EGLD is bleeding against btc since nov-2021 , if 0.00085-0.00070 does not support prices , we could see more blood to come for multiversx .
0.0005 area is target 2 , we have 0.0004-0.00025 as area 3 .
the downside continuation could give as 17-10$ for EGLD only it stops bleeding against btc or btc soar to 40K levels , here we can see btc.d go higher and perhaps egld/btc surgs to the targets i gave without lower prices in dollar pairs, otherwise , low btc 23-26k level with low egld/btc price , is not good for EGLD .
note that : the first target coincides with 2021 yearly open , fib clusters ,trend line and an order block(demand area) .
this is not a financial advice
thank you
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for now first area holds, gave egld clean 30% gain
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first area was able to send EGLD for 160% , what a perfection