#EGLDUSDT #1D (ByBit) Big falling wedge breakout for BYBIT:EGLDUSDT.P by TradingOn

#EGLDUSDT #1D (ByBit) Big falling wedge breakout

MultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.0%

Current Price:
35.91

Entry Targets:
1) 34.56

Take-Profit Targets:
1) 48.29

Stop Targets:
1) 27.68

Published By: @Zblaba

#1D #Elrond #eGold #MultiversX multiversx.com

Risk/Reward= 1:2.0
Expected Profit= +79.5%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 months

Trade active

All entry targets achieved
Average Entry Price: 34.56 💵

successfully retested 50MA support and is bouncing back on it so far, good start.

Trade closed: stop reached

ByBit USDT
Stop Target Hit ⛔️
Loss: 39.8148% 📉

did not bounce on 50MA support but lost it instead, it's trying to regain it now though.

Note

Weekly chart still looks good though, probably worth holding a Spot bag long-term:

#EGLDUSDT #1W (Binance) Falling wedges breakout

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