EGLD to break triange. Looking for higher levels.
Hi,
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
Kommentera:
Please be careful. This price action is not going according to plan. If we see a daily close below the support line, we will be seeing lower prices in the coming weeks.
Kommentera:
Kommentera:
Target met.
Also the EGLD/BTC chart is looking great. The flag structure has already been broken and retested as support.