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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 (9.92900 to 6.26300). 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 (9.92900)
    • 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
    • Support on 01/05/2021
    • Support on 01/06/2021
    • Support on 01/07/2021
    • Support on 01/08/2021
    • Support on 01/09/2021
    • Support on 01/10/2021
    • Support on 01/11/2021
    • Support on 01/12/2021
    • Support on 01/13/2021
    • Support on 01/16/2021
  • Ending of entry zone (6.26300)
    • Support on 03/12/2020
    • Support on 12/31/2020
    • Support on 01/03/2021
    • Support on 01/04/2021
    • Support on 01/05/2021
    • Support on 01/06/2021
    • Support on 01/07/2021
    • Support on 01/08/2021
    • Support on 01/30/2021

DateApril 4, 2021 - 14:06
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 17.93050, resumption of uptrend is expected.
  • We make sure when the resistance at 48.54655 breaks.
  • If the support at 17.93050 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 36.37503 on 03/28/2021, so more gains maximum to Major Resistance (48.54655) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

Take Profits:

  1. 17.93050
  2. 26.73500
  3. 36.33000
  4. 44.97050
  5. 58.92500
  6. 70.80550
  7. 94.36750
  8. 116.18550
  9. 136.14000
  10. 158.95450
  11. 183.95850
  12. 238.88450
  13. 293.93650
  14. 471.63500
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