Long
EGLD target previous high
Be careful, the drop in BTC could drag EGLD down with it, so place stop loss and employ your money management strategy. This is just an idea which I consider high probability.
But, ignoring BTC, EGLD should go towards previous highs. Where I've drawn the white circle there is
1. trend line support
2. 200EMA support
3. Fib support
and bearish volume is dropping, buyers are stepping in. Also, last time RSI dropped below 40, it shot straight back up.
But, ignoring BTC, EGLD should go towards previous highs. Where I've drawn the white circle there is
1. trend line support
2. 200EMA support
3. Fib support
and bearish volume is dropping, buyers are stepping in. Also, last time RSI dropped below 40, it shot straight back up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.