Long EGLD

4 ott 2022

EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost.

Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators.

• Breaking volume is two time bigger than the average.
  
• OBV broke its trendline and reverses.
  
• MFI broke also its trendline and reverses.
  
• CMF rose from negative to positive values and this indicates buy pressure is back.
  

A referenced TPs (blue lines) and SL (red one) are in chart.

Al the best!

13 ott 2022

Nota

EGLD still hold the current level although CPI news. It is consolidating in a diamond pattern and a break-out seems to happen soon. I expect a continuation upward.

14 ott 2022

Nota

Prices didn't close inside the diamond (so diamond pattern is invalidated).
The good news is that EGLD closed above the EMA 50D (current support) and hold.

20 ott 2022

Nota

TP1 $57.79 was hit.
EGLD is heading the next target.

21 ott 2022

Nota

It's better to move the SL to profitable zone or stop the trade here because BTC is weak.

25 ott 2022

Nota

EGLD is still consolidating around the TP1.
With the break-out of BTC today, I think that it will break this resistance to go to the next target quite soon.

27 ott 2022

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