EGLDUSDT: Breakout Imminent or Breakdown Risk?Yello, Paradisers! Is EGLDUSDT gearing up for a big breakout or are we in for another setback? Let’s dive into the technicals to see what's at play.
💎EGLDUSDT has recently formed a descending triangle pattern accompanied by bullish divergence, showing promising signs with a W-shaped bounce from the support zone. But here’s the key: if EGLDUSDT can break above the resistance trendline of this descending triangle and breach the immediate resistance zone, the probability of a significant bullish m
Egldusdtanalysis
EGLD/USDStarting this week I will start the technical analysis on a project that I find more and more interesting
Thus ... EGLD / USD rejected from the Fibonacci 786 area on the 1 month chart and now in the long run it continues to force the 147-150 area!
however, in the short term I bet on a rejection from area 126-129 to area 97-102 and from there ... UP AGAIN to 150
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
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