EDO is a sleeping giantEDO is only held back by BTC, and it can go as low as a double bottom but the whales have shown the resistance is no big deal to them as every buy volume has spiked through the ichi cloud with small consolidation on daily timeframe. the next time EDO takes over EMA200 there can be a great risk to reward ratio following this SL & Target strategy.
Order books currently showing (500x2 Orders)
Buys 36709680 78.59%
Sell 10002499 21.41%.
Edolong
EDOBTC formed bullish Cypher | Upto 62% potentialriceline of Eidoo / Bitcoin cryptocurrency has formed a bullish Cypher and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00003742 to 0.00003201
Sell between: 0.00004170 to 0.00005195
Regards,
Atif Akbar (moon333)
