🔥 EGLD Finally Broke Out: Bull Trend Continued

Around a week ago I made an analysis on EGLD. Here I argued that EGLD was following a bullish channel and was most likely making a shot for a new all time highs in the near future.


As of today, EGLD has finally broken out of the $255 resistance. Currently, BTC is slightly bearish, and EGLD is testing the $255 prior resistance as support. In case the $255 support holds, I'm looking at a strong move towards $300, potentially $325.

In case the support doesn't hold, expect the channel support to offer a potential bounce.

Happy trading!