EGLDUSD will be up by 20% if it breaks cup and handle
It was quite clear from the 4H chart reading in the last two days that EGLD was due for a massive correction, and that is healthy at this point. 4 days back EGLD was quite oversold.
Today EGLD broke the long downward channel just above 151$ but has been retracing since then, but within that retrace pattern, we can observe a subtle cup and handle forming. If EGLD successfully breaks above without falling below the handle support, we can expect a 21% up to 187$.
Today EGLD broke the long downward channel just above 151$ but has been retracing since then, but within that retrace pattern, we can observe a subtle cup and handle forming. If EGLD successfully breaks above without falling below the handle support, we can expect a 21% up to 187$.
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