Rhaonnor

EGLD fakeout?

Short
Rhaonnor Updated   
BINANCE:EGLDUSDT   EGLD / TetherUS
EGLD broke important resistance at $53.40, yesterday, but today is below it again.
Daily candle close will confirm or not the fakeout.
Anyway do not expect huge pumps in a bear market.

Next support is at $40 and I’m sure will break it, after all.

The first crucial support to watch is around $25.

Comment:
As expected fakeout confirmed!
Wait for todays close for a stronger confirmation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.