EGO (EGOUSD) Price Forecast: February 22
EGOUSD enters an active recovery today; the coin market will most likely continue its upward rally and the price could still go higher. Further increase in the bulls’ pressure may break up the $0.065 level and this may push the price of the crypto to $0.040 and $0.050 levels then we can expect a good upside momentum up to $0.070 upper resistance level, leading to a strong supply zone and the best crypto signal for the crypto buyers.
Key Levels:
Resistance Levels: $0.030 $0.040, $0.050
Support Levels: $0.025, $0.020, $0.015
EGO (USD) Long-term Trend: Bullish (Daily Chart)
The EGOUSD pair showed a bullish momentum and it is likely to continue its upward rally in its long-term outlook. This is clear as we can see the prices trading above the moving average lines indicating an uptrend. The bulls’ pressure to a $0.037 resistance level in the past few days has sustained its upward rally in its recent high.
After completing the downward trip of yesterday at a $0.034 low level, the coin price finds a reliable resistance at around $0.036 level above the EMA as the daily chart commences today, resulting in intraday gains.
Hence, staying above the resistance trend lines would enable the EGO price to continue its upward rally. Thus, the $0.065 previous swing high might be tested soon.
In addition, the daily stochastic indicates an upward trend; this means that the buy investors may likely continue with the upward rally and the target might be the $0.070 resistance level soon in its long-term outlook.
EGO (USD) Medium-term Trend: Bullish (4H Chart)
The market value of EGO in the medium-term time frame may also continue its upward rally as the prices are seen progressing upward above the supply levels.
However, the previous action at the $0.036 high level in the past few hours has sustained the coin price to remain above the trend line in its recent high.
Amidst the recent sell-off in previous action, the EGOUSD price climbed up to the $0.036 mark above the supply levels to resume the 4-hour chart today, trying to replenish the bullish momentum. Thus, if this bullish growth pattern is steady, the coin price will likely continue its upward rally, hence, an established uptrend will be achieved.
There is a higher probability of the price breaking its resistance as many buy investors are clustered around the market at the moment to continue the upward rally. A real-time for a potential BUY.
More upsides are likely as the momentum indicator points upwards indicating that the EGOUSD price may likely continue its upward rally. With this trend, the market price of EGO may hit the $0.070 upper resistance value and beyond soon in its medium-term outlook.
Buy EGO on Longhornfx
Leave a Reply