$EGLD — recovery needs to reclaim 4.5
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The price is below its 20-day average; the pullback has not yet turned into confirmed growth.
A daily close above 4.5 and holding that level on a retest would strengthen the case for testing 4.8—the recent high.
A daily close below 3.5 would invalidate the thesis that the large base will hold. Previous highs above 5 remain distant targets for now.
Subscribe and like in advance
The price is below its 20-day average; the pullback has not yet turned into confirmed growth.
A daily close above 4.5 and holding that level on a retest would strengthen the case for testing 4.8—the recent high.
A daily close below 3.5 would invalidate the thesis that the large base will hold. Previous highs above 5 remain distant targets for now.