EGLD - Bottom found?

28 de mai. de 2022

These are only my own personal opinions and speculative targets. From this chart the area with massive confluence is between $56-74. A very key level based on past price action is $65. We are also at oversold levels on the weekly timeframe and have green volume on the CM. This is where I would expect us to find a massive relief rally back to the upside. I have also added FIB levels of where to look for price targets to the upside. This is meant for a more long-term spot accumulation level rather than contract position range. Great for spot accumulation but may be dangerous with contracts in these market conditions.