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MultiversX (EGLD)
EGLD need no introduction as its project promises unique features as well as its price skyrocketed due to increasing popularity. EGLD's corrective wave didn't dropped much, currently price resting at 0.382 Fibonacci level and been oscillating at this level for a while. Have to wait and see if price can break upward and start a new impulse wave or going down further and deepen the correction. Let's see what happens.
Nota
EGLD is still oscillating around the 0.382 Fibonacci level, but this time a triangle pattern is visible. If price breaks this pattern downward, there are two resistance areas where price could reverse the direction depicted on the chart.
Nota
EGLD broke the downtrend line.
Nota
So, EGLD went up and is now oscillating in a flag/triangle pattern. Let's see when EGLD breaks this correction pattern.
Nota
So, EGLD broke the minor flag pattern, went up and reached the major horizontal resistance area. EGLD tried to break this area two times but couldn't, so went into correction to gather momentum. Let's see if EGLD can break this area this time or not.
Trade attivo
So, EGLD went down to the major horizontal area again to accumulate momentum. Now, it seems EGLD is ready for the next upward wave. Let's see what happens.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.