EGLD bull scenario 25th of July 2021
Hi guys,
We can observe that EGLD broke out of the descending channel, did a te-test and continued higher. Also an inverted h & s that already broke to the upside.
I am very bullish on the project for the next 40 to 60 days ( DEX is coming out next month ). Very low supply - under 30 mil.
Bull over 107 $ with a target in the 160$ area in the next 4 to 6 weeks.
Bear : under 73$ with some support at the 54$ area.
Not financial advice, trade safely guys.
Next resistance levels are the FIBS on the chart : 95$, 103$, 112$, 125$
We can observe that EGLD broke out of the descending channel, did a te-test and continued higher. Also an inverted h & s that already broke to the upside.
I am very bullish on the project for the next 40 to 60 days ( DEX is coming out next month ). Very low supply - under 30 mil.
Bull over 107 $ with a target in the 160$ area in the next 4 to 6 weeks.
Bear : under 73$ with some support at the 54$ area.
Not financial advice, trade safely guys.
Next resistance levels are the FIBS on the chart : 95$, 103$, 112$, 125$
