I received the updated image of EGLD. Let's analyze the situation:
Current price: 41.97 USDT.
Key Supports:
S1: 41.61 USDTS2: 40.44 USDTS3: 38.67 USDT
Resistances:
R1: 44.55 USDTR2: 46.32 USDTR3: 47.49 USDT
Considerations:
The price is testing the S1 support (41.61).Volumes have increased in the last red candles, indicating a possible increase in selling.Bullish Scenario: If the S1 support holds and we see a bounce with increasing volumes, we can target P (Pivot) 43.38 and then R1 (44.55).Bearish Scenario: If the price breaks S1 decisively, a test towards S2 (40.44) is likely