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Eidoo Hitting Support
On the 12th of May Eidoo broke below the uptrend trendline that has resulted in further decline. Overall, since April, EDO lost over 50% to the USD and currently is trading at the support level.
The support is a 23.6% Fibonacci retracement level, applied to the uptrend trendline breakout point. That is $1.19 support level, which does correspond to the mid line of the descending channel.
It could be that this is the lowest price this year, and EDO/USD will start rising from this point onward, but only if the price stays above the support. Daily break and close below $1.19 should invalidate bullish outlook and could send price down to $0.65 support.
The support is a 23.6% Fibonacci retracement level, applied to the uptrend trendline breakout point. That is $1.19 support level, which does correspond to the mid line of the descending channel.
It could be that this is the lowest price this year, and EDO/USD will start rising from this point onward, but only if the price stays above the support. Daily break and close below $1.19 should invalidate bullish outlook and could send price down to $0.65 support.
交易结束：到达目标
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。