📈 Currency $EDEN tests the support zone to form a new upward breakout
• Technical direction: Retesting the green support zone and the moving averages
• Monitoring area: 0.04700 – 0.04880
🎯 Price targets:
• Target 1: 0.05404
• Target 2: 0.05670
• Target 3: 0.05927
❌ Invalidation scenario: A one-hour candle close below 0.04650
💡 Technical rationale: The price enters a temporary correction after the strong bullish impulse near the overbought levels. The price moves along the white path to retest the green support zone and to anchor on the moving averages to form an ascending bottom, which supports the continuation of positive momentum and the push toward the specified price targets.
• Technical direction: Retesting the green support zone and the moving averages
• Monitoring area: 0.04700 – 0.04880
🎯 Price targets:
• Target 1: 0.05404
• Target 2: 0.05670
• Target 3: 0.05927
❌ Invalidation scenario: A one-hour candle close below 0.04650
💡 Technical rationale: The price enters a temporary correction after the strong bullish impulse near the overbought levels. The price moves along the white path to retest the green support zone and to anchor on the moving averages to form an ascending bottom, which supports the continuation of positive momentum and the push toward the specified price targets.