Upon rebranding EDO ti PNT and listing on binance, I expect big drop from this resistance. A lot of confluence in this area and indicators signaling for a pullback, and posible trend reversal.
Chart on binance is only this double top you see here on bitfinex, so traders there cannot see a full picture, and will be caught in a trap. Don't be a buyer here, no matter...
. There is a possibility of temporary retracement to suggested support line (0.7900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EDOUSD 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...
Pretty good trade location for shorts. Right now in a pocket between 61% and 78% of a previous bear move.
Bear divs on daily, and on 4 hour. We had 4h RSI breakout, and price action breakout, but it seems more like a fakeout, liquidating all shorts up there.
Also price is now at the horizontal resistance, and upper fib channel.
A lot of talk recently about $EDO...
You can see EDO has started it's track to the 0.618 fib retracement level on the smaller fib retracement indicator, much like the rest of the alt market.
The EMA 10 in blue has crossed the MA 21 in orange and also the MA 55 in purple and EDO is trading above all 3 of these indicators.
The red horizontal line indicates major resistance which is also at the 0.618...
edo/usd seems to have found its bottom and in my opinion it looks like a solid entry point.
developing a trend can take its time, so patience is an important investment factor.
this is not a trading recommendation!
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...