Will EGLD break above 300$ again?!
Here's a quick look at EGLD 1 hr chart. As we can see, the price has printed a bigger rising channel and is currently at the bottom the channel. This could be a good buy area, but we should be very careful of what BTC does next.
The best entry would be, when the price breaks above the Resistance line with good amount of volume .
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The idea is: Buy the breakout from the resistance line and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 288$
2. 300$
3. 324$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
The best entry would be, when the price breaks above the Resistance line with good amount of volume .
-------------------------------------------
The idea is: Buy the breakout from the resistance line and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 288$
2. 300$
3. 324$
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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