EGLD Long 1h
EGLD shows strong bullish divergence which is a signal a rally upward is possible.
BTC conditions are favorable, btc made a resistance fakeout, returned back under it back shows only strength thus far and continuation rally is highly possible.
The only downside is that EGLD is rallying up with little retracement since 180 USD, also 250 level is a strong resistance - if it can be broken 300 area is a reasonable target.
BTC conditions are favorable, btc made a resistance fakeout, returned back under it back shows only strength thus far and continuation rally is highly possible.
The only downside is that EGLD is rallying up with little retracement since 180 USD, also 250 level is a strong resistance - if it can be broken 300 area is a reasonable target.
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