Eidoo (EDOBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Eidoo began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Eidoo should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Eidoo is a multicurrency wallet and a hybrid exchange. neverXpected reviewed the token earlier this year.
(Sources: https://eidoo.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will takeout the January 9 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will drop below the December 8, 2017 low".
If you think Eidoo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will stay in a trading range between the December 8, 2017 low and the January 9 peak until July 12".
You can upvote the comment until 3 PM EST June 9 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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