EdenChain Overview, Analysis & Targets (Easy 101% + 240% Mapped)

8 Apr 2020

We are now looking at EdenChain (EDNBTC) on KuCoin... Let's start with the project details.

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About Eden
EdenChain describes itself as a blockchain platform for enterprises that aims to replace existing assets with blockchain-based tokens through smart contracts.

The platform provides users with technological support to disintermediate and tokenize their assets while protecting private data. These tokenizable assets include both tangible and intangible ones. As these tokens are now tradeable, token owners will have a new means of extracting value from their assets.

EdenChain aims to build a blockchain ecosystem that offers users a complete and seamless blockchain experience. In addition to EdenChain (platform service), the team also offers users Dorothy (dApp depository store), MoA (tokenization and asset management tools), and Pegasus (multicurrency payment solution).

Source: Coinmarketcap.com
Website: edenchain.io

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Let's continue by looking at the EdenChain vs Bitcoin chart

We can notice many of the KuCoin altcoins starting to go bullish, producing massive breakouts day after day... EDNBTC looks like it can be the next one.

• After a sudden drop, prices are now moving back above EMA10 on green volume.
  
• The RSI is bullish and trending higher.
  
  • Here we have two easy targets, 101%, and 241%.
    I call them easy targets because this pair has so much potential, the ones I mention above can be hit easily without much resistance and within days.
    
    Of course, we always need a plan before we trade.
    
    Conditions for change
    If prices drop below the last low, we close the trade and move on... That's our stop-loss.
    
    We remain bullish as long as prices are trading above EMA10.
    
    Thanks a lot for reading.
    
    Namaste.