Technical analysis: EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 69. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and...
this is what it looks like to me. 50ma crossing 200ma, prices are down overall and the only other way is to go up. this is my next setup. we´ll see how it develops over the next couple days. this is not a trading advice! you trade at you own risk!
Technical analysis: . EIDOO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There...
Technical analysis: . EIDOO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There...
I'm bullish on this one and I'll explain why: technical: on the 1h chart the trend has now been rejected 3 times (see picture below) on the 4h chart the moving averages show a strong correlation and could reverse the trend (see picture below) furthermore, if you draw resistance lines, you can see that the course was rejected by both the lower and the upper...
So I noticed this one a few days ago and looked again last night and seen that it had hit the top of the curve, when I was looking last it was a flat bottom, in hindsight I should of bought!. I think over the next day or two this will give a buying opportunity to go long and make some nice gains, probably 40% plus. Curving out of a downtrend Building a trading...
NOT Trading ADVICE! NO targets. Just Experimenting the flow of EDO.
On the 12th of May Eidoo broke below the uptrend trendline that has resulted in further decline. Overall, since April, EDO lost over 50% to the USD and currently is trading at the support level. The support is a 23.6% Fibonacci retracement level, applied to the uptrend trendline breakout point. That is $1.19 support level, which does correspond to the mid line of...
Timeframe: 240M Main Scenario: Price it has failed to stay and stabilize within the ascending pitchfork's body and now has made a valid breakdown below the outside sliding line (SL) of the ascending pitchfork. EDO/USD is retesting the median line (ml) of the minor descending pitchfork, so a false breakout or a rejection from here it will send the rate down...
Eidoo has been steadily declining since the end of April when price has reached 3143 satoshis high. Since then EDO already lost to BTC over 50% and it seems that the downside momentum hasn't ended yet. EDO/BTC has formed a strong resistance at 1655 satoshis, that has been rejected multiple times, with the latest bounce occurred on the 7th of July. Price continues...
Fundamentally, Eidoo is gaining more and more popularity. After putting out an working wallet app on the market, with integrated ico-enginge, the hybrid-exchange should launch in a couple weeks. Furthermore, their bitcoin wallet is in beta-phase and should be ready soon. Technically, my point of view is this: EDOUSD hit the support trading range, and will,...
Potential upside movement from abovee 1.6000.
Eidoo seem to be forming a head and shoulders reversal pattern. The current support is clearly at 2100 satoshis, which also was a support back in the beginning of February. Now it could be the time when EDO/BTC is forming the right shoulder and if that is the case a correctional move down could take place. Nevertheless, the trend now seems to be bullish and price...
Here we go with EDO/USD - Daily. How you can see from the chart above, price has touched the dynamic support at 1,65$ 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...
Small trade, profit will not be as high as previous operations, but I think it can go up and even quickly, the volumes are good. I recommend keeping a low stop loss as I put in the chart, about 6%