EGLD is printing a Bull Flag right now,
the question is ... is it a fakeout? We have to keep in mind that Bulls are still in control on the daily, Weekly, Monthly etc...
Potential targets of this bullflag is 263-264$ and can push to 271$.. even 277$. Let's see how this play out.
To breakout we need to go over all those resistances
-4 hour chart MA21 at 176.75$
-6 hour chart MA21 at 176.80$
-12 hour chart MA9 at 177.566$.
-2 hour chart MA50 at 179.89$
-0.236 fibonnaci at 176.553$
Keep in mind that this bull flag can turn in a triangle, if you want to try the swing.. get in after a confirmation over 180-181$... let them go over first.. and buy the retest of 180$ 177$. Always play with good Risk Management... Another way to play it is to wait the confirmation over the last ATH at 217$, after 217$ will be confirmed new support your good to 264$ (more than 20% gain).
One thing to note is that.. if we don't go lower short term and want to go directly in W5... 272.367$ is the 261.8% fib...
which would match with the destination of this bullflag.
Best to you my friends. Let me know what you think and what you see.
the question is ... is it a fakeout? We have to keep in mind that Bulls are still in control on the daily, Weekly, Monthly etc...
Potential targets of this bullflag is 263-264$ and can push to 271$.. even 277$. Let's see how this play out.
To breakout we need to go over all those resistances
-4 hour chart MA21 at 176.75$
-6 hour chart MA21 at 176.80$
-12 hour chart MA9 at 177.566$.
-2 hour chart MA50 at 179.89$
-0.236 fibonnaci at 176.553$
Keep in mind that this bull flag can turn in a triangle, if you want to try the swing.. get in after a confirmation over 180-181$... let them go over first.. and buy the retest of 180$ 177$. Always play with good Risk Management... Another way to play it is to wait the confirmation over the last ATH at 217$, after 217$ will be confirmed new support your good to 264$ (more than 20% gain).
One thing to note is that.. if we don't go lower short term and want to go directly in W5... 272.367$ is the 261.8% fib...
which would match with the destination of this bullflag.
Best to you my friends. Let me know what you think and what you see.
Bình luận:
We are now over the 4hr and daily VWAP.
Bình luận:
Daily Vwap and 4hours VWAP are now support
Bình luận:
Giao dịch đang hoạt động:
EGLD has formed 2 options, 1 Rising Channel and 1 Falling channel. Will be a compression at the intersection, it can go up or down.
Bình luận:
Giao dịch đang hoạt động:
Possible W2 targets
Bình luận:
Shooting Star on the Weekly.. bearish Candle.. must watch for confirmations on the down side.
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Visit my Website, crypto-mercy.com/
Join me on Youtube at : www.youtube.com/c/CryptoMercyTrading