MultiverseX, EGLD, deep retrace sets up 53x Algo target

13 нояб.

I seen a lot of this during the last cycle, deep retrace to 0.707... it was as if the big players had worked out that we were entering at golden pocket, so they shake us out by running it lower to the 0.707. To counter that I started entering on the .707 but they even started running through that before rebounding. fun and games 😂

While this is weaker than a few of the others I've posted I wouldn't count it out. last all time high was $475 for a mc of 10b. the algo target is $1582 giving a mc of 43b... yet another one that seems a bit extreme. again, not impossible, just extreme.

I've never looked into EGLD, is it something I should own?

See linked BTC chart for why my charts are so bull.


The Trade:

• Preferred Entry: $22.5 or a 0.618 retrace of this impulse wave (if we get one)
  
• Ape Entry: $29
  
• Stop: $20.80
  
• Resistance: $131 - order block + $157 bear golden pocket.
  
• Target: $1582
  

D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.

Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.