Hello traders,
On 1H EGLDUSD chart we can see that last week EGLD pumped nearly 100 percent. It was without any bigger correction, EGLD just forme 2 triangles. Somebody may consider this as correction but i personally need something more deep. Also, another big factor that convinced me that EGLD may reverse its trend is RSI. We can see clear bearish divergence on RSI - RSI was falling while price was rising = storng signal that trend may be soon over and buyers are loosing power and strenght.
So i am opening short here, putting SL around 63-64 and i have 2 TPs and they are support lines which are market in chart with yellow. They are also bases for that 2 triangles.
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED
On 1H EGLDUSD chart we can see that last week EGLD pumped nearly 100 percent. It was without any bigger correction, EGLD just forme 2 triangles. Somebody may consider this as correction but i personally need something more deep. Also, another big factor that convinced me that EGLD may reverse its trend is RSI. We can see clear bearish divergence on RSI - RSI was falling while price was rising = storng signal that trend may be soon over and buyers are loosing power and strenght.
So i am opening short here, putting SL around 63-64 and i have 2 TPs and they are support lines which are market in chart with yellow. They are also bases for that 2 triangles.
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED