EIDOO now going bullish on Bitcoin. Potential start on long-running uptrendsteemCreated with Sketch.

in #edo7 years ago (edited)

Hi all,

I just went long on EDO.

EIDOO.png

Reasons:

  1. We have breach of downwards sloping resistance
  2. We have a breach of horizontal resistance too
  3. We have a higher low (marked by the blue line) under that resistance, after two equal lows (double-bottom)
  4. The second of the two lowest lows includes a Mother Candle / Inside Bar set-up with a close high, right underneath horizontal- and sloping resistance now both broken
  5. We have a close above the higher-high and above both resistance lines
  6. Volume is picking up
  7. They have a very realistic mission and are busy little bees

Heavy confluence of bullish factors indicate that price doesn't wish to go lower here and so, I got in long.

Share if you care.