EGLD / TetherUSShort
EGLD buy at 28 sell at 40 then rebuy at 19.50 Bear Flag Pattern
Updated
Not financial advice.
Classic Bear flag on weekly also on monthly and a Head and shoulders rejection on monthly charts as well.
Life trendline of EGLD is 27-28 range.
This would be my entry and look to resell right under the bear flag pendant at around 38-41.00 range
Completion of the bear flag would be a target of 19.32
DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
Classic Bear flag on weekly also on monthly and a Head and shoulders rejection on monthly charts as well.
Life trendline of EGLD is 27-28 range.
This would be my entry and look to resell right under the bear flag pendant at around 38-41.00 range
Completion of the bear flag would be a target of 19.32
DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
Note
41.93 is target before dropTrade closed: target reached
41.93 target reachedNote
The correction begins... 19.32 target if 27.50 is lost.
Trade active
We are trading within the 19.50-27.50 as speculated. Said these moves wouldn't happen overnight but I feel like the 19.50-27.50 will be a consolidation area moving forward.Chart was made 9 months ago and at the time I said practice patience. Now here we are.
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