EGLD - UPDATE - WAVE 2 OR 4

Obviously price reversed halfway on us and now it is about to hit the stop loss but the remember the setup below on previous analysis.

Now that we didn't reach target for that long this clearly gives a sign that we are in some kind of wave C-orange of wave 2 or 4-yellow and to avoid unnecessary loss the stop loss will be removed and DCAed within the orange box since EGLDUSDT is bullish mid to long term.

Depending on you risk tolerance, we you believe this to be wave 4-yellow rather than wave 2 then your invalidation level (red dotted line) is around $28.7 area.

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UPDATE

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this scenario is going according to plan. I hope the *emotional* traders are learning now. They said we are in a bullish cycle why is almost all your chart bearish.

New money don't know the market don't move in straight line. FTMUSDT

See other analysis for nice entries for the bullish continuation.

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EGLDUSDT

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resting in the box right now, yes that is where we want it that is where we are interested init? EGLDUSDT