EGLDUSDT.PEGLDUSDTEGLDUSDC --- UUSH, the stable coin being developed by Hatom will be launching later this year. The injection of this liquidity into the MvX ecosystem will likely move prices higher. How much is debatable, but the opportunity for cross chain DeFi that Hatom is developing along with their new stable coin that can be minted using EGLD as collateral is likely to push the price of EGLD higher. EGLD will easilly go back up over $30, and will likely push to at least the recent highs in the mid $70's range from Dec and March of this past year. That represents a potential 3X from the current price. Down side risk is a drop to the current supply zone which is around $21-23 if a black swan occurs and BTC and the rest of the market collapses. Oct-Dec are seasonally bullish though for Crypto so I exepect the prices to rise.
EGLDUSDT Buy EGLD while you can, it's the lowest on all time frames. Thanks later, but look for me!I don't currently have any money in trading, I have no interest!It's like Solana 200 and at 10, Egld 500 and at 20...
EGLDUSDT.P this scenario is going according to plan. I hope the *emotional* traders are learning now. They said we are in a bullish cycle why is almost all your chart bearish.
New money don't know the market don't move in straight line.
See other analysis on my page for nice entries for the bullish continuation.
This is an update to the previous post and I want to call your attention to something noteworthy. First of all this is a short term trade, if a new high is created before a swing low (wave C-green), you should ignore the second trade setup. Lastly the minimum target is $78.72 (on Binance Exchange) once price reaches there, you should either trail or take profit or move stop loss to breakeven.