EGLD is launching a new decentralised exhange in less than 9 days.
Fibonnacci circles on this graph may push the price up to 990usdt.
This is not an advice to buy. Just a technical analysis that can be wrong or right.
Current price of EGLD is now 208 USDT.
Having this price means a X5 so it’s still huge to make this scenario real… please stay safe
Next move ! Excellent entry point for a short position.
Be careful, use a very short SL
If we close a 4 hour candle upper the orange line, we can go long to the other resistance.
It should go higher, because there is no resistance.
At the end of the bubble Buy !
At the end of the Bubble Buy !
We see on the charts a of 1h a strong break of the price on that high level of the trendline with a high volume and a massive green candle , the price now is doing a correction and if it stays above the new support , the price of BTCUSD may continue to rise and reach new prices . But if it is a fake breakout the orice will continue to range between the levels of 55.000 and 59.000.
