eGLD Retains Ascending Channel Support
Updated
eGLD had a parabolic move on the launch of their latest service of the Elrond Blockchain - the Maiar DEX. After the inevitable retrace, it has found support at the equilibrium of the long term ascending channel. Looking for a continuation of the long term bullish outlook as long as the overall macro picture for the crypto markets is held.
Note
*** update, the upward move is invalidated if the mid line is lost. Would be looking to set bids at around $128 if this plays out.Note
Update to this - followed invalidation and filled bids at $125. Fib extension levels and midline of the channel will be lines for TP.
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