EIGEN/USDT Analysis
Time frame (1D)
Buy Setup:
Entry Zone: $1.08 - $1.14 (strong support area & Fibonacci 0.382).
Target Levels:
TP1: $1.94 (Fibonacci 1.618).
TP2: $2.27 (Fibonacci 2.272).
TP3: $3.61 (Fibonacci 3.618).
Stop Loss: Below $0.95 (support breakdown).
Key Insights:
1. Price continues to respect the ascending trendline, confirming bullish momentum.
2. Pullback to Fibonacci 0.382 signals a potential buying opportunity.
3. Additional confirmation: Monitor for increased volume during a breakout of minor resistance.
Time frame (1D)
Buy Setup:
Entry Zone: $1.08 - $1.14 (strong support area & Fibonacci 0.382).
Target Levels:
TP1: $1.94 (Fibonacci 1.618).
TP2: $2.27 (Fibonacci 2.272).
TP3: $3.61 (Fibonacci 3.618).
Stop Loss: Below $0.95 (support breakdown).
Key Insights:
1. Price continues to respect the ascending trendline, confirming bullish momentum.
2. Pullback to Fibonacci 0.382 signals a potential buying opportunity.
3. Additional confirmation: Monitor for increased volume during a breakout of minor resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.