RobinG

EDOETH - Long Play

Largo
BINANCE:EDOETH   None
Looks like the ABC corrective wave of wave 5 of 3 is finishing up. Stochastics in very oversold, RSI in very oversold. Similar moments in past preceeded a big bounce.

Super Wave 1 had an 75% increase from 0.00206 to 0.0036
Super Wave 3 had a 100% increase from 0.0022 to 0.0044
Super Wave 5 will likely be more like super wave 1.
Likely range from 0.0037 to 0.0052.

Stop set at 0.0034 (can't retrace into wave 1 territory)
Exit plan around 0.0052.
Risk = 0.0003
Reward = 0.0015
RR = 5

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