EGLD - Hype fading away ?
Updated
We reclaimed the consolidation zone but we did not manage to hold it even for a day.
The possibility of falling hard is very high now. Maybe the 80-100 $ zone will hold, but who knows.
I did not change anything from my previous analysis. I just added lines to show the descending channel in which we are currently suffocating.
You can not hype this sh*t anymore, we need to fall in order to grow.
The possibility of falling hard is very high now. Maybe the 80-100 $ zone will hold, but who knows.
I did not change anything from my previous analysis. I just added lines to show the descending channel in which we are currently suffocating.
You can not hype this sh*t anymore, we need to fall in order to grow.
Note
We are back in the consolidation zone. Will we be able to hold it this time? If we can escape the descending channel (represented by the blue lines), it would be a great entrance.
Good luck trading and be careful, we can still fall badly, so I don't recommend using leverage at all until we get out of the descending channel.
Note
We bounced from the descending channel once again, it is not looking very bright.We will see if we can hold the consolidation zone (represented by the white lines.)
If not...we will touch the bottom once again. (65 $)
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