EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY Long

EGLD / TetherUSBinance

Description

⋅ Feb 20, 2021 10:43 AM

ANALYSIS 🔎
- EGLDUSDT printed a bullish flag pattern.
- Price brokeout above the bullish flag resistance and had a retest.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.

Comments

alkenes

⋅ Feb 20, 2021 9:29 PM

is this analysis still valid sir?

Chibuike_Odoh

⋅ Feb 20, 2021 9:51 PM

@alkenes yes