Elrond (EGLD) breaking out huge pennant for massive rally
Hi dear patrons, hope you are well and welcome to the new trade setup of Elrond (EGLD)
Previously we had a nice trade of EGLD
Now in reference to my previous post as below:
On a weekly time frame, priceline of EGLD is breaking out very big bullish pennant. Sofar we have closing above the resistance on hourly and 4-hourly, but in my opinion for early entry, we can take chance here.
1st target: $425
2nd target: $535
Stop loss: below the support of pennant.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Previously we had a nice trade of EGLD
Now in reference to my previous post as below:
On a weekly time frame, priceline of EGLD is breaking out very big bullish pennant. Sofar we have closing above the resistance on hourly and 4-hourly, but in my opinion for early entry, we can take chance here.
1st target: $425
2nd target: $535
Stop loss: below the support of pennant.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade