EGLDUSD - Heavily Correlated to Ethereum
Many similarities are drawn in both charts
A large up channel, that so far hasn't broken
Two bottoms along this channel
Top points in relatively similar positions on both charts
A flat 200MA
This could be a sign that coins like EGLD are less correlated to BTC but more to ETH
A large up channel, that so far hasn't broken
Two bottoms along this channel
Top points in relatively similar positions on both charts
A flat 200MA
This could be a sign that coins like EGLD are less correlated to BTC but more to ETH
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