🚀 $EGLD is showing a potential technical setup!

The weekly chart displays a prolonged macro downtrend stabilizing near historical lows, forming a potential accumulation base with projected upward trajectories.

📈 The Technical Setup:
• The Pattern: Macro accumulation and potential bullish reversal structure
• Short-term Target: 60.000 USDT
• Macro Objective: 88.000 USDT
• Market Structure: Accumulation and potential reversal

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 3.500 - 4.500 USDT
• Resistance: 16.000 - 24.000 USDT
• Breakout Level: 8.000 USDT
• Stop Loss / Invalidation: 3.000 USDT

📊 Confirmation:
• Volume: Neutral/standard volume on macro timeframe
• Momentum: Base formation forming after prolonged downtrend
• Trend: Long-term descending structure testing major support base

⚠️ Invalidation:
A decisive weekly close below the 3.000 USDT support zone would invalidate the macro setup.

Patience is required as price builds a macro base, watching for confirmation of the projected upward targets.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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