EGLD - ONE LAST HIGH BEFORE CORRECTION

Expecting this 4 or approximately 3 risk reward setup for EGLDUSDT if I am not mistaken, we should be ending the wave 5-orange as an Expanding Diagonal to complete this impulse or we could see the first setup get invalidated and liquidity taken at $46-43 region to complete a Zigzag for wave C-green of wave 4-orange.

If you are taking the first setup the invalidation (stop loss) is the previous swing low or call it higher low but if you are taking the second setup the invalidation level is $28.76 on Binance perpetual.


OTHER ANALYSIS

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