in 1hr and 4hr time frames we can see a clear downtrend.
we can now see the speed of our downtrend (in 1hr &4hr timeframe) has now has decreased with infiltrating the orange trendline or even ended we don"t have the confirmtion yet i"m bullish on the market but we can still see more dumps. actually...
so in the analysis i made few days ago (or yesterday idk) on BINANCE:EIGENUSDT we we had a channel that wad broken from below and you could"ve opened your position from the channel brakeout or the grenn line i specified though to be honest channel brakeout candle was too big only time frame you could have opened postion was 15 and in my opinion it was too...
as we can see in the chart eigen is in a trend directional BINANCE:EIGENUSDT is in a uprising channel if the current btc uptrend we can expect eigen to be the one of stronger assets i think everything is obvious enough in the chart i"ll be really thankful if you share your idea about this analysis and what you think about the current trend of the market
