EIGENUSDT Pair Chart :- Potential Ascending Triangle (Loose Interpretation): You could loosely interpret the price action as forming an ascending triangle. There's a somewhat horizontal resistance line connecting the recent highs, and a rising trendline connecting the lows. However, it's not as clear-cut as a textbook ascending triangle.
Support and Resistance:
Resistance:
Around 3.470 (marked on your chart), representing the recent highs.
The moving average (likely the 200-day MA, although not specified) acts as dynamic resistance.
Support:
The rising trendline connecting the recent lows.
A potential support zone could form around the 3.410 - 3.400 area if the price pulls back.
The presence of the moving average as resistance suggests a potential struggle to break into a sustained uptrend.
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