💎 Paradisers #EGLD is currently aligning itself along an ascending trendline. This trendline intersects with a critical support level at 46.76.The confluence of these factors raises the probability of bullish horizons. If #EGLD can maintain momentum at this level, we might witness a delightful upward surge.
💎 Our keen-eyed observations reveal that #EGLD has recently formed a double-top pattern, followed by a subsequent downward trend.However, there’s hope on the horizon. The price is now approaching the strong support level of $46.76, which coincides with the ascending trendline.The fact that the price has already respected this level twice, coupled with sustained upward momentum, suggests a potential bullish movement.
💎 As savvy traders, we’re always prepared for different scenarios. If #EGLD doesn’t rally as expected and this bullish setup falters, let’s keep our eyes on another critical level.Our Point of Interest (POI) shifts to the lower demand zone at $0.3467. A bullish rebound from this point could be in the cards.
💎 However, a word of caution: breaking below this point might signal a significant downward trend. Stay vigilant, adapt your strategies, and may the crypto winds be ever in your favor!