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$EGLD CHART UPDATE
Quick look at the EGLD/USDT chart on the weekly timeframe :
👉🏼Bollinger Bands : We haven't had such tight banding since the creation of
$EGLD !🤯
👉🏼Almost 300 days of accumulation phase.
👉🏼Volumes completely flat.
👉🏼Weekly RSI : Slightly oversold area (42) : plenty of room for a bullish phase
What are all these indicators showing us?! 🧐
There is an EXTREME crush of volatility: this suggests a major price move coming 🔥
⁉️ THE QUESTION IS :
📈 or 📉?
Well given that we are coming on a -92% correction since ATH,
$BTC's bullish rally from its $15k to $29k and BTC dominance weakening :
✅ I think we will go NORTH in a very impulsive way! 😏
Add to that EGLD's increasingly strong fundamentals, only one option : 📈