Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000176). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Eidoo/Bitcoin EDOBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.00002160
TP2= @ 0.00002540
TP3= @ 0.00002950
TP4= @ 0.00003360
TP5= @ 0.00004080
SL= Break below S2
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