EGLD - Short Idea 12.02.2021
EGLD is overbought on the daily timeframe. The price rejected $142.85 level on the 4h TF and started to forming downtredn with a LH and LL.
On the 1h TF the price action is below EMA 50 and I expect a break of the $134 level and continuation towards the support at $130.
On the 1h TF the price action is below EMA 50 and I expect a break of the $134 level and continuation towards the support at $130.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.