Another short analysis.
EGLD is currently consolidating at monthly/weekly support that has been tapped 3 times previously. All 3 times it has bounced from this region (60-70 dollar region.
Multiple Bullish divergences on the 4H.
A long from here with invalidation below 60 dollars. Aiming for the supply zone that starts at $72
Targets:
- 69
- 72
- 76
EGLD is currently consolidating at monthly/weekly support that has been tapped 3 times previously. All 3 times it has bounced from this region (60-70 dollar region.
Multiple Bullish divergences on the 4H.
A long from here with invalidation below 60 dollars. Aiming for the supply zone that starts at $72
Targets:
- 69
- 72
- 76