$EGLD/USDT 12h (#Bybit) Symmetrical triangle breakdown & retest
Updated
Elrond eGold is pulling back up towards 100EMA resistance where it's likely to be rejected.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%
Current Price:
57.10
Entry Zone:
57.10 - 60.30
Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70
Stop Targets:
1) 65.70
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months
Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx
Websites: elrond.com maiar.exchange
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%
Current Price:
57.10
Entry Zone:
57.10 - 60.30
Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70
Stop Targets:
1) 65.70
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months
Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx
Websites: elrond.com maiar.exchange
Note
200EMA* (or 100EMA on daily Time-Frame)Trade active
1st entry filledElrond eGold got rejected on supply zone and broke-down locally as planned so far.
TP1 was almos thit, missed by 0.15$ that was close, we may reach it later if we remain patient enough!
Trade closed: target reached
TP1 reached with +28.62% (2x) and +1.2RElronde Gold finally reversed after a last liquidity grab above 200EMA, SL held pretty nicely!
RSI oversold now, time to Take Profit and adjust Stop Loss at highest entry to protect the trade.
#EGLD #EGLDUSDT #Elrond #eGold #IoT
Trade closed: target reached
TP2 reached with +50.10% (2x) and +2.1RElrond eGold continued with the local downtrend, SL edited to lowest entry now.
#EGLD #EGLDUSDT #Elrond #eGold #IoT
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