EDEN/USDT - Breakout in Progress!
After a long downtrend and consolidation phase, EDEN is finally showing signs of reversal with a breakout from the falling wedge pattern on the 1H chart.
Volume is starting to pick up - a good signal for potential continuation.
Fibonacci Targets:
0.46 → first resistance
0.57 → 1.272 extension
0.66 → main target (1.618)
0.71 → extended target (1.786)
As long as price holds above 0.38-0.40, the bullish momentum remains valid.
A break below 0.34 would invalidate the setup.
"Patience during the dip, confidence during the lift."
#EDEN #CryptoAnaly #BreakoutSetup
#tradingView #Binance
After a long downtrend and consolidation phase, EDEN is finally showing signs of reversal with a breakout from the falling wedge pattern on the 1H chart.
Volume is starting to pick up - a good signal for potential continuation.
Fibonacci Targets:
0.46 → first resistance
0.57 → 1.272 extension
0.66 → main target (1.618)
0.71 → extended target (1.786)
As long as price holds above 0.38-0.40, the bullish momentum remains valid.
A break below 0.34 would invalidate the setup.
"Patience during the dip, confidence during the lift."
#EDEN #CryptoAnaly #BreakoutSetup
#tradingView #Binance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.