- EGLDUSDT was printing a pattern.
- That was a reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price then retraced for a retest of the falling wedge's resistance and 0.618 level.
- The retracement is resisted by the descending trendline resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the descending trendline resistance.
- Horizontal (R1).
- Horizontal (R2).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 level.