With EGLD finding support late January, a bullish channel has been formed on the chart. This pattern goes back all the way back to 2021, so we should definitely pay some attention to it.
Over the last couple of days, we've seen another bounce from the lower trend line. If we can get some bullish news in the coming days, I'm expecting a move towards the $200 area. However, if we get more bearish news, there's a decent chance that we're going to end up below the support. In that case, $100 might be a realistic target.
Happy trading!
Over the last couple of days, we've seen another bounce from the lower trend line. If we can get some bullish news in the coming days, I'm expecting a move towards the $200 area. However, if we get more bearish news, there's a decent chance that we're going to end up below the support. In that case, $100 might be a realistic target.
Happy trading!
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