Technical analysis by EthanTW about Symbol EIGEN: Buy recommendation (1/19/2025)

4h 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