Following the previous idea on Edgeless Coin, it has reached the upside target at $1.6 and broke above it. Currently, it is finding the support at this level, which previously acted as a resistance.
$1.6 could be the starting point for Edgeless to start moving at the supersonic speed towards the $5.5 upside target. This resistance level is supported by two Fibonacci retracement levels, first 1127.2% and second is 427.2% applied to the corrective wave started in September.
Edgeless indeed looks like a very attractive investment opportunity with the potential gain of 250% over the USD. The only way it could reverse down is if price breaks below the $0.6 support. But at this point, EDG/USD is extremely bullish.
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Rejecting support, getting ready for a rally
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It has begun@!
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Slowly, but surely moving up... could accelerate now
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First strong resistance at $4
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Still looks very very strong.. waiting for the fist target
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Edgeless corrected back to the support and it is still strong and expected to go up