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...
edousd has been in an accumulation phase for a very long time and should start to rise in the next few days/weeks. the increase in volume in the last few weeks is remarkable. i consider this a long term trade and a price target is definitely the 3 dollar mark.
this is not a trading advice, you trade at your own risk!
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...
EDOUSD has been rallying lately. But I see a short opportunity.
Price is being suppressed at 1.35USD level, resistance is very hard (see red arrows). We will use this level as a stop.
StochRSI is overextended and we probably going to see a double top :)
SELL : 1.315
BUY : 1.14 (S1 / Lower Bollinger Band / EMA200)
STOP : 1.36 or above
R/R : 3.15
Going to play long on EDO here and this is for today only as bfinex goes on maintenance tomorrow and I wont have any open orders (except buy orders for NEO at $4 and ETC around 2 or 3 just to take a chance of grabbing something weird)
You can see it has tested this line lots of times, should it break it target is $1.24 for 25%...
So I noticed this one a few days ago and looked again last night and seen that it had hit the top of the curve, when I was looking last it was a flat bottom, in hindsight I should of bought!. I think over the next day or two this will give a buying opportunity to go long and make some nice gains, probably 40% plus.
Curving out of a...
I'm bullish on this one and I'll explain why:
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...
EDOUSD shorts just grownth 415% on last 5 days, similar movement where found on ETPonzi before the mega bull run. Difference here is that main market of EDOUSD is on binance, that could compromise our ponzi.......