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 resistance (wyckoff) (see picture below)
between october and november i see eidoo at about usd 2.8
fundamental:
eidoo begins on august 31 with the burning of tokens
This is not a trading advice! You trade at your own risk! DYOR!
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 resistance (wyckoff) (see picture below)
between october and november i see eidoo at about usd 2.8
fundamental:
eidoo begins on august 31 with the burning of tokens
This is not a trading advice! You trade at your own risk! DYOR!
Trade active:
Trade is still going on. EDO got rejected off the 200MA on the 1h chart, 3h and 4h chart are looking good also.
Comment:
Expecting the trend to get rejected again by 200MA on (4) (triangle pattern).
Trade active:
Not exactly as expected, but still looking good to me, still in. Correcting target to 1.3USD
Bounce off 200MA on 1h
Bounce off 200MA on 1h