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.
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 !!...
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...
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.
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...
$EDO Sitting at ATL BTC support at around 1k Sats...
UCTS Printing a buy signal on the daily chart after 50% drop...
RSI moving out from oversold & starting to rise
Volume for now looks low, I would like to see a break above ~1170sats as confirmation.
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.
edousd has been in an accumulation phase for a very long time and should start to rise in the next few days/weeks. the increase in volume in the last few weeks is remarkable. i consider this a long term trade and a price target is definitely the 3 dollar mark.
this is not a trading advice, you trade at your own risk!
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...