EGLD/USDT Alert: Wedge Pattern Sparks Bullish Momentum!
💎 Hey Paradisers, let's explore EGLD/USDT. Zooming in on the daily chart, a falling wedge pattern has emerged over time. Right now, it's getting closer to a strong support trendline, and a noticeable bullish MACD divergence is in play.
💎 If EGLD/USDT stabilizes on this support line and breaks the 29.82 level, we might be gearing up for an exciting bullish momentum. Potential targets? Our sights are set on resistance at 33.64 and maybe even 36.31. Interestingly, a bounce from the support could catch rookie short traders off-guard. Those who shorted at the previous low might get trapped, and as the price climbs past their entry points, triggering their stop losses, we could witness a bullish surge.
💎Stay alert and trade smart, ParadiseSquad!
💎 If EGLD/USDT stabilizes on this support line and breaks the 29.82 level, we might be gearing up for an exciting bullish momentum. Potential targets? Our sights are set on resistance at 33.64 and maybe even 36.31. Interestingly, a bounce from the support could catch rookie short traders off-guard. Those who shorted at the previous low might get trapped, and as the price climbs past their entry points, triggering their stop losses, we could witness a bullish surge.
💎Stay alert and trade smart, ParadiseSquad!
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