$EGLD

/USDT Technical Analysis and Trade Signals

Current Price: $53.71 (+13.24%)

Momentum: Bullish (Strong buying pressure indicated by volume and price movement)

Key Indicators:

RSI: Near 70 (Overbought Zone - Caution for retracement)

MACD: Bullish crossover with rising histogram.

Moving Averages:

50 EMA: $51.20 (Price above, confirming uptrend).

200 EMA: $48.10 (Golden Cross visible).

Trade Signals:

Entry Zone: $53.50–$53.80 (Pullback buying recommended).

Targets 🎯:

1. Target 1: $55.50 (Short-term resistance).

2. Target 2: $57.80 (Mid-term resistance).

3. Target 3: $60.00 (Major psychological level).

Stop Loss:

Place below $51.50 to manage risk.

Trade Momentum:

Short-term: Bullish, driven by high volume.

Mid-term: Consolidation likely near $55.50 before further breakout.

Long-term: Strong uptrend continuation expected if volume sustains.

Caution: Monitor $54.76 (current 24h high); failure to break above may lead to consolidation or retracement. Adjust targets accordingly.

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