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InkyGrip
Apr 21, 2022 8:42 AM

EGLDUSDT ready to explode? 💣 Long

EGLD / TetherUSBinance

Description

The price created a triple bottom on the daily support on 159% as you can see on the upper chart.
On the 4h timeframe the price bounced exactly on the 0.886 Fibonacci level and dynamic support. The price got liquidity and had a breakout from the descending Channel. Now the price is testing the weekly resistance as new support

How to approach?
The price needs to have a breakout form the 170$ with Volumes and Momentum, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐
Comments
AtlasTrades
Detailed EGLD/USD chart overview, thanks brother
InkyGrip
@AtlasTrades, thanks so much mate
DeGRAM
Love this well balanced logical analysis. Great job
InkyGrip
@DeGRAM, cool thanks a lot my friend
UnknownUnicorn15614419
thank you for in depth analysis
InkyGrip
@TradingStat, cheers buddy
CobraVanguard
exceptional analysis, keep it up
InkyGrip
@TheTreeTrader, you are welcome brother
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