On the daily, we can see some bullish reversal potential.
5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness.
Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it.
Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will serve as resistance.
Look for the price to definitively break out above 1000 sats to confirm the breakout. Once a break out occurs, it will probably spike high and quickly.
Green box is the target, red box is the "would be nice".
About a month ago when I was last charting EDO, I kept coming up with a date of May 26/27 based on the Fib lines. The price could rocket on 5-26. (Could also drop too)
Guess we'll see.
The bottom indicators on the 3 day chart show the coming rise better.
5/20 daily closed as an inverted hammer (bullish), indicating indecisiveness.
Today's daily, 5/21 has broken above the trend resistance line and looks all set to close above it.
Major resistance is around 1000 sats. This price point was the previous low and had served as support before breaking. Now will serve as resistance.
Look for the price to definitively break out above 1000 sats to confirm the breakout. Once a break out occurs, it will probably spike high and quickly.
Green box is the target, red box is the "would be nice".
About a month ago when I was last charting EDO, I kept coming up with a date of May 26/27 based on the Fib lines. The price could rocket on 5-26. (Could also drop too)
Guess we'll see.
The bottom indicators on the 3 day chart show the coming rise better.
Kommentera:
Kommentera:
Looking at EDOUSD -- also looks very bullish.
I would feel pretty good about entering the EDO trade.
I would feel pretty good about entering the EDO trade.
Kommentera:
Drop off in shorts
Kommentera:
Kommentera:
Sorry, the above is Bitcoin dominance dropping. Currently at support on the 3 day. Alt coin wave is coming and EDO looks primed :)
This one shows the sudden drop off in short positions
This one shows the sudden drop off in short positions
Kommentera:
Kommentera:
Altcoin market cap
Kommentera:
Total market cap still very bullish looking.
Kommentera:
Kommentera:
EDOUSD - looks primed to test resistances and (hopefully) make a run.
Check out this inverted hammer (bullish) on the 4 hour.