Hello traders 🐺 .
IF you remember my last idea about the EGLD , you know that in the last idea I was talked about the long term view of the EGLD and you can find it in the Related idea down below this idea , but in this idea I want to talk about the short term view of the EGLD :
In the chart above you can see that EGLD is breaking out from the minor W pattern inside the triangle pattern and now trying to retest the neck line as a new support , and as you can see in the chart I showed you the possible path for the EGLD price and after reaching the W pattern target , EGLD will faced to a daily resistance ( blue box) which is in alignment with the triangle upper trend line and also it's a W pattern price target .
But after testing the daily resistance , EGLD may goes down again and consolidation between the daily boxes , and after that decided to break from the triangle .
If you are currently in the long position , you can puts your take profit around the daily resistance box at 180$ , but still there is chance for goes further above , so trade based on your trading strategy .
IF you remember my last idea about the EGLD , you know that in the last idea I was talked about the long term view of the EGLD and you can find it in the Related idea down below this idea , but in this idea I want to talk about the short term view of the EGLD :
In the chart above you can see that EGLD is breaking out from the minor W pattern inside the triangle pattern and now trying to retest the neck line as a new support , and as you can see in the chart I showed you the possible path for the EGLD price and after reaching the W pattern target , EGLD will faced to a daily resistance ( blue box) which is in alignment with the triangle upper trend line and also it's a W pattern price target .
But after testing the daily resistance , EGLD may goes down again and consolidation between the daily boxes , and after that decided to break from the triangle .
If you are currently in the long position , you can puts your take profit around the daily resistance box at 180$ , but still there is chance for goes further above , so trade based on your trading strategy .
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🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
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.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
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.