@c5m2izsxwx, Personally I would hold this Gem, I look for buying opportunities like these bottoms, but I would not take my advice! Good luck bud!
UnknownUnicorn16740999
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@TraderWU, great analysis,looking for some decent entry points for long + stake. any opinions on that? 160 is enough or i should keep steady for next few days?
gusto93
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@c5m2izsxwx, Big-time HODL, in my opinion. Personal sources who are qualified and on the pulse are projecting a target of around 1K USD in 2021, with a longer-term bearish trend by early 2022 before it turns bullish again.
I'm confident this recent downtrend after a period of consistent, healthy gains is much like a rollercoaster -- It is simply hitting the bottom after the first peak, where all of the inertia comes from. Physics dictates that the inertia will only propel the coaster to heights lower than the initial peak -- that is, unless, there is a second carriage lift to bring it higher. EGLD is gaining attention as a viable altcoin, and I see that as the proverbial second lift to higher peaks, where the analogy will repeat.
I'm long on EGLD and clearly have faith in it haha. Happy trading to you!
jaystanley2
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Thanks Wu, lets hope she continues to rise throughout the day.
Made a couple nice trades during the mayhem and came out on top.
Keep up the good work.
@cicirrigi, Looks like its reinforcing 160 as support, we'll find out as new candles start to form, but I'm happy overall since a correction was due, had a nice bounce and now new support lines are formed.