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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (18.35980 to 11.08780). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (18.35980)
    • Support on 03/11/2020
    • Resistance on 03/14/2020
    • Resistance on 03/26/2020
    • Resistance on 04/10/2020
    • Resistance on 04/16/2020
    • Resistance on 04/17/2020
    • Resistance on 04/21/2020
    • Resistance on 05/01/2020
    • Resistance on 05/05/2020
    • Resistance on 05/06/2020
    • Resistance on 05/07/2020
    • Resistance on 05/08/2020
    • Resistance on 05/09/2020
    • Support on 05/11/2020
    • Support on 11/05/2020
    • Support on 11/06/2020
    • Support on 11/13/2020
    • Support on 11/14/2020
    • Support on 11/15/2020
    • Support on 11/16/2020
  • Ending of entry zone (11.08780)
    • Support on 03/16/2020
    • Support on 03/17/2020
    • Support on 03/18/2020
    • Support on 03/24/2020
    • Support on 03/26/2020

DateNovember 17, 2020 - 16:25
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.26310, beginning of uptrend is expected.
  • We make sure when the resistance at 36.33000 breaks.
  • If the support at 6.26310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 70.58000 on 09/12/2020, so more losses to support(s) 18.35980, 11.08780 and minimum to Major Support (6.26310) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Take Profits:

  1. 26.73495
  2. 36.33000
  3. 44.97045
  4. 58.92510
  5. 70.80565
  6. 94.36750
  7. 116.18550
  8. 136.14010
  9. 158.95440
  10. 183.95850
  11. 238.88445
  12. 293.93645
  13. 471.63485
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo / BIT (EDOBIT) Sat, 25 Sep 2021
Eidoo / BIT (EDOBIT) Tue, 21 Sep 2021
Eidoo / BIT (EDOBIT) Mon, 13 Sep 2021
Eidoo / BIT (EDOBIT) Sat, 4 Sep 2021
Eidoo / BIT (EDOBIT) Sat, 28 Aug 2021