CRYPTOLOGY

Market Update:

As mentioned in the previous update that for the bullish continuation of BTC we needs a closure above 30k the closure was above 30 and we witnessed a upside momentum as mentioned BTC pumped almost 19% from our mentioned zone.

Now if we see BTC it is at strong level whenever in past BTC reclaimed this weekly demand zone BTC given sharp upside moves for the bullish continuation we need a closure above the 32k region.

USDT.D also rejected from the exact region mentioned and also broke the lower trendline support now it is approaching to the there strong weekly support level this is the area where USD.T can grab liquidity and give upside momentum.

In the end:

. BTC needs to give closure above the 32k region for the further bullish continuation.

. If the closure was below the 32K BTC can then retrace till the lower levels.

. As things are not cleared trade cautiously with tight Sl

@the_cryptology

Greeting Everyone,

After running the Poll for 24hr most of our members were interested in the analysis of EGLD. Here is the detailed analysis of EGLD.

If we look EGLD on Daily it is forming a falling channel pattern the lower trendline is acting as support but facing a strong trendline resistance for the Bullish momentum of EGLD it needs a breakout.

Now if we look EGLD on 1hr it has rejected again from the hourly resistance level for the bullish continuation of EGLD it needs a successful breakout and retest.

Thanks