​​👁‍🗨EGLD Analytics.

The coin began its upward trend by forming a double bottom pattern, which I noted on the chart, after which, through the range of accumulation and reaccumulation, we came to the current local high, where the buyer eased the pressure and the coin went into a correction. This was followed by a second attempt to break through the resistance level of $73.41, but nothing worked and the coin only formed a double top pattern, after which it went into correction again 🔚

The coin is globally exposed to the market sentiment of positive market participants developing a long trend for the asset. According to the Aroon indicator, on the lower half we will see a red line (Aroon Up) and a blue line (Aroon Down). In the first section, you can see that Aroon Down is on top most of the time - this means that the market is trending upward, which can have a positive effect on the price values ​​of the chart over the course of several days.

However, volumes in the coin are at a low level, as is the influx of liquidity in the asset, which indicates the ambiguity of the situation and the importance of maintaining the current support level at $52.37 (there have already been several episodes of liquidity withdrawal) ✔️

The CMF (Chaikin Money Flow) oscillator has gone above zero and is tending to one, which clearly indicates that there are many more buyers in the asset than sellers at the current time, however, if the indicator’s position shakes and the values ​​reverse, we will see a decline in the coin first to the support of $51.50, and in case of its breakdown to $43.53 🔙

There is a clear increase in the main and signal lines of the KST indicator, as well as the intersection of SIGNAL and KSR from bottom to top. We broke through the symmetrical triangle into a long position, which had a positive effect on the asset. We have gone below the slope and if we cannot regain our positions, further decline will await us.

🔜Brief perspective: To continue the growth of the asset, it is important to return above the slope, since otherwise we will face a decline to the support of $52.45. If we do not hold $52.45, the trend will change and we will face a further decline.#wrete2earn