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Market Analysis – December 14
EIGENUSD structure signals early reversal potential despite a prolonged downtrend. EIGENUSD has been in a sustained bearish cycle, but current conditions suggest a potential bullish transition phase. Momentum indicators show exhaustion of selling pressure, with the stochastic oscillator deeply oversold and beginning to flatten, signaling waning downside momentum. Short-term moving averages are compressing near price, indicating reduced volatility and the potential for a directional expansion to the upside.
EIGENUSD is consolidating above the $0.440–$0.400 demand zone after a prolonged decline from the $1.200 region. The series of smaller-bodied candles and reduced downside follow-through highlight seller fatigue. Price is respecting a descending structure but is attempting to base above $0.440, while a break above the immediate resistance around $0.490–$0.530 would technically validate a short-term trend shift.
Looking ahead, a confirmed bullish break above $0.530 could open an upside continuation toward $0.700 initially, followed by a medium-term recovery toward $0.920 if momentum builds. Failure to hold above $0.400 would delay this outlook, but as long as price remains above $0.350, the broader structure supports a rebound scenario. Overall, the market is positioned for a bullish corrective phase transitioning into trend recovery.
EIGENUSD Short-Term Trend: Bullish
EIGENUSD on the four hour chart shows selling pressure fading as price stabilizes above the $0.440 demand zone. Momentum indicators suggest bearish strength is weakening, with the stochastic oscillator holding near oversold territory and hinting at a potential upside rotation.
Price is compressing beneath a descending trendline, and a sustained break above $0.490 would signal a bullish structure shift. If confirmed, upside expansion could target $0.550 initially, with extension toward $0.650 as momentum builds, aligning with improving short-term crypto signals.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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