Eidoo (EDOBTC) Gains Bullish Momentum (303% To ATH)

27 May 2019

Eidoo (EDOBTC) is printing a very strong bullish candle on the daily time frame and is becoming very promising when looking at it longer-term... Let's start with the daily.

Chart:

• Here we can see how EDOBTC started to move up steadily to finally reach a climax and produce today's breakout.
  
• Volume going higher.
  
• The RSI is very strong at 63.
  

Looking at the weekly time frame, the main chart above, we can look at primarily two scenarios:

• When you have this type of bullish action, we know that a strong bullish wave will come next and we get the following pictures.
  
  
• 1) Straight up and more up... This is done by most of the cryptocurrency markets when in bull run mode.
  
• 2) Retrace and then straight up.
  

Whichever scenario happens, or a different one, trading can remain very simple and low risk if you have patience and can wait.

• Just buy and wait until your targets are hit.
  
• Use a stop-loss in case you get a different scenario (purple arrow), this way you are prepared for all outcomes and always know which action to take.
  
• Think and act, never react.
  

This is not financial advice.

Namaste.