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EIGENUSDT

#EIGENUSDT#EIGEN The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 1.46, representing a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 1.55 First target: 1.61 Second target: 1.67 Third target: 1.74 Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
EIGEN/USDT — Critical Breakout: Start of a Major Reversal?🔎 Full Narrative Analysis EIGEN/USDT is currently at a very decisive moment. After a long downtrend from late 2024 into early 2025, the price formed a solid bottom around 0.60–0.70 in April. Since then, the market has been showing signs of accumulation, building a sequence of consistent higher lows. The 1.56–1.66 zone has acted as a major resistance for nearly 5 months. This level has been tested multiple times but never convincingly broken — until now. Recently, the price managed to break above this historical barrier, suggesting the first signs of a potential trend reversal. However, the breakout is not fully confirmed yet. The recent wick rejection from 1.95 shows that sellers are still defending that area. This puts EIGEN at a crossroads: will this be the beginning of a new bullish trend, or a false breakout leading back into the old range? --- 📌 Technical Pattern Inverse Head & Shoulders (iH&S) setup Head at 0.63 (April low) Neckline at 1.56 If confirmed, the measured target sits around 2.50 Range Breakout: Price has finally escaped the May–August consolidation range. Retesting 1.56–1.66 as support will be key confirmation. --- 🚀 Bullish Scenario 1. Price holds above 1.56–1.66 and flips it into strong support. 2. A decisive breakout above 1.95–2.00 confirms continuation of the bullish leg. 3. Upside targets: 2.38 (intermediate resistance) 2.50 (iH&S measured move) 3.28 (next psychological resistance) If momentum across the crypto market strengthens, possible extension to 4.05–5.14. --- ⚠️ Bearish Scenario 1. Failure to hold above 1.56 would turn this breakout into a false breakout / bull trap. 2. In this case, downside pressure may drag price back toward 1.10–0.90, and possibly even retest the lows near 0.60–0.70. 3. This would prolong the consolidation phase before any real reversal. --- 🎯 Trading Plan (for swing traders) Aggressive entry: around 1.65 with stop loss below 1.35. Conservative entry: wait for a clean retest of 1.56–1.66 or a confirmed breakout above 1.95. Take profit levels: 1.95 → 2.38 → 2.50 → 3.28+. Use trailing stop to lock in profits as price progresses to higher levels. --- 📝 Conclusion EIGEN is at a make-or-break stage: will the accumulation phase since April finally result in a rally towards 2.5+ and beyond, or will the market reject this breakout and push price back into its previous range? The 1.56–1.66 zone is the battlefield. As long as price holds above it, the mid-term outlook remains bullish. But if rejected, be prepared for a deeper pullback. --- #EIGEN #EIGENUSDT #CryptoAnalysis #Altcoin #Breakout #InverseHeadAndShoulders #SwingTrading #TechnicalAnalysis #CryptoSetup
Long
by CryptoNuclear
EIGENUSDT Chart Signals Huge Upside!EIGEN has been consolidating in an ascending triangle pattern for several months, with rising lows meeting a flat horizontal resistance zone. This structure typically signals strong bullish pressure building up over time, as buyers consistently step in at higher levels. Currently, the price is testing the upper resistance trendline around $1.65–$1.70. A breakout and daily close above this zone could confirm the start of a major bullish leg, with the potential to push prices significantly higher. The volume profile also shows a large gap above this area, which means price could move quickly once resistance is cleared. Key Points - Ascending triangle formation visible on the daily chart - Strong resistance around $1.65 – $1.70 -Breakout above resistance could trigger strong momentum - Volume profile suggests less supply above current levels Trade Setup - Entry: On breakout and daily close above $1.70 - Stop-loss: ~$1.10 Targets: 50%-200% Cheers Hexa
Long
by HexaTrades
2
EIGEN Breakout Confirmation, Eyes on 2.20+$EIGEN has broken above a key resistance zone, signaling a shift in momentum. The breakout comes after weeks of consolidation with strong support holding at the ascending trendline. Trade Setup Entry: Around current breakout levels Stop Loss: Below 1.33 (trendline support) Targets: TP1: 2.20 TP2: 2.86 TP3: 3.78 TP4: 5.27 As long as price holds above the reclaimed zone, the structure favors bulls with upside targets in play. DYOR, NFA #PEACE
Long
by unichartz
EIGENUSDT Forming Bullish WaveEIGENUSDT is developing a bullish wave pattern, a strong continuation setup that often signals the next stage of upward momentum in trending markets. The formation indicates that buyers are gradually taking control, pushing the market into a more favorable position for a significant rally. With price action aligning with this bullish structure, expectations point toward a potential 70% to 80%+ gain once the breakout phase is confirmed. Volume activity remains healthy, which is a critical element in validating this pattern. Sustained buying pressure reflects genuine interest from market participants, suggesting that the breakout could carry strong momentum. If this volume trend continues, EIGENUSDT may accelerate quickly, offering traders and investors a high-probability opportunity for sizable returns. Market sentiment is also turning increasingly positive toward EIGENUSDT, as more investors recognize the coin’s potential for growth. The bullish wave setup combined with rising demand indicates that traders are positioning themselves early to benefit from the expected move. This growing attention further boosts liquidity and market stability, which helps support a more sustainable uptrend. Overall, EIGENUSDT is presenting a technically strong case for a bullish continuation. With its bullish wave pattern, supportive volume, and expanding investor interest, the coin is poised for a potentially powerful breakout. Traders should keep a close eye on price action around key resistance levels, as a confirmed breakout could unlock significant upside potential. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
Long
by Alpha-GoldFX
1
EIGEN Analysis (8H)The price seems to be in the corrective wave B, likely in the final corrective sub-wave of the larger wave B. From the green zone | which is a flip zone overlapping with the trendline | we expect a rejection to the upside, initiating wave C. We are looking for buying opportunities around the green zone. The targets are marked on the chart. A daily candle closing below the invalidation level would nullify this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
EIGEN/USDT — Consolidation Critical Zone: Breakout or Breakdown?🔎 Overview EIGEN/USDT is currently trading around 1.2641 USDT, sitting right above a critical demand zone (1.05–1.30) that aligns with the ascending trendline from April 2025. This structure signals that the market is at a major equilibrium point, where both buyers and sellers are waiting for confirmation of the next big move. --- 📈 Pattern & Price Structure Dominant Pattern: Ascending Triangle (flat resistance at 1.5788 + higher lows since April). Demand Zone (Key Support): 1.05–1.30 → strong accumulation area with multiple bounces. Key Resistance: 1.5788 → acting as the “ceiling” several times. A breakout could trigger strong volume inflows. Measured Move Projections: Conservative → 2.01 Aggressive → 2.50 Last Line of Defense (Support): 0.6590 → historical low if breakdown accelerates. --- 🚀 Bullish Scenario Confirmation: Daily close above 1.5788 with strong volume. Upside Targets: First target: 1.97 Next levels: 2.38 → 2.99 With strong momentum: 3.35 – 4.11, possibly 5.51 in the longer run. Market Narrative: A breakout above 1.5788 won’t just be a technical event — it could mark the return of smart money accumulation. --- 🐻 Bearish Scenario Confirmation: Daily close below 1.05 + breakdown of the ascending trendline. Downside Targets: Minor supports: 1.00 → 0.95 Next support: 0.80 Extreme target: 0.6590 (historical low). Market Narrative: A breakdown here flips sentiment into distribution mode, showing that the demand zone failed to hold. --- 🎯 Strategy & Risk Management Conservative Traders: Wait for a confirmed breakout above 1.5788 → enter after retest → target 1.97. Aggressive Traders: Start partial accumulation within 1.10–1.30 → add positions once breakout confirms. Stop Loss: Daily close below 1.00 to protect capital. Risk Rule: Limit risk per trade to ≤ 2–3% of portfolio → avoid overleveraging as this is a decision point. --- 📝 Conclusion EIGEN/USDT is now at a crossroad: Bullish case: Breakout above 1.5788 opens the road toward 2.0–2.5. Bearish case: Breakdown below 1.05 could drag price toward 0.95 → 0.6590. This makes the current zone a “make-or-break area” — either the foundation of the next bullish rally, or the trigger of a deeper correction. #EIGEN #EIGENUSDT #CryptoAnalysis #CryptoTrading #SupportResistance #TechnicalAnalysis #Breakout #AscendingTriangle #PriceAction
Long
by CryptoNuclear
EIGEN / USDT : Keep a close watch on retest processEIGEN/USDT – Bullish Breakout Potential EIGEN has broken the descending resistance trendline, signaling a possible upward move. The current breakout shows strong bullish momentum with a target of around 0.830 USDT, offering a potential 52.73% gain. Keep an eye on this level for possible retest and confirmation. Key Points: Strong trend reversal from the downtrend. Breakout above resistance could lead to further gains. Target price 2.4 USDT. Risk management advised for volatile market conditions. Stay sharp and trade wisely!
Long
by Crypto-by-PRIME
EigenLayer Daily view| DeFi’s Ethereum Restaking Power💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing EIGEN on the 1-Day timeframe , this coin ranks 132 on CoinMarketCap. It’s a restaking project on the Ethereum network, highly valued and reputable in the DeFi space, and backed by well-known Ethereum developers . 👀 After breaking out of a strong descending channel, this coin moved toward its resistance zone at 1.687 within just three days under strong buying pressure. It was then rejected from this level and formed a bottom at 1.034. This bottom is close to a drawn trendline, and the latest touch of this trendline triggered many buy orders, bringing in significant buying momentum. The key zone for entering a trade is the resistance area that has seen roughly five reactions, each time resulting in rejection. If this daily box breaks, the coin could move to higher price levels. 👑 The 7-day moving average has crossed above both the 25-day and 99-day moving averages, indicating strong buyer power and upward momentum. Moving averages are often used for martingale strategies and as setup confirmations. ⚙️ On the RSI, the key resistance lies around 67.08. A breakout above this level increases the chance of entering the overbought zone, though the major strong resistance is at 70. 🕯 Both trading volume and transaction count are rising, and usually, for coins considered “Ethereum ecosystem projects,” volumes can spike sharply when Ethereum dominance falls. 🔔 We’ve set an alert zone at the 1.687 resistance level. When the price reaches this zone, you can watch the price action and, with confirmation, consider entering a trade. 🖥 Summary : If EigenLayer breaks the 1.687 zone, it could reach much higher price levels. Since it offers a restaking product to the crypto community, it has the potential for strong price surges, as most of its past pumps have happened within just a few candles—even one candle. Don’t forget to set your alert at 1.687 . ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by CryptosWinter
EIGEN/USDT — Symmetrical Triangle: Breakout Imminent?Summary The daily chart shows a symmetrical triangle pattern (descending resistance from Dec–Aug and ascending support from April). Price is currently around 1.36 USDT, squeezing into the narrow apex zone — this suggests high volatility is likely once a breakout occurs. Statistically, this pattern is neutral, but the formation of higher lows since April gives a slight bullish bias. However, given the prior strong downtrend, we must not ignore the potential for a continuation to the downside. --- Technical Pattern Details Pattern: Symmetrical triangle / contracting triangle — two converging trendlines: lower highs vs higher lows. Meaning: Consolidation between buyers & sellers, representing accumulation/distribution before a sharp move. Probability: Neutral — the breakout direction defines the medium-term bias. With the prior downtrend, continuation is possible, but persistent higher lows suggest ongoing demand. Timing: Apex likely reached in Sept; breakouts often occur before or at the apex. --- Key Levels (from chart) Current price: 1.3604 USDT Resistance levels: 1.5788, 1.9671, 2.3877, 2.9906, 3.3557, and major high at 5.52–5.66 USDT. Key support: ascending trendline & historical low at 0.6590 USDT. --- Bullish Scenario (Confirmation & Targets) Confirmation: 1. Daily candle closes above the triangle resistance (~1.58–1.65 USDT, depending on precision). 2. Breakout volume is higher than average. 3. Retest holds as support after breakout. Targets after bullish breakout: TP1: 1.5788 TP2: 1.9671 TP3: 2.3877 → 2.9906 → 3.3557 (if strong momentum) Example aggressive setup: Entry: 1.62 USDT Stop-loss: 1.30 USDT Risk per unit = 0.32 USDT TP1 (1.97) → ~1.09R TP2 (2.38) → ~2.37R --- Bearish Scenario (Confirmation & Targets) Confirmation: 1. Strong rejection at triangle resistance, followed by daily close below ascending support. 2. Increased volume on breakdown. 3. Failed retest of broken support. Targets after bearish breakdown: TP1: Local support zones (~1.10–0.90). TP2: Historical low 0.6590 USDT. Example short setup: Entry: 1.30 USDT Stop-loss: 1.60 USDT Target: 0.659 USDT → ~2.14R --- Trading & Risk Management Notes 1. Wait for confirmation — avoid early intraday breakouts. 2. Retest entries for conservative trades. 3. Stop-loss placement beyond structural levels. 4. Risk per trade: 1–3% of total capital. 5. Partial scale-in if breakout shows strong momentum. 6. Beware of fakeouts — common in tightening triangles. --- Confirmation Checklist Daily close outside trendline. Breakout volume above accumulation average. RSI/Stoch supports breakout direction. Multi-timeframe alignment (e.g., 4H, 12H). Liquidity/spread checks on exchange. --- Risk Notes Triangles after a downtrend can be continuation patterns — don’t pre-bias without confirmation. Use horizontal resistance levels for realistic profit-taking instead of overly optimistic measured moves. Watch for correlated market moves (BTC/ETH). --- EIGEN/USDT (1D) forming a symmetrical triangle — volatility spike likely as breakout nears. Wait for daily close + volume above 1.58–1.65 for bullish targets (1.97 → 2.38 → 2.99), or breakdown below ascending support for bearish targets (down to 0.659). Manage risk and watch for retests. #EIGEN #EIGENUSDT #CryptoTA #SymmetricalTriangle #BreakoutSetup #SupportResistance #TechnicalAnalysis #CryptoTrading #AltcoinAnalysis #RiskManagement
Long
by CryptoNuclear
2
EIGEN/USDT TestingDemand Zone – Rebound or Breakdown Ahead?🧠 Technical Analysis: 🔸 Market Structure: The price is currently sitting around 1.15 USDT, right above a key demand zone (highlighted in yellow) that has been tested multiple times since March 2025. This area between 1.00 – 1.20 USDT acts as a major support zone. 🔸 Key Resistance Levels: 1.430 USDT → short-term resistance 1.604 USDT → significant resistance (previous support turned resistance) Higher resistance targets: 1.980, 2.341, 2.982, 4.018, and 5.480 USDT 🔸 Key Support Levels: 1.154 USDT → current price level Main demand zone: 1.00 – 1.20 USDT If broken, the next major support lies around 0.80 USDT --- 📈 Bullish Scenario: If the 1.00 – 1.20 USDT demand zone holds and the price prints a higher low, a bullish reversal is possible. Short-term target: 1.43 and 1.60 USDT If 1.60 is broken with strong momentum, the next targets are: 1.98 – 2.34 USDT Bullish confirmation will be stronger if the price breaks and closes above 1.60 USDT on the daily chart ✅ Bullish Confirmation: Bullish engulfing candle near support Rising volume on upward moves Breaking above previous lower highs --- 📉 Bearish Scenario: If the price breaks down below the 1.00 – 1.15 USDT support zone, downside targets shift toward 0.80 – 0.66 USDT A descending triangle pattern may be forming if the price continues making lower highs while testing the same support ⚠️ Bearish Confirmation: Strong bearish candle closing below support High sell volume New lower low after a failed bounce --- 🔺 Pattern Analysis: The price has been forming a range-bound pattern between 1.00 – 1.60 USDT A potential double bottom could form if this support holds and price bounces up again Otherwise, it may evolve into a descending triangle, signaling bearish pressure --- 🔖 Conclusion: EIGEN is at a critical support zone that could define its next major move. A strong reaction here could signal a bullish reversal, while a breakdown could open the door to deeper declines. This is a key level to watch. #EIGEN #EIGENUSDT #CryptoAnalysis #Altcoin #TechnicalAnalysis #SupportResistance #BullishScenario #BearishScenario #CryptoTrading #ChartAnalysis
Long
by CryptoNuclear
EIGEN/USDT Breakout Countdown: Descending Triangle Retest EIGEN/USDT is currently at a critical technical juncture. After months of downward pressure, the pair is now showing signs of a major bullish breakout from a descending triangle pattern, which is often a strong reversal signal. Are we about to witness an explosive upside move? Let’s dive into the setup. 🧠 Key Technical Structure 📌 Pattern: Descending Triangle (Bullish Reversal Potential) Formed since December 2024 Strong horizontal support between $1.05–$1.28 (yellow box), tested multiple times Series of lower highs forming a descending trendline, now being challenged by price action This structure hints at heavy accumulation beneath resistance 📌 Volume: Gradually increasing near breakout zone — a sign of accumulation by smart money 📌 Breakout Confirmation: A daily close above $1.30 with strong volume will validate the breakout, potentially triggering a powerful move. 🟢 Bullish Scenario (Confirmed Breakout) If EIGEN breaks and successfully retests the descending trendline, a major rally could follow, with these targets in sight: 🎯 Upside Price Targets: 1. $1.60 – Minor resistance and previous support flip 2. $1.98 – Previous distribution zone 3. $2.34 – Horizontal resistance from past structure 4. $2.98 – Mid-Fibonacci extension target 5. $4.01 – Full height target from triangle breakout 6. $5.48–$5.65 – Long-term target from historical resistance ✅ This structure aligns with a classic impulsive wave pattern following a major technical breakout. 🔴 Bearish Scenario (Failed Breakout / Fakeout) Not all breakouts are successful. Here's what to watch out for: 🔻 If price fails to hold above $1.28, and breaks below $1.05, the structure turns bearish: Opens the door for a trend continuation downward Next supports lie at $0.90–$0.80, and possibly $0.65–$0.60 Indicates that sellers are still in control and accumulation has failed 🚫 This would invalidate the bullish setup and signal caution for long positions. 📌 Suggested Trading Plan Entry Strategy: Conservative: Wait for a confirmed breakout and successful retest above $1.30 Aggressive: Enter on intraday breakout with strong volume above trendline Stop Loss: Below triangle support (~$1.02–$1.05) Take Profits (TP): Scale out at $1.60 / $1.98 / $2.34 / $2.98 / $4.01 / $5.48 💬 Conclusion EIGEN is on the verge of a major technical move. A clean breakout from the descending triangle could mark the transition from bearish consolidation to bullish expansion — a structure often seen before explosive rallies in altcoins. Always manage risk wisely, stay alert for retests, and never chase entries without confirmation. This is a setup worth watching closely in the coming days! #EIGEN #EIGENUSDT #CryptoBreakout #DescendingTriangle #AltcoinSeason #BullishSetup #ChartPattern #BreakoutAlert #SmartMoneyMoves #CryptoTechnicalAnalysis
Long
by CryptoNuclear
EIGEN/USDT — Ready to Explode from Accumulation?🔍 Detailed Technical Analysis (1D Timeframe): After months of bearish pressure, $EIGEN is now showing early signs of a trend reversal. The chart is painting a compelling picture of a breakout setup backed by a strong accumulation base and a long-term descending trendline. 🟨 Solid Accumulation Zone: Price has been consolidating tightly within the $0.90 – $1.10 range, forming a clear accumulation zone. This zone has acted as a reliable support area multiple times, rejecting bearish attempts and indicating smart money accumulation. This type of sideways base is often the foundation for explosive upside moves. 📉 Descending Trendline Breakout Setup: A clear descending resistance line has been holding since the highs in December 2024. Price is now approaching a critical breakout point. A confirmed breakout above this trendline could mark the beginning of a new bullish trend. 📈 Bullish Scenario (Momentum Breakout): If price breaks out above the descending trendline and clears the key resistance at $1.227, the path toward higher targets opens up quickly: Bullish Target Levels Description 🎯 $1.603 Minor psychological resistance 🎯 $1.980 Structural resistance 🎯 $2.341 Fibonacci confluence & supply zone 🎯 $2.982 Medium-term target 🎯 $3.993 Breakout continuation level 🎯 $5.480 – $5.659 Previous all-time high (ATH) region 📌 Note: For a valid breakout, look for a strong daily candle close above $1.227, ideally with high volume to confirm momentum. 🔻 Bearish Scenario (Rejection Play): If price gets rejected at the trendline and fails to break $1.227: A pullback to the $1.00 – $0.90 accumulation zone is likely. If that support fails, price may drop toward: 🔻 $0.85 🔻 $0.78 🔻 $0.68 (key psychological & historical volume zone) 📊 Conclusion: Make or Break Moment Ahead EIGEN is at a critical decision point. A successful breakout could kick off a major bullish phase, while a failure may extend the sideways or bearish action. With a strong base formed and pressure building near the trendline, this setup deserves a spot on every trader’s radar. #EIGENUSDT #CryptoBreakout #AltcoinSetup #TechnicalAnalysis #BullishScenario #BearishScenario #AccumulationZone #PriceAction #CryptoTrading #CryptoAnalysis
Long
by CryptoNuclear
EIGEN/USDT – Falling Wedge Breakout Setup | 4H ChartEIGEN is currently showing a bullish falling wedge pattern near a strong horizontal demand zone, indicating a potential reversal move. Technical Breakdown: Entry Zone: $1.17 – $1.18 (current market price) Stop-Loss: Below $1.14 (last wick low/invalidation of wedge) Target Price: $1.74, $2.51 (+118%) from CMP Resistance 1 (Minor): $1.33 Resistance 2 (Major Target): $1.74 Support Levels:  • $1.17 (Immediate support)  • $0.749 (Major demand zone if breakdown) Target & Risk-Reward Target Price: $1.74, $2.51 (+118%) from CMP Stop-Loss: $1.14 Risk per token: ~$0.03 Potential Profit per token: ~$0.56 Risk:Reward Ratio: ~1:6.5 Potential Gain: +118% from entry Indicators: Falling wedge breakout looks imminent RSI (14) at 39.5 — recovering from oversold zone Demand zone previously triggered rallies — the probability of a bounce is high Strategy: Wait for a 4H candle close above the wedge trendline + volume confirmation to validate the breakout. Scaling in near support with a tight stop-loss can offer a strong risk-reward play. Not Financial Advice – This is a technical view for educational purposes. Always DYOR & manage risk accordingly. Like & follow if you found this useful! #EIGEN #Altcoins #Breakout
Long
by ScramblerG
2
Eigenlayer EIGEN price analysisLooking at the OKX:EIGENUSDT chart, we can see that the growth amplitude is “choking” and trading volumes are decreasing. Therefore, at the current price, we would not risk buying #EIGEN But at $0.90, it's safer! Or at $1.80-1.90, but only after the price breaks through and consolidates above the trend line. #Eigenlayer is based on the #Ethereum ecosystem and has “come alive” following the price of CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
EigenLayer Easy Targets, Broken Downtrend —500%Now we are looking at EigenLayer, a new project. Notice the very strong downtrend that started in mid-December 2024. It is hard to believe that it has been already more than five months. Notice this huge downtrend and how EIGENUSDT broke out without breaking bullish. This is ok if you are looking for good options to buy and trade. This pair trades at a low price, early, and has huge potential for growth in weeks, months and days. I will give you some targets, the bottom is in. But a full blown bullish confirmation happens when the action moves above 'main resistance'. The action is happening now within a strong buy-zone. This zone is the last chance and opportunity to buy when prices are low. It will start growing next and this growth will go for months. The first target can hit short-term while the second is set for the mid-term. Long-term, you can expect even more. A perfect strategy for spot traders is simply to buy and hold. When prices are high, say 200%-300%, collect profits and move on to the next trade. Repeat this process over and over, again and again, and watch your portfolio grow faster than the bull market. Buy ten pairs and each time one matures, sell and find one trading near support and repeat the process. This is a simple strategy but it pays. If you miss the selling point, wait. Never buy when prices are high. Never sell when prices are low. Do it the other way around... Buy now, sell later when the masses start to buy at the top. When they are buying, you are selling. Now that everybody is selling, you have to buy, buy everything up. Namaste.
Long
by MasterAnanda
1
#EIGEN/USDT#EIGEN The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 1.56 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 1.71 First target 1.83 Second target 1.90 Third target 1.98
Long
by CryptoAnalystSignal
EIGEN / USDT : Retesting the Trendline after breakout EIGEN/USDT: Retesting the Trendline After Breakout EIGEN/USDT is showing promising signs 📈 as it retests the trendline after a breakout 📊. This retest is crucial as it could confirm the trendline as a new support zone, setting the stage for a strong bullish continuation 💥. If the support holds, we could see a significant upward move 🚀. Keep a close watch 👀 on this pair and wait for confirmation before taking action. Key insights: 1. Trendline retest: EIGEN/USDT is retesting the trendline it recently broke above. Successfully flipping this resistance into support could confirm the breakout and trigger a bullish rally. 2. Volume validation: Monitor trading volume closely. A surge in volume during the retest would confirm strong buyer interest 🔥. 3. Bullish signals: Momentum indicators such as RSI and MACD are showing positive trends ⚡, supporting the likelihood of a bullish continuation. Steps to confirm the trendline support: Look for a clear 4H or daily candle closing above the retested trendline 📍. A noticeable increase in volume during the retest can signal strong buying activity 📊. If the trendline holds as support, it adds credibility to the bullish continuation ✅. Be cautious of false signals, such as sharp pullbacks or wicks below the trendline ⚠️. Risk management strategies: Use stop-loss orders to manage your risk effectively 🔒. Ensure position sizing aligns with your overall trading strategy 🎯. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
Long
by Crypto-By-Ghazi