Since the massive drop last weekend, EGLD has been seeing a prolonged period of consolidation. This period of consolidation formed an almost perfect triangle on the chart.
Classically, triangles end up with a climax (break out) towards one side, often accompanied by a lot of volume and volatility.
Since EGLD is nearing the end of the triangle, I'm expecting volatility soon. With the crypto (and stock-) market seeing a strong reversal at this point in time, it's expected that EGLD will break bullish. Wait for a big green candle to confirm the break out.
Targets placed at recent tops.
Happy trading!
Classically, triangles end up with a climax (break out) towards one side, often accompanied by a lot of volume and volatility.
Since EGLD is nearing the end of the triangle, I'm expecting volatility soon. With the crypto (and stock-) market seeing a strong reversal at this point in time, it's expected that EGLD will break bullish. Wait for a big green candle to confirm the break out.
Targets placed at recent tops.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.