EGLD weakening uptrend, possible reversal?Hello traders,
On 1H EGLDUSD chart we can see that last week EGLD pumped nearly 100 percent. It was without any bigger correction, EGLD just forme 2 triangles. Somebody may consider this as correction but i personally need something more deep. Also, another big factor that convinced me that EGLD may reverse its trend is RSI. We can see clear bearish divergence on RSI - RSI was falling while price was rising = storng signal that trend may be soon over and buyers are loosing power and strenght.
So i am opening short here, putting SL around 63-64 and i have 2 TPs and they are support lines which are market in chart with yellow. They are also bases for that 2 triangles.
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED
