Around a week ago I made an analysis on EGLD. I argued that there was a decent chance for the price to follow the bullish channel in the near future.
In the end, the price needed one more re-test of the channel's support line to confirm the trend.
As it stands now, a bullish reversal is in place, and we're looking at a decent upside move. First, the $255 resistance has to be broken, which I think won't take much longer. Main target of the current move is $300, the current ATH.
Happy trading!
In the end, the price needed one more re-test of the channel's support line to confirm the trend.
As it stands now, a bullish reversal is in place, and we're looking at a decent upside move. First, the $255 resistance has to be broken, which I think won't take much longer. Main target of the current move is $300, the current ATH.
Happy trading!
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