The two year downtrend

As shown in the graph we are approaching a near 2-year downtrend and starting to break that key resistance point at 10c.  It will be interesting over the next couple of months if we stay above or below 10c.  With a long term downtrend in place and not enough sales in the pipeline to stave off a CR by end of year I believe this could be the catalyst to see 10c form a strong resistance until proven consistent sales are achieved.

The longer term question is if we move into the 5-10c trading range when the next capital raise occurs then dilution will be massive.  Eden needs to stop its high cashburn of $3m/quarter or start generating sales.