$EDEN is now at 0.05862 and up 15% today.
Price just broke above the falling trendline that held it down for a long time.
Before that it swept below the 0.0500 support and buyers took it back fast. That is a liquidity sweep.
The chart is forming a Double Bottom W pattern. The neckline sits at 0.0606 to 0.0615 and price already touched it and got a rejection wick.
Momentum is bullish with strong green candles. Volume is 160M EDEN but only 9M USDT so the move is still thin.
A clean close above 0.0615 confirms the breakout and opens the way to 0.0661 and then 0.0676.
If price falls back under the trendline near 0.0583 the breakout fails and 0.0500 comes back into play.
#eden
Price just broke above the falling trendline that held it down for a long time.
Before that it swept below the 0.0500 support and buyers took it back fast. That is a liquidity sweep.
The chart is forming a Double Bottom W pattern. The neckline sits at 0.0606 to 0.0615 and price already touched it and got a rejection wick.
Momentum is bullish with strong green candles. Volume is 160M EDEN but only 9M USDT so the move is still thin.
A clean close above 0.0615 confirms the breakout and opens the way to 0.0661 and then 0.0676.
If price falls back under the trendline near 0.0583 the breakout fails and 0.0500 comes back into play.
#eden
