Long
EDO/BTC (Potential Bullish Breakout: up to 80% profit)
EDO/BTC
EDO is showing some bullish action as the price is trying to break this descending channel.
If EDO can close this daily candle with an engulfing bar. We could expect another follow through the next day.
The potential buy zone is when the pattern is broken and the retest of the previous trendline resistance.
The stop-loss is below the daily candle close to providing enough room for sideways action.
EDO is showing some bullish action as the price is trying to break this descending channel.
If EDO can close this daily candle with an engulfing bar. We could expect another follow through the next day.
The potential buy zone is when the pattern is broken and the retest of the previous trendline resistance.
The stop-loss is below the daily candle close to providing enough room for sideways action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.