🔷️ $EDEN is finally showing signs of life after a prolonged period of selling. 👀📈
The weekly chart is building a much more interesting structure. After forming a broad base near the lows, #EDEN has produced a strong bullish weekly candle and reclaimed an important part of the recent range. The key question now is whether this momentum can carry price through the overhead resistance zone.
What I like here is the change in candle structure: sellers dominated for months, but the latest move shows a clear shift in short-term pressure. RSI needs to hold its recovery, MACD should confirm the momentum shift, while ADX will be important to determine whether this move can develop into a stronger trend. ⚡
This is the first EDEN analysis in my current series, so there is no previous setup to compare it with. For now, the chart is showing improvement, but confirmation remains essential.
‼️ Since EDEN is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Crypto #bitcoin #Ethereum #solana
The weekly chart is building a much more interesting structure. After forming a broad base near the lows, #EDEN has produced a strong bullish weekly candle and reclaimed an important part of the recent range. The key question now is whether this momentum can carry price through the overhead resistance zone.
What I like here is the change in candle structure: sellers dominated for months, but the latest move shows a clear shift in short-term pressure. RSI needs to hold its recovery, MACD should confirm the momentum shift, while ADX will be important to determine whether this move can develop into a stronger trend. ⚡
This is the first EDEN analysis in my current series, so there is no previous setup to compare it with. For now, the chart is showing improvement, but confirmation remains essential.
‼️ Since EDEN is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Crypto #bitcoin #Ethereum #solana