eden 0.055u
After 15 broke below 0.045, it didn’t keep collapsing. It went sideways around 0.043 for three days. Starting yesterday it began to rebound, and this morning it touched 0.059.
Last time I said that once it broke below 0.045, this wave would be invalidated. The level was indeed broken, but it didn’t play out. It churned sideways for three days and then climbed back up. This judgment needs to be adjusted—breaking support doesn’t equal the move being over.
As I said last time as well, whether the rebound can hold depends on whether it can stay above 0.058. This morning it just managed to reach that level, and now it has pulled back to 0.0546. In other words, it tested it but hasn’t held. Where today’s close lands is crucial.
The volume ratio is smaller than the past few days. Turnover is just over 28 million per day, with market cap around 22.2 hundred million, and the turnover rate is more than double. It’s far from the July 14 move, which had over 70 million in turnover—there aren’t as many people chasing it this time.
Only when it holds above 0.058 can we say this down move has been fully made back. If it can’t hold, it will still just keep ranging inside the box from 0.043 to 0.058. Only after the bottom at 0.043 breaks again will it truly start moving downward. #eden $EDEN
After 15 broke below 0.045, it didn’t keep collapsing. It went sideways around 0.043 for three days. Starting yesterday it began to rebound, and this morning it touched 0.059.
Last time I said that once it broke below 0.045, this wave would be invalidated. The level was indeed broken, but it didn’t play out. It churned sideways for three days and then climbed back up. This judgment needs to be adjusted—breaking support doesn’t equal the move being over.
As I said last time as well, whether the rebound can hold depends on whether it can stay above 0.058. This morning it just managed to reach that level, and now it has pulled back to 0.0546. In other words, it tested it but hasn’t held. Where today’s close lands is crucial.
The volume ratio is smaller than the past few days. Turnover is just over 28 million per day, with market cap around 22.2 hundred million, and the turnover rate is more than double. It’s far from the July 14 move, which had over 70 million in turnover—there aren’t as many people chasing it this time.
Only when it holds above 0.058 can we say this down move has been fully made back. If it can’t hold, it will still just keep ranging inside the box from 0.043 to 0.058. Only after the bottom at 0.043 breaks again will it truly start moving downward. #eden $EDEN