CryptoPAMM

EGLDUSDT Probabilities for a 60% Upswing

Long
CryptoPAMM Updated   
BYBIT:EGLDUSDT.P   EGLDUSDT Perpetual Contract
EGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.

This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements.

In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
Trade closed: target reached

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