EGLD Prime for a Quick Short ScalpShort: $305 - $310
Stop Loss: 15min close above trendline or horizontal resistance
EGLDUSDT.P trade ideas
🔥 EGLD Massive Ascending TriangleSince EGLD's inception on Binance, this token has been trading inside an ascending wedge formation. During the fall late last week the price saw a sharp bounce from the lower trend line / support area, indicating that investors were eager to step in around that area.
With Bitcoin seeing some slight downward movement at the moment, there's a decent chance that EGLD will go for a re-test of said trend line. Furthermore, if stocks (and therefore BTC) will keep dumping, this ascending wedge might break bearish.
Be aware that ascending wedges are classically bearish chart patterns, so there's a higher probability for this pattern to break bear than to break bull.
In case of a bullish reversal, look at the top trend line for a potential exit. In case of a bearish break out, look at the $170 area for a potential target.
Happy trading!
egld/usdt long ideaegld/usdt long idea
wait for correction
best entry at 255 till 260 after rejecting the 61 fib level
good for hold but i suggest to use stoploss at 219
Elrond (EGLD) Buy Zone - Signal !!!!!lrond ( EGLD ) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : LOW
Elrond is in uptrend and now trying to breakout the last resistance on Ichimoku and Volume Price.
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$ EGLD/USDT SPOT SETUP
Entry Price : 240 - 255
TP 550
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EGLD PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the EGLD token is bullish. The coin itself has a very healthy market sentiment within the 0.236 FIB and established a lower high even at oversold levels in the Relative Strength Index, however a new resistance is formed with an obvious FOMO pump, and will take some considerable amount of retracement to even get back to the normal curve of bullish ascending wedge. A decent retracement back to the strong support of 0.236 is more likely to be a good long, but considering a soft buy at 0.382 is not a bad choice either.
The recommended strategy for the coin is to long it during bull markets and buy it in general bear trends. You should start selling off the price at the previous resistance above the 0.618 instead of gambling for a further upside which is considered to be random or an outlier.
EGLDUSDT LongAfter growing trend test EGLD is ready to grow. Open price is current market $268. Nearest support line is $211.5. Target is $370 - upside ~38%. Stop limit $224.6.
Falling channel on egld/usdt don’t missegld usdt has a falling channel. this is a move of approx 100% . you could make big gains with 10x leverage , 1000% profit to be made. market is bearish so this one here is risky but worth a go with a smaller position. target is 525$
Big falling channel on Egld/USDT egld usdt has a falling channel. this is a move of approx 100% . you could make big gains with 10x leverage , 1000% profit to be made. market is bearish so this one here is risky but worth a go with a smaller position. target is 525$
EGLD/USDT - Massive correction aheadEither will retest ATH or go straight to 60$ range.
Not financial advise!
Elrond retracement almost overHi everyone,
My count is presenting a very complex retracement for Elrond but almost over. 3 possible targets i see for now 254.90$, 241.31$ and 218.38$. Golden fib support is at 248.57$. Z wave show a max retracement at 200$... can be a wick, but i personnaly think the Golden Fib will hold.
Pattern we are currently inside is a falling wedge which is a bullish pattern
Best to you !
Shoulde we buy Elrond?BINANCE:EGLDUSD
On the H4 there is a buy divergence. If the price closes above the selected area (yelow one - above 316 - price), then there a very good oportunity for the Elrond to go UP! If not… we are on an descendent trend, we are expected that the trend will continue to go down till we will see other signs wich will give us a new oportunity to make a new analyze!
EGLD wants goEGLD wants to go. BTC will decide up or down
many total2 has positif divergence..
not financial advice..
EGLDUSDTGood time to buy is coming, we have to break the trend to go up
DYOR
This is not financial advice!
EGLD falling wedge & at supportEGLD idea looks good, falling wedge.. bullish.
Showing some Support..
Good Buy the break out of retest of triangle
DYOR
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price.
The price is falling to very strong support, where the EMA 200 Daily is also important.
This place of strong confluence TL + S/R + EMA200 is marked in the purple box.
Here we expect a strong price reaction and an upward price reflection.
If all the conditions of our Price action strategy are met, we will enter the Long Position.
Happy trading, Alex_UCT
EGLD 4h Falling Wedge PatternFrom my analysis it seems we might have a falling wedge pattern indicating a reversal in trend.
Keep in mind that it depends also on BTC at this point that still influences the market.
If all works out a good entry level would be after $287. Wait for confirmation.
Good Luck!
EGLDusdt3 minutes ago
The main idea is to win back the rebound from ema200 on the day + ema20 on the week. At the moment, the trend is holding, it is possible to identify some hidden divergences on the rsi on the daily chart. Continuation of movement within the wedge is very likely - 2 options. The position set will be in the designated zone as soon as there are direct divergences on the RSI on the day..
So far, there are hidden divergences in the shorts at 4 o'clock.
The white trend line follows a weekly chart. It holds very well so far.
However, something extraordinary can always happen, long then after the blue zone 1
minute ago
EGLD better than other coinsThis coin looks better than all the others, it needed a correction from the high. You can talk about a trend change after the price breaks through the support level.
