EGLD following trendsEGLD faithfully follows trend lines.
That combined with a strong resistance could lead to a nice short.😉
EGLDUSDT.P trade ideas
Egld As we now have slowed our drop here this is where things get interesting. If we can see EGLd holding this low roughly 52.17-52.50 area, if we can see support hold we could be creating a large rising wedge. If this stands true, then we can expect to chop within this wedge up to retesting previous drop area. This can target us close to 75$. Howver if we break support here and fail and contiue down we would expect price to retest previous lows or make a new low. I am still long and starting to add some further to my original 44$ $ add zone. I will be watching this level in the lower 52$ range to make sure we are going to hold but if this plays out it could be a great buy zone for the next few weeks depending how long this takes
This means I will be short term bullish as we find if we can control this low. If it breaks this idea may be invalid
egld | elliott wave | price action analyse Possible road map with possible target for elrond . here you have the "map" of how price can move in the coming weeks . Updates will come frequently on my social and tradingview
egld | ew | short term If u wanna trade this , watch for reaction at 52$ , for a pump to 58 $ , and get out after cuz another dump will come . Trade safe , allways put stops at the wick of the candle where u see the reaction at the given target , that way u minimise lose a lot . Longer term im bearish and we can see egld below 30$ a future update will come along with btc . Allways wait for the reaction and OCO with stop at 52 for example depends where the reaction happened and limit lets say 57 $ .
Another good way to enter is to wait to have the A the B than we will have a more accurate C for a better entry
EGLD/USDT Elliott Wave CountEgold verry probably to bounce for an x wave and than to go up
We have an W wave expended flat corrective pattern and now an X wave also expanded flat corrective pattern.
Triangle in 4th wave from the c wave from X wave.
If you like my analysis give a like please!
Also subscribe for futre counts!
Short for a 5th wave and than long. Until next update short for the 5th wave!!
Thank you and goo luck!
Egld This could be flipping bearish on us further as I said 57 was key support we lost that area. We did rally higher then expected on the retrace but 58,90 was rejected. We found support at 54.90 so watching that to break to confirm more down side. If we control that we could double bottom but with Btc king what it is doing I don’t expect it. Next support for me is 51 or 52
EGLD - Supporting areaEGLD is in the supporting area , between the fibo lines ( Fibo Fan & Fibo Retracement ) Keep in mind the BTC chart , in good condition , EGLD can go up to next yellow box .
egld | ew | alternate Another scenario for elrond , both of them are corective structures and we can have another low after they finish
Egld | ew | potential movementA potential price movement for ellrond , watch the 53$ price for a reaction , we can have another leg up to arround 67$ .
EGLD/USDT Elliott Wave CountEgold can go up correctivly
After finishing an expended flat correction now
I think we are into an x wave that is also a complex correction.
It can go down one more leg to test the bottom of the channel
I remain bearish on egold
Egld Failing to hold above 64 area and seems to have rejected. Main support is 57. We could end up ranged on top of that W pattern with the. Neckline 57 but if we lose 57 and flip to reistance the bearish trend can contiue. We still haven’t made a new higher high yet so this is still in a downtrend even with most recent bullish prices
EGLD/USDT Elliott Wave CountI think that 4th wave is complete for Egold
I will present you the count of this 4th wave that started from 13 june 2022 and I think this is the best interpretion for now!
4th wave pattern is an expanded flat correction composed from:
Wave A: an expanded flat
Wave B: another expanded flat
Wave C: Impulse 12345 with a truncated 5th wave, verry important thing because is show us that the price is under the sales presure for starting the 5th wave down.
So, I expect massive price drops with an impulse to complete a 5th wave of a bigger impulse to the downside.
I will update this count so if you like it subscribe and press thumb up!
Egld Let’s see a nice 4 hour candle body closing above 64-64.30. Support at 60.55 is holding up which was breakout of previous consildation on top of W reversal pattern. Breakout of downtrendinf resiatnce. This is looking to be setting up for a monster move. If bull pennant is forming here we are targeting upwards of 75-80$ to start.
EGLD/USDT HELLO GUYS THIS MY IDEA ABOUT EGLD Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
REBENGA TURTLE TRADER
egld | ew | price targets 2 targets for egld at 66.5 and 71. a wxy and abc corection on most alts , doing what btc is doing
Egld After confirming the W-neckline as new support EGLD has now broken out of the consolidation it’s it’s been in with this potential symmetrical triangle or bullpennant it that we have now formed on top of the neck line. This is looking extremely bullish from a daily perspective and I am targeting upwards of $75 to retest some previous support. Holding above 60.30 It’s going to be an extremely bullish sign and I am Wong from $45 and I ended up adding just about a half an hour ago in the $59,40 range and may add on a following pull back to potentially retest this pattern breakout. As long as we continue holding above $57 EGLD is primed to succeed
Egld w pattern neckline was broken and we are now confirmIng neckline as new support!!! Absolutly beautiful pattern formed here!! Wait for break of this triangle here for next add target 75
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
Here we have S1 which used to be a resistance line and the unsuccessful triumphs of the price to rise is obvious. R1 and R2 areas are our resistance areas. At the present, the price is fluctuating over S1 and we predict a pull back to R1 for it and then it may have a fall by reaching that area. But in case it moves over R1, and fixes there, then it will face more increase to R2. If the price falls below S1, then more decline will be waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
long Elrond$EGLD is bouncing off the support level which was a resistance before the breakout. Bullish movement to resistance at 75,92$ is possible.
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
