{"id":11940,"date":"2022-05-10T11:25:52","date_gmt":"2022-05-10T11:25:52","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11940"},"modified":"2023-05-09T11:29:16","modified_gmt":"2023-05-09T11:29:16","slug":"egldusd-critical-lower-high-test","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/05\/10\/egldusd-critical-lower-high-test\/","title":{"rendered":"EGLDUSD Critical Lower High test"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Elrond (EGLDUSD) is having a strong 1D green candle currently but it remains under the selling pressure of a Lower Highs trend-line since the March 28 High. That price action in fact resembles the selling pattern of December 2021 &#8211; early January 2022. The price continuously failed to break above the Lower Highs and as a result dipped another -37% to price the January 22 Low.<\/p>\n<p>A -37% from yesterday&#8217;s lowis around the $65.45 mark. If the 2021 fractal is however counted from the November 23 High (with the 1D RSI agreeing to this), then a 1.382 Fibonacci extension would be more accurate for the next Low in case of a rejection, which is currently around $79.30.<\/p>\n<p>If however the Lower Highs trend-line breaks, we expect aggregated buying towards the 1D MA200 (orange trend-line) as in the case of the February 11 High.<\/p>\n<p>&nbsp;<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EGLDUSD\/Zs2kKmQf-EGLDUSD-Critical-Lower-High-test\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EGLDUSD\/Zs2kKmQf-EGLDUSD-Critical-Lower-High-test<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Elrond (EGLDUSD) is having a strong 1D green candle currently but it remains under the selling pressure of a Lower Highs trend-line since the March 28 High. That price action in fact resembles the selling pattern of December 2021 &#8211; early January 2022. The price continuously failed to break above the Lower Highs and<\/p>\n","protected":false},"author":611,"featured_media":11941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-11940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11940"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11940\/revisions"}],"predecessor-version":[{"id":11944,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11940\/revisions\/11944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11941"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}