EDU is sitting at a major decision point after breaking down from its previous range and testing the floor zone. Structure is still weak, but this is the area where a potential CHOCH can begin if buyers step in.
The first key move bulls need is a clean reclaim of the previous support area, which is now acting as resistance. Until that happens, the trend remains bearish and any bounce should be treated as a relief move.
If EDU forms higher lows and breaks above the descending trendline, it could open the door for a larger recovery setup. Without that confirmation, bears remain in control.
For now, EDU is in a high-risk, high-reward zone. Bulls need a confirmed reclaim. Bears want continued rejection below resistance.
The first key move bulls need is a clean reclaim of the previous support area, which is now acting as resistance. Until that happens, the trend remains bearish and any bounce should be treated as a relief move.
If EDU forms higher lows and breaks above the descending trendline, it could open the door for a larger recovery setup. Without that confirmation, bears remain in control.
For now, EDU is in a high-risk, high-reward zone. Bulls need a confirmed reclaim. Bears want continued rejection below resistance.
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Check me out btdcrypto.com/links/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.