📢 $EDEN / $USDT | 🟢 LONG | ⭐ 75.7%
🎯 Target: $0.05229. Will it hit it?
🎯 Trading levels:
🟢 Entry: $0.04904
🛑 Stop Loss: $0.04709
🏁 TP1: $0.05229
🏁 TP2: $0.05294
🏁 TP3: $0.05424
📈 Analysis:
$EDEN shows a bullish alignment across all timeframes, confirmed by an Inverse Head-and-Shoulders pattern. The ADX at 36.58 reflects a strong trend, while the RSI at 67.25 and the bullish MACD crossover (trend momentum indicator) validate the current buying strength. Increasing volume, with a 1.68x ratio above the average, supports the breakout of the structure after consolidating above the POC (point of highest liquidity) at $0.045192.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price breaks through the Stop Loss, breaking the structure of higher lows. It’s essential to monitor volume behavior in the entry zone to confirm that the momentum can push past the immediate resistance.
What’s your outlook for the daily close of $EDEN if it manages to reach TP3?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #EDEN #trading #Futures #Bullish
🎯 Target: $0.05229. Will it hit it?
🎯 Trading levels:
🟢 Entry: $0.04904
🛑 Stop Loss: $0.04709
🏁 TP1: $0.05229
🏁 TP2: $0.05294
🏁 TP3: $0.05424
📈 Analysis:
$EDEN shows a bullish alignment across all timeframes, confirmed by an Inverse Head-and-Shoulders pattern. The ADX at 36.58 reflects a strong trend, while the RSI at 67.25 and the bullish MACD crossover (trend momentum indicator) validate the current buying strength. Increasing volume, with a 1.68x ratio above the average, supports the breakout of the structure after consolidating above the POC (point of highest liquidity) at $0.045192.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price breaks through the Stop Loss, breaking the structure of higher lows. It’s essential to monitor volume behavior in the entry zone to confirm that the momentum can push past the immediate resistance.
What’s your outlook for the daily close of $EDEN if it manages to reach TP3?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #EDEN #trading #Futures #Bullish