Eigenusdtlong — Trading Ideas on TradingView

#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.

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

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