EGLD - Which road will we take?
Updated
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 entry.
If not, the fall will be inevitable and we would get to taste the depths of hell one last time before we take off.
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.
If we can escape the descending channel (represented by the blue lines), it would be a great entry.
If not, the fall will be inevitable and we would get to taste the depths of hell one last time before we take off.
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 also need to bear in mind, how EGLD is holding in the google trends. And there, it does not look very bright. After all, we do not trade cryptocurrencies, we trade human emotions. And people are unstable, you can not deny that. So nothing is certain.Note
First target hit.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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