7 month downtrend channel about to be broken? EDG Comeback?

Updated
EDG has finally seen some price action in the last few days, but in the weekly chart its still in a huge downtrend channel (in which it lost 75% value). If it breaks to the upside, we could see some spikes, or atleast wicks.
Note
snapshot
Note
target for now reached, maybe sth like this: snapshot
Trend Analysis

Disclaimer