Technical analysis by CryptoAnalystSignal about Symbol EIGEN: Buy recommendation (10 hour ago)

#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.