Quick read of the new daily candle (price now ≈ $19.99, high $21.06) Factor What the chart shows Reading Now👇🤗
Today’s gain +26 % so far Very strong impulse Volume ~600 k EGLD (largest since the April‑25 spike) Real buying power, not a thin wick Bollinger Bands Price has punched straight through the upper band ($19.31) Over‑extended in the intraday sense; often we see a pause or pull‑back after a “band‑break” day Nearest support $18.70 – $19.00 (upper band zone) Area price could retest if profit‑taking starts Next resistance $21.50 – $22.00 (February/March supply) Sellers likely to sit there
Likely paths for the rest of the day
Scenario Probability What to watch A. Momentum push to $21.5–22.0 and close > $20.5 40 % BTC and broad market stay green; volume keeps climbing B. “Upper‑band fade” – intraday spike has already printed, candle wicks back and closes $19.0–19.5 45 % Profit‑taking appears, volume stalls, 4‑h candles start printing long upper shadows C. Full reversal back below $18.7 15 % Requires sudden market sell‑off; unlikely while order‑book still bid‑heavy
What this means for a fresh entry
Chasing right here (~$20) is high‑risk: R‑R is only 1–1.5 $ up to first resistance vs 2 $ down to support.
Higher‑probability plan:
1. Wait for a dip / retest zone $18.8 – $19.2.
2. If a bullish 1‑h hammer or strong green 4‑h candle forms there, enter with SL just under $18.5.
3. Targets: $21.5 then $22.8.
If price smashes through $21.5 with volume you can take a breakout entry on the retest of $21.0, SL $20.2, aiming for $23–24.
Bottom line
Today’s candle will most likely close between $19.5 and $21.5.
Best risk‑adjusted entry is on a pull‑back, not at the top of a +26 % bar.
$Current Price: $16.57 Technical View (Based on Recent Charts): Breakout Confirmation: Price has cleanly broken above the short-term resistance zone ($16.40–$16.60). Momentum is Bullish – Consecutive green candles, increasing volume, and strong bounce from $15 zone indicate buyers are in control. Next Resistance Levels: 1. $17.00–$17.20: Minor resistance – could cause a pause or small pullback. 2. $18.00–$18.50: Stronger resistance – where sellers might step in. Support Now: $16.20–$16.40 becomes new short-term support (was resistance earlier).
$EGLD Today Market Condition Resistance=15.80$Or16.00$ Support=14.80$or15$ This strategy See the now Egld condition Let's see I Hope Today Egld Make A Little Green Bar candle So price will Increase Chances 90%🤗💞 #viralmypost #TrendingTopic #foryoupage #Viralmyfeed #EGLD $BTC
$EGLD Egld broken the Support Level15.80 if Today Egld Close 15.80$ Or create a Green Pin bar Candle So price will Increase if today Egld close 15.20$15.30$ Between So again Bearish trend. #viralmypost #TrenddingTopic #foryou #UpdateAlert #EGLD $BTC