EGLD/USDT has reached the support point and I think it is read
EGLD/USDT has reached the support point and I think it is ready to move up.
The EGLD/USDT has hit relatively strong support at $ 246 and I expect it to move up.
RSI and MACD chart show a exaggerated divergence. (+ED)
Of course, we have to wait for a positive move to happen on the chart and we will not buy now.
In the MACD chart, you have to wait for the SIGNAL line to move up (the same blue line in the MACD)
Target : 256 / 264 / 270 / 276 / 283
Stop lost : 240
Note that all analysis is done according to the current market conditions and if something special happens to Bitcoin, it can affect all Altcoins and lead to a fundamental market instead of a technical one.
This is just a suggestion based on my own analysis.
You are responsible for your own sales.
I apologize if I explained somewhere wrong and thank you very much for reading my article.
The EGLD/USDT has hit relatively strong support at $ 246 and I expect it to move up.
RSI and MACD chart show a exaggerated divergence. (+ED)
Of course, we have to wait for a positive move to happen on the chart and we will not buy now.
In the MACD chart, you have to wait for the SIGNAL line to move up (the same blue line in the MACD)
Target : 256 / 264 / 270 / 276 / 283
Stop lost : 240
Note that all analysis is done according to the current market conditions and if something special happens to Bitcoin, it can affect all Altcoins and lead to a fundamental market instead of a technical one.
This is just a suggestion based on my own analysis.
You are responsible for your own sales.
I apologize if I explained somewhere wrong and thank you very much for reading my article.
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