Hello folks! Today I want to set out a few things on eGLD/USDT pair, so we can further have a clearer view upon this chart.
Resistance:
- $9.8 (up to $10.4 - both daily)
- $12.3 (daily)
* - $13.4 (weekly)
- $14 (daily)
If we have a clear breakout above $10.4 on daily, next target is $14, with a possibility of price ranging around for a bit between $11.3-$12.3.
Support:
- $8.7 (32.8 fibo level - daily)
- $7.8 (daily)
* -$7.56 (weekly - never closed below !!)
- $6.9 (daily)
If we close below $8.7 on daily, next target is $7.8. Same thing on this level (clear breakout below $7.8 -> $6.9 - BUT on weekly, most probably, price will go up to close above $7.56).
Accumulation zone: $6.9 - $7.8
Personal view: On short term, I think this day or the next one (28.11) we will close below $8.7 so we can retest $7.8 (or as close as possible). From there, we will reject and keep going up, forming higher lows and then higher highs. THIS IS JUST MY PERSONAL VIEW, SO YOU AND ONLY YOU ARE RESPONSIBLE FOR YOUR OWN TRADES! Even if this price prediction fails, support and resistance levels are still valid so stick to them!
Wish you all good luck and stay safe!
This is not financial advice
Resistance:
- $9.8 (up to $10.4 - both daily)
- $12.3 (daily)
* - $13.4 (weekly)
- $14 (daily)
If we have a clear breakout above $10.4 on daily, next target is $14, with a possibility of price ranging around for a bit between $11.3-$12.3.
Support:
- $8.7 (32.8 fibo level - daily)
- $7.8 (daily)
* -$7.56 (weekly - never closed below !!)
- $6.9 (daily)
If we close below $8.7 on daily, next target is $7.8. Same thing on this level (clear breakout below $7.8 -> $6.9 - BUT on weekly, most probably, price will go up to close above $7.56).
Accumulation zone: $6.9 - $7.8
Personal view: On short term, I think this day or the next one (28.11) we will close below $8.7 so we can retest $7.8 (or as close as possible). From there, we will reject and keep going up, forming higher lows and then higher highs. THIS IS JUST MY PERSONAL VIEW, SO YOU AND ONLY YOU ARE RESPONSIBLE FOR YOUR OWN TRADES! Even if this price prediction fails, support and resistance levels are still valid so stick to them!
Wish you all good luck and stay safe!
This is not financial advice