EGLD has been in a downtrend from a price value of $213. After a long downtrend, the trendline has recently been broken and I expect some reaction to this. I expect a minimal pump towards $70.
I know the crypto space is currently in a bear market, but this is purely a price speculation on the broken trendline after which some pump is quite plausible. I long EGLD here, but also buy a small bag for the long term since EGLD is fundamentally a strong cryptocurrency. DCA is the play for me here.
I know the crypto space is currently in a bear market, but this is purely a price speculation on the broken trendline after which some pump is quite plausible. I long EGLD here, but also buy a small bag for the long term since EGLD is fundamentally a strong cryptocurrency. DCA is the play for me here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.