🔥 EGLD Channel Held: Bullish Price Action

A while ago I made an analysis on EGLD. I argued that EGLD was still trading inside a bullish channel and that bullish price action was to be expected.

Sadly enough, price action died down after I made the call, and we moved back down.

However, EGLD has once again bounced from the bottom trend line of the channel, causing another huge bullish move.

For this analysis I want to keep the targets a bit closer. First target at $255, second at $300 (current ATH).

Happy trading!