily EDO support.
I'm liking EDO rn. But I don't have a confirmation to buy yet.
- The Daily looks excellent, strong Bull-Div
- 12Hr is being held down by the Tenkan, but it is now in a tightening range
- 3Hr showing the same; Sideways action, If we get above the Tenkan we could use it as launch a launch pad to get through the clouds
Could see a move of 15-80% if we can confirm a...
Little bit more to go.
Red box is the target.
Expected reversal (bullish) in 45 minutes. Could also swing in the opposite direction before resuming up.
Maybe an hour and 45 minutes for this to start. See time Fib line #5
According to this mini wave of Fib.
Looks pretty oversold here.
This coin likes to pump and form long wicks, making profits or losses occur very quickly.
I'm thinking the next 24-48 hours but could be delayed by a week. Low volume coin.
Price bounced perfectly off the .618.
Lots of indicators flashing buy, even on the daily now.
Targets are the boxes in order of difficulty. Blue is my tippy top...
Waiting for breakdown 0,00024000, open the long
BUY: 0,00017480 - 0,00017500 SL: 0,00017390
BUY: 0,00017150 - 0,00017200 SL: 0,00017050
SELL 1: 0,00019510
SELL 2: 0,00021450
SELL 3: 0,00023950
Forecast relevance is five day