EGLD Technical Analysis – The Critical Mark Of $225 Is Not Taken

An increase in the EGLD price by 60% per month is quite a good indicator for investors. However, has this growth changed the global market situation? Has everyone expected the new growth trend? In our previous article, we predicted $225 test for buyers. This target has been achieved, but the EGLD price remains in consolidation. At the bottom of the consolidation, buyers keep the price through the trend line. This trend line was formed in June 2021 and successfully helped buyers in difficult situations. The top of the current consolidation is held by sellers with their trend line from December 2021. https://www.tradingview.com/x/7SYTnS5Z/ The basic range of $126 is under the control of buyers. So far, this fact is true, our main scenario is the breakdown of this consolidation upwards with the first target of $277 and the final – $400. The main question is whether sellers will be able to lower the EGLD price to $150 before this growth wave. Though, such a price fall will only increase investors’ interest in buying the EGLD cryptocurrency. At this point, the risks to the investment are minimal, while the potential return reaches about 180%. Technical Analysis Of EGLD On The Daily Timeframe https://www.tradingview.com/x/raE6Fmgg/ However, given the prospects for the growth of EGLD cryptocurrency should take into account the level of presence of sellers. During the trading day on 28 March, buyers tried to storm the $225 mark. But, ...