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Egldusdt

[UPDATE EGLD] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use EGLD as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO. Reclaim 38 and we can talk about "deviation" for now
CRYPTO:EGLDUSD
by Homocryptus
1
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT In the current chart, R2 used to be a support area and R1 is the resistance line that contains the unsuccessful attempts of price to rise at various points. And S1 is our support line at the bottom. Therefore, the price is fluctuating below R1 and by reaching the mentioned line, we will have two possibilities. Either a rising or a falling trend. If we have some rising signs at this point, then we should wait for an increase. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals