their original 32$32.45M is worth only $10.03M (-69%)Remember that whale (or institution) who made a big move buying EIGEN last year? They’re not doing so well 😂
They started with 32.45MinUSDC,bought8.917MEIGEN at an average price of 3$3.64, and lost 17.19M.ThentheyswitchedpartoftheirpositiontoHYPE at the peak, only to lose another $5.21M. Now, after just 5 months, their original 32$32.45M is worth only $10.03M (-69%).
Ouch! 🐬
Trade $EIGEN , come to Gate – no need to think of reasons, just a pure recommendation! 😄
EIGENUSDT trade ideas
EIGEN/USDTEIGEN/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.
$EIGEN 4HTF🚀 $EIGEN Analysis
📊 4H Timeframe:
🔺 Ascending Triangle Formation – Price consolidating within structure.
📍 Resistance: $1.20 - $1.23
📍 Support: $1.08 - $1.12
📊 Daily Timeframe:
📉 Descending Parallel Channel – Price moving under trendline resistance.
📍 Key Resistance: $1.30
👀 Breakout or Rejection? Watch key levels for confirmation!
#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
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.
Eigen is one of the projects on my radar.This is my game plan. Bottoms are buying opportunities for me.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Eigen Layer zones of interest2 main zones of interest on BINANCE:EIGENUSDT
People will claim airdrop and sooner or later drop the price to zones of interest
2 zones marked by IAP model (how to work with model find in Ideas)
positive and negative scenario will end in same zones so its matter of time
Invalidation of idea mentioned on a chart
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Triple Bottom with Resistance Touches – Breakout Incoming?This chart illustrates a falling wedge pattern that has completed three key touches at both the support (bottom trendline) and the resistance (top trendline). The price action indicates a weakening bearish momentum, with higher probability of a bullish breakout.
EIGEN target $6.14h time frame
-
Entry: $3
TP: $6.1
SL: $2.45
RR: 5.7
-
(1) EIGEN is building a descending wedge which is a standard correction from previous pump
(2) Notice $3.3~$3.48 is R/S zone
(3) Fibonacci provides first target at $6.11 and final target at $9.17
(4) Stop loss once going below $2.45
EIGEN/USDTKey Level Zone: 3.2360 - 3.2600
Stoploss Level: 3.2150
HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
HMT v4.0:
- Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling
HMT v4.1:
- Enhanced take-profit (TP) target by incorporating market structure analysis
EIGEN UpdateThe daily candle closed strongly and if the price stabilizes above the $3.30-$3.28 range, we could see a continued uptrend for $EIGEN . However, if the price falls below this zone, a correction down to around $2.60 could occur. Overall, $EIGEN is definitely one of the best Layer 2 solutions for Ethereum and has great growth potential in the medium term ...
EIGEN/USDTKey Level Zone : 3.910 - 3.958
HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
HMT v4.0:
- Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling
HMT v4.1:
- Enhanced take-profit (TP) target by incorporating market structure analysis
EIGEN - Box is brokenBINANCE:EIGENUSDT (1h CHART) Technical Analysis Update
EIGEN is currently trading at $3.578 and showing overall bullish sentiment sentiment
Price was trading inside the box for couple days and expecting to breakout from the box soon. There is a good potential for long trade here.
Entry level: Candle close above $3.68
Stop Loss Level: $ Below 3.204
TakeProfit 1: $3.875
TakeProfit 2: $ 4.180
TakeProfit 3: $ 4.592
TakeProfit 4: $ 5.035
TakeProfit 5: $ 5.612
Max Leverage: 5x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
EIGENUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked).
Everything on the chart.
Entry zone: market and lower
Targets: 6 - 10 - 14
after first target reached move ur stop to breakeven
Stop: under 2.3 (depending of ur risk).
RR: 1 to 10
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!