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$EGLD USDT (Monthly Update)
On the monthly chart, EGLD has broken out of a triangle pattern and reached the pink resistance area, which is also the yearly open. This level acted as a strong resistance, causing a rejection.
Currently, the price could return to the purple support area, an important area with high POC volume and the monthly open. This area has accumulated a lot of volume and could attract buyers, potentially pushing the price higher.
If the price breaks the pink resistance area, the next major target and resistance level would be the next pink area around $155. Patience is key—wait for confirmation before acting.
#$EGLD #Crypto #AnalyseTechnique #TradingCrypto #SignauxDeTrading #CryptoTrading
On the monthly chart, EGLD has broken out of a triangle pattern and reached the pink resistance area, which is also the yearly open. This level acted as a strong resistance, causing a rejection.
Currently, the price could return to the purple support area, an important area with high POC volume and the monthly open. This area has accumulated a lot of volume and could attract buyers, potentially pushing the price higher.
If the price breaks the pink resistance area, the next major target and resistance level would be the next pink area around $155. Patience is key—wait for confirmation before acting.
#$EGLD #Crypto #AnalyseTechnique #TradingCrypto #SignauxDeTrading #CryptoTrading