EDO/BTC
-since last May 10, cross ultimate indicator's signal is Long priority
-the price pump over 170% to the recent top
-currently, facing an area of resistance
-and maintaining a series of higher lows
-bulls still have control of the market trend
-but to keep the uptrend going
-they must break the resistance at 6000s
-hold above 6k sats and target the next...
EDO/BTC
-cross ultimate indicator signal priority is Long
-the price reached the mid resistance twice
-there is new minor resistance at 3960
-if this candle closes bullish today
-we might see another leg up
-next resistance is located at 5700s
EDO/BTC
-testing downward trendline resistance
-holding 50ma and 20ma as dynamic support
-the green area is our new support must hold
-if the trendline is broken
-upside target is up to 2600 sats
-ideal stoploss below 1500 sats
EDO/BTC
EDO is showing some bullish action as the price is trying to break this descending channel.
If EDO can close this daily candle with an engulfing bar. We could expect another follow through the next day.
The potential buy zone is when the pattern is broken and the retest of the previous trendline resistance.
The stop-loss is below the daily candle close...
EDO/BTC
EDO is starting to make a move, price is already trading above the 100 Day MA. If the candle can close above 100 MA tomorrow,
Expect further momentum to the upside as Bulls have stepped into this market now.
Hello guys, by EDOUSD we can see that it is very near to a strong support on Binance, witch is a good opportunity to buy. I could find a pattern in EDO, we can clearly see with that circles i drew! Also, i found a channel pattern( i drew it to on the chart too). Pivot Extension is pointing an entry right now on EDO!
See me previous analysis and how profitable...
Technical analysis:
. 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.
Trading suggestion:
. There is a...
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...
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!
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...
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...
