EGLD Eyes Tactical Rebound from Structural Support

10 Apr

EGLD remains in a defined macro downtrend since its $544 ATH, but the current price action is reacting once again at a key lateral trendline that has historically triggered major bullish rebounds. The ongoing bounce from this structural support suggests a potential short-term rally toward the $40 resistance zone.

We're positioning within the immediate demand zone, with close attention on price behavior at the nearby weak resistance, which could cap this relief move. A breakdown below this demand region, however, opens the door for deeper downside toward the critical support zone highlighted on the chart.

24 Apr

Dagangan aktif

moving slowly as expected