We have been forming a big descending wedge for a while, but as we can see we have a ascending wedge forming in the shorter term which happens to collide with our descending wedge. By about 1900 EST Aug 31 I believe we will see the outcome. I can only remain in a neutral standpoint from this chart. But in the long term I believe the upcoming release of the Maiar...
Although I do believe we are entering another bull cycle, I do not believe this is how the EGLD chart will play out. This is strictly for the meme, but who knows maybe we do see a massive inverse head and shoulders.
As of 02/11/21 21:00 EST EGLD is trying to find resistance in the 155-160 range. It has had a massive run up this past week. Why you ask, well I think this is do to many people finding out about there staking and delegation rewards which tends to be very high. I am not a financial advisor take everything thing I say as a grain of salt . In the chart you can see 2...
