The price might approach the $0.65 support levelEDU has been trending lower after breaking the previous support level and exiting a consolidation range. This decline indicates increased selling pressure and a potential shift in market sentiment. The current resistance level is at $0.80, which acts as a ceiling preventing upward movement. The price is continuing to decline and may approach the support area around $0.65.
EDUUSDT
Trade Idea for Open Campus (EDU) - Accumulation StrategyOpen Campus (EDU) is currently trading at approximately $0.495. The token has experienced a decrease of 7.40% in the last 24 hours and a 10.21% decline over the past week. Its market capitalization is about $144.47 million, with a circulating supply of 292.08 million EDU tokens out of a maximum supply of 1 billion.
Begin by purchasing EDU at the current price of $0.495. This provides a strategic entry point given the recent price drop and potential for recovery.
Plan to accumulate additional EDU tokens at lower price points if the price drops to $0.44 and further to $0.385. This strategy allows for averaging down the entry price and capitalizing on market corrections.
Establish a series of take-profit targets to capture potential gains. The initial targets are set at $0.715, $0.99, and $1.375. These levels are chosen based on potential resistance points and historical price movements.
Open Campus is a decentralized solution aimed at addressing challenges in the education sector. It empowers educators and learners by decentralizing the creation and distribution of educational content, utilizing blockchain technology to ensure fairness and inclusivity. The NYSE:EDU token is integral to the ecosystem, facilitating payments, governance, and incentivizing content creation.
The recent price decline presents an opportunity for accumulation, especially given the project's strong fundamentals and potential for growth in the education sector. The long-term vision of revolutionizing the education industry and existing partnerships with entities like Animoca Brands and TinyTap enhance its value proposition.
Accumulating EDU at strategic price points leverages current market volatility and the potential for future growth. The phased profit-taking strategy is designed to optimize returns as the market potentially appreciates, driven by Open Campus's innovative approach to education and blockchain integration.
This trade idea is based on current market data and Open Campus’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
#EDU/USDT#EDU
We have a bearish channel pattern on a 4-hour frame, the price moves within it and adheres to its limits well
We have a green support area at 0.4900 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 0.5133.
The first target is 0.5575
The second target is 0.6000
The third target is 0.6455
#EDU/USDT#EDU
We have a bullish trend pattern on a 4-hour frame, the price moves based on it and adheres to its limits well
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 0.5750
The first target is 0.6500
The second target is 0.7200
The third target is 0.8000
#EDU/USDT#EDU
The price moves in a bearish channel on a 4-hour frame.
The price moves within it and adheres to it to a large extent. We have higher stability, moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 0.920
The first goal is 1.02
The second goal 1.11
The third goal 1.19
#EDU/USDT#EDU
The price is moving in a triangle on a 4-hour frame, about to break to the upside
The area in green is a very strong support area, and the price rebounded from it at 1.05
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability than Moving Average 100
Entry price is 1.06
The first goal is 1.14
Second goal 1.21
The third goal is 1.30
EDU/USDT holding key demand? 👀🚀opencampus Today Analysis💎 Paradisers, gear up for an enticing trading prospect with #EDUUSDT, which currently exhibits signs of a bullish continuation from its active demand zone.
💎 Looking back at #OpenCampus historical performance, we've recognized a recurring pattern of achieving equal highs before a decline. Given this pattern, we are now forecasting a bullish move from the demand level of $0.58858. If the price maintains its momentum, we're likely to witness a strong bullish push aiming for the zone above the Bearish Order Block.
💎 However, in the realm of trading, it's essential to have a backup plan. If our primary scenario does not unfold as expected, we're prepared to see #EDU pursue a bullish rebound from a lower demand level at $0.54117. It's important to note, though, that a breach below this level might trigger a significant downward trend.
#EDU/USDT LONG#EDU
The price has moved in a descending channel since last May.
And that channel was broken and the direction changed.
Now the landing is expected to retest the new support zone
Current price 0.7500
Target 0.5000
Before completing the ascent again
For target 1.1000
Please take advantage of support and resistance points
➡️EDUUSDT in Coming Days!!Hi.
BINANCE:EDUUSDT
✅Today, I want to analyze EDU for you in a 1D time frame so that we can have a LONG-term view of EDU regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
EDUUSDT is in the ascending phase by the cup and handle.
EDU is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EDU ANALYSIS🔮 #EDU Analysis - Breakout Trading
🌟🚀 #EDU was trading in a "Cup and Handle Pattern" and here we can see that #EDU gave a great breakout. We can see a bullish move of more than 30-40% 📊📊
🔖 Current Price: $0.92890
⏳ Target Price: $1.15589
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#EDU #Cryptocurrency #Breakout #DYOR
EDU ANALYSIS (1D)It seems that a large A wave that was a diametric has ended and we are now in a large B wave.
Wave B looks like an ABC as we are now in wave b of B. We expect to move from B to the green box to complete wave b. In fact, the green range is a suitable place for a Buy/Long position.
We specified the invalidation level. Closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
EDU Possible Long Trade #EDU Buy Setup
i will look to Long EDU here and this would be a nice Swing Trade, it should get more support and i see it could pump as soon as it breaks 0.66$ Area with a success Retest.
Entry: 0.56588
Entry 2: 0.42770
SL: 0.34819
Target 1: 0.79343
Target 2: 1.11530
Target 3: 1.55847
Target 4: 1.94187
if you use Leverage than consider to use not more than 10x depend on the Balance.
Cheers
#EDU/USDT
#EDU
The price has rebounded from the support area touching the trend line
On the hourly frame, the trend represents a good retracement area
With stability above the moving average of 100
Entry price is 0.6300
The first target is 0.6500
The second target is 0.6700
The third target is 0.6950
#EDU#EDU/USDT.P
In the previous idea, it was the reason for entry
The price is trading in a rising channel on a 15-minute frame, and the price has touched the upper border of the channel
Therefore, I was eager to land until the last night I had arrived, and that actually happened
I wanted to post this for clarification
Thank you all
🔥EDU: Another Binance Freshman Is Ready To 🚀EDU fall by -77% and now consolidationg inside the channel and wide accumulation area.
The closest resistance levels are higher by +74% and +293% (local highs). Test the channel as the support will be a good sign to continue the growth.
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like❤️ and follow
Check the links and get a gift from me👇
EDU breakout Soon What Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
KEY TAKEAWAYS
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.