It was a fake breakout, afterall.
On September 28, I spotted a potential bullish breakout on
$EGLD - which ended up being a bull trap, sending the prices downwards.
Right now, a two-month uptrend line is seeking support.
It had a brief deviation in the form of a daily wick, unclosed.
Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling.
Resist, and we remain on the same page.
Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames.
Lower time frames are uncertain.
