EGO (EGOUSD) Price Forecast: March 15
EGOUSD Price action seems to be rising against the downward forces despite the activities of bears. However, the pair seems firmly strong above the $0.1000 price mark as price action continues to remain largely above this price mark. The coin price may likely push higher to reach a significant level of $0.1200 at the upper resistance area if the bulls add more energy to the price action in the market.
Key Levels:
Resistance Levels: $0.1120, $0.1130, $0.1140
Support Levels: $0.0550, $0.0500, $0.0450
EGO (USD) Long-term Trend: Bullish (Daily Chart)
The EGOUSD pair is rising against downward forces in its higher time frame. It could be seen that the price action in the crypto market has continued to advance in the bullish direction towards the upper resistance channel. This is an indication of an uptrend.
The sustained bullish pressure at the $0.0808 high value during yesterday’s session has made the crypto price rise against the downward forces in its recent high.
The bulls’ action to a $0.1140 resistance level above the EMA-50 as the daily chart commences today, suggests that the price action of EGO is rising against the downward forces and this may continue.
The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Notably, there are more bullish runs to come as the market now points upward on the daily stochastic. This suggests that the price of EGOUSD will still definitely rise further against the downward forces and may likely hit the $0.1200 value in the long-term outlook.
EGO (USD) Medium-term Trend: Bullish (4HChart)
The EGOUSD price is also skyrocketing against the downward forces in its medium-term outlook. The price action is seen above the moving average line which confirms its bullish trend. 
The pair made it to the $0.0766 resistance level during yesterday’s session and sustained it, this has made it easier for the EGOUSD price to rise above the downward forces in its recent high.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0856 low level shortly after today’s 4-hourly session opening, the price of EGO jumped up to a $0.1140 high level. This shows that the price action is rising against the downward forces.
Additionally, the coin price is in an uptrend on the daily signal, if buyers should intensify their efforts, the price might increase above the current level and this may extend to a $0.1200 high mark soon in its medium-term time frame.
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