A while ago I made an analysis on EGLD. I argued that EGLD was still trading inside a bullish channel and that bullish price action was to be expected.
Sadly enough, price action died down after I made the call, and we moved back down.
However, EGLD has once again bounced from the bottom trend line of the channel, causing another huge bullish move.
For this analysis I want to keep the targets a bit closer. First target at $255, second at $300 (current ATH).
Here's how I'll trade it