Eidoo EDO about to replicate rest of alt market - get in early
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 fib level @ 0.2704 indicated by the green rectangular box which is the first target.
Secondary target is the yellow rectangular box @ 0.3618 which is the larger fib retracement indicator level of 0.618
Only negative factor is the lack of volume which may come soon to confirm the bullish sentiment. A stop loss is 100% required on this trade.
Happy trading legends!
HTBB
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 fib level @ 0.2704 indicated by the green rectangular box which is the first target.
Secondary target is the yellow rectangular box @ 0.3618 which is the larger fib retracement indicator level of 0.618
Only negative factor is the lack of volume which may come soon to confirm the bullish sentiment. A stop loss is 100% required on this trade.
Happy trading legends!
HTBB
Comment:
1st target reached with ease, next stop, 36 cents.....all aboard!
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