EIDOO now going bullish on Bitcoin. Potential start on long-running uptrend

Hi all,

I just went long on EDO.

Reasons:

1. We have breach of downwards sloping resistance
2. We have a breach of horizontal resistance too
3. We have a higher low (marked by the blue line) under that resistance, after two equal lows (double-bottom)
4. The second of the two lowest lows includes a Mother Candle / Inside Bar set-up with a close high, right underneath horizontal- and sloping resistance now both broken
5. We have a close above the higher-high and above both resistance lines
6. Volume is picking up
7. They have a very realistic mission and are busy little bees

Heavy confluence of bullish factors indicate that price doesn't wish to go lower here and so, I got in long.

Share if you care.