FieryTrading

🔥 EGLD Channel Held: Bullish Price Action

Long
BINANCE:EGLDUSDT   EGLD / TetherUS
A while ago I made an analysis on EGLD. I argued that EGLD was still trading inside a bullish channel and that bullish price action was to be expected.


Sadly enough, price action died down after I made the call, and we moved back down.

However, EGLD has once again bounced from the bottom trend line of the channel, causing another huge bullish move.

For this analysis I want to keep the targets a bit closer. First target at $255, second at $300 (current ATH).

Happy trading!

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