Good day traders
We got a BUY signal on EDOETH from SwingBot
Trade Risk: High
EMAs : Acting as resistance for upside price action
Stoch RSI: Oversold and crossing up
BuyZone, Possible targets and Stop loss are indicated on the chart
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. Eidoo/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility...
Think this is finally at the end of a market cycle. It is not a high volume alt but the recent downturn has done noting to effect this vs ETH. It has suffered in USD and BTC price I think naturally it is time for it to fall vs ETH. It is a long term play to make some ETH, time to still get in. Set an alert at the top and 50% fib and forget about it. Come back in...
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.
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 expect...
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!
Looks like the ABC corrective wave of wave 5 of 3 is finishing up. Stochastics in very oversold, RSI in very oversold. Similar moments in past preceeded a big bounce.
Super Wave 1 had an 75% increase from 0.00206 to 0.0036
Super Wave 3 had a 100% increase from 0.0022 to 0.0044
Super Wave 5 will likely be more like super wave 1.
Likely range from 0.0037 to...
EDO is a token platform that has a vision to host ICOs via its wallet. It has been retracing for a while in ETH value and has seem to hit its bottom after bouncing up. Ignore the long wick recently as it was probably a bunch of stop losses being triggered by a whale to get rid of some weak hands. The MACD looks bullish and the RSI is steadily increasing without a...