Long EGLD

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!

Yorum:

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.

Yorum:

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.

Yorum:

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

Yorum:

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

Yorum:

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.

İşlem elle kapatılmış:

closed due to fall of biggest tech companies