EGLDUSDT | MULTIPLE SUPPORTS
EGLDUSDT has been trading in a bullish parallel channel. The price on 4H time frame has approached to lower boundary of channel.
The same zone is confluence of multiple support.
1) Horizontal support
2) lower boundary of channel
3) 200SMA
4) 0.382 fib level
The bulls can show strong momentum at this confluence zone. A sustained move beyond 62.50 is needed to give complete control to bulls.
Manage your trades accordingly.
The same zone is confluence of multiple support.
1) Horizontal support
2) lower boundary of channel
3) 200SMA
4) 0.382 fib level
The bulls can show strong momentum at this confluence zone. A sustained move beyond 62.50 is needed to give complete control to bulls.
Manage your trades accordingly.
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