EGLD Technical Analysis: Situation Is In Favour Of Sellers

5 weeks in a row of systematic price reductions, and even without volumes- this is exactly what the EGLD market can boast of during April and early May 2022. The EGLD price has broken the trend line of the black growth channel and stopped at the last critical point from which buyers can impose a struggle. This is in the $125 range. Of course, how the ELGD price has reached this range can not help but worry. The lack of resistance from buyers near the $125 mark and a zero counterattack after the closing of the weekly candle on 25 April tells us that there is no interest in investing in this price range. However, during consolidation, trading volumes near its borders can often lie. https://www.tradingview.com/x/ndgEnDpm/ However, given the danger of the entire cryptocurrency market collapse, we do not recommend investing much of the deposit in EGLD. If you plan to buy EGLD in the range of $125, the second purchase should be after fixing the price above $227. Just above this mark, buyers will prove that they control the market and are ready to continue to grow with the first target of $430. Technical Analysis Of EGLD On The Daily Timeframe https://www.tradingview.com/x/VzwcWl4m/ Analyzing the EGLD price movement on the daily timeframe, you can see a little more positive. For the first time, daily candles from 30 April began to slow down significantly near the critical mark of $125. The trading volumes that sellers tried to push t...