EGLD/USDT (Trading at Resistance Zone)

Dec 5, 2020

💎Technical Analysis Summary💎


BINANCE: EGLDUSDT

-EGLD is up over 140% from the daily swing low up to the recent top
-The price is currently trading at a strong resistance zone between 0.5 - 0.618 Fib
-There is no sign of Bearish rejection yet as the daily candle about to close in a few hours
-If we want to stay in the Bullish momentum, EGLD must hold within this resistance area for at least 3-7 days
-But if the Bulls failed, we might expect correction even down back to the 11-10 dollars
-Please always examine both sides of the market so you can set a proper risk to reward ratio




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