EGLD/BTC (Awaiting Breakout Direction)

💎Technical Analysis Summary💎


BINANCE: EGLDBTC


-EGLD is on a strong downtrend
-The price is currently trading in a ranging channel
-It will either break to the upside or downside
-So to protect your self from the wrong direction
-Waiting for the breakout direction is the is the best option
-If the market breaks to the upside above the channel box
-That is good confirmation to enter a Buy position
-Target is up to 900 sats or higher
-But if the market breaks lower below the channel
-That would be a good selling position



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