Chibuike_Odoh

EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY

Long
BINANCE:EGLDUSDT   EGLD / TetherUS
ANALYSIS πŸ”Ž
- EGLDUSDT printed a bullish flag pattern.
- Price brokeout above the bullish flag resistance and had a retest.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.

Comments

is this analysis still valid sir?
Reply
@alkenes yes
+1 Reply
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