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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 (9.92905 to 6.26310). 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 (9.92905)
    • Support on 03/12/2020
    • Support on 12/31/2020
    • Support on 01/01/2021
    • Support on 01/02/2021
    • Support on 01/03/2021
  • Ending of entry zone (6.26310)
    • Support on 12/31/2020
    • Support on 01/03/2021
    • Support on 01/04/2021

DateJanuary 5, 2021 - 20:18
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 6.26310, beginning of uptrend is expected.
  • We make sure when the resistance at 26.73495 breaks.
  • If the support at 6.26310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 29.70000 on 12/06/2020, so more losses to support(s) 9.92905 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 33.

Take Profits:

  1. 17.93025
  2. 26.73495
  3. 36.33000
  4. 44.97045
  5. 58.92510
  6. 70.80565
  7. 94.36750
  8. 116.18550
  9. 136.14010
  10. 158.95440
  11. 183.95850
  12. 238.88445
  13. 293.93645
  14. 471.63485
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo / BIT (EDOBIT) Thu, 4 Mar 2021
Eidoo / BIT (EDOBIT) Mon, 22 Feb 2021
Eidoo / BIT (EDOBIT) free Mon, 15 Feb 2021
Eidoo / BIT (EDOBIT) free Sun, 7 Feb 2021
Eidoo / BIT (EDOBIT) free Sun, 31 Jan 2021