The 180$ area shows a lot of strength, I think that is the local bottom so far for EGLD. A clear breakout sustained by volume would push the price further into 240 / 270$ area.
Not financial advice, trade safely guys !
New All Time High!
In this post I talk about the following points:
1. Uptrend (Market Structure)
2. Role Reversal (SNR)
3. EMA Alignment 20,50,100
4. Build up + RSI = Breakout
So $EGLD prices have made a bullish impulse leg where prices corrected to the 0.382 FIB, followed by a small correction and another push higher creating a new higher high. Prices are now pulling back slightly and will need to create a higher low to continue its move higher again.
We have set up and are ready to send the next wave of signals to our...
Confluence long trade:
High quality trade of EGLDUSDT in about to occur in an area of confluence between 150-155$ price level.
Following TA tools confluence in that specific price range for the daily TF:
1. Support zone (grey rectangle box)
2. Fibonacci retracement levels of 50 and 61.8
3. Trend line of the main bullish trend (in yellow)
4. 21 EMA in daily...
$EGLD looking very bullish still even though we have been seeing consolidation across the market. We have two support zones/order blocks where liquidity can been captured to take prices higher again. It all depends on how well $BTC holds its levels. Go to our last $BTC to reference levels it needs to hold to push prices higher.
EGLD is overbought on the daily timeframe. The price rejected $142.85 level on the 4h TF and started to forming downtredn with a LH and LL.
On the 1h TF the price action is below EMA 50 and I expect a break of the $134 level and continuation towards the support at $130.
$EGLD prices have seen some insane gains recently, looking extremely bullish with plenty of space to continue pushing into. Theres two order blocks to act a as support for prices to then push higher, if they fail to act as support then expect a correction down tot the 50MA to occur.