🔥 EGLD Triangle Break Out: Volatility Incoming
Since the massive drop last weekend, EGLD has been seeing a prolonged period of consolidation. This period of consolidation formed an almost perfect triangle on the chart.
Classically, triangles end up with a climax (break out) towards one side, often accompanied by a lot of volume and volatility.
Since EGLD is nearing the end of the triangle, I'm expecting volatility soon. With the crypto (and stock-) market seeing a strong reversal at this point in time, it's expected that EGLD will break bullish. Wait for a big green candle to confirm the break out.
Targets placed at recent tops.
Happy trading!
Classically, triangles end up with a climax (break out) towards one side, often accompanied by a lot of volume and volatility.
Since EGLD is nearing the end of the triangle, I'm expecting volatility soon. With the crypto (and stock-) market seeing a strong reversal at this point in time, it's expected that EGLD will break bullish. Wait for a big green candle to confirm the break out.
Targets placed at recent tops.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.