EGLD/USDT Technical Analysis Update ( Bearish Flag )
Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected
Introduction:
In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin.
Current Price Action:
EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32.
Technical Analysis:
Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout.
Conclusion:
It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice.
Takeaways:
EGLD is currently facing a bearish trend and is down 92% from its all-time high.
Based on chart analysis, we can expect the price to reach a target of $29.
The bearish trend will only end if the price breaks out above the $52 level and sustains above it.
Always trade with a safe zone and conduct your own research before investing in any coins.
Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Introduction:
In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin.
Current Price Action:
EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32.
Technical Analysis:
Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout.
Conclusion:
It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice.
Takeaways:
EGLD is currently facing a bearish trend and is down 92% from its all-time high.
Based on chart analysis, we can expect the price to reach a target of $29.
The bearish trend will only end if the price breaks out above the $52 level and sustains above it.
Always trade with a safe zone and conduct your own research before investing in any coins.
Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
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