Hi everyone!
The
EGLD
price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point,
EGLD
is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline.
Top buying zones (supports)..
48,35$ - 46,39$
41,70$ - 41,16$
35,96$ to 33,63$
29,94$
26,73$
No financial advise.
The
EGLD
price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point,
EGLD
is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline. Top buying zones (supports)..
48,35$ - 46,39$
41,70$ - 41,16$
35,96$ to 33,63$
29,94$
26,73$
No financial advise.
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www.tradingview.com/gopro/?share_your_love=Crypto_Mercy
Visit my Website, crypto-mercy.com/
Join me on Youtube at : www.youtube.com/c/CryptoMercyTrading