EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
In the current chart, we see R1 as our resistance area that includes the unsuccessful attempts of the price to rise. S1 used to be a resistance area and S2 is a support area at the bottom of the chart. Hence, the price is fluctuating below R1 and our expectation would be a little rise for it to reach the height of this area and there we should receive some falling signs in order to activate the short position and predict a decline up to S1 or lower than that. It is not so probable for the price to rise over R1.
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