As of today, EGLD has finally broken out of a dynamic resistance line which has been holding since early April of this year. In September the price tried to break out as well, but failed and caused the September correction.
Two targets are based on the 1.618 and 2.00 Fibonacci Extension, $375 and $450 respectively. Be aware that these are longer term targets and might take a while to be reached.
Happy trading!
Two targets are based on the 1.618 and 2.00 Fibonacci Extension, $375 and $450 respectively. Be aware that these are longer term targets and might take a while to be reached.
Happy trading!
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