EGLD to break triange. Looking for higher levels.
Hi,
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
Note
Also the EGLD/BTC chart is looking great. The flag structure has already been broken and retested as support.
Note
Please be careful. This price action is not going according to plan. If we see a daily close below the support line, we will be seeing lower prices in the coming weeks.Note
Note
Target met.
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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.