EGLD
ELROND(EGLD) LONGS ACTIVE 📉📉📉 📉 Expecting bullish price action on EGLD as price makes the bullish bos shifting on it's way the structure from bearish into bullish. Price made the retracement move back into discount market area on the fibonacci + bullish orderblock area on 140$ price area. I think we will be bullish on the cryptos for the upcoming days.
What do you think ? Comment below..
Eagold and the right positionEagold and the right position
- komo's cloud is the future of green
- The price is in a good area compared to komo's cloud (thin and green cloud)
- After touching the lower edge of the Bollinger Band 7 times in the recent candle, the touch has not been done
- Two candlesticks before the hammer type at the end of a downward trend
- The price is on an uptrend channel
6 to 10% profit potential is available in Market Spot
Do not forget capital management
Do not forget to manage risk to Reward
EGLDUSD - Heavily Correlated to EthereumMany similarities are drawn in both charts
A large up channel, that so far hasn't broken
Two bottoms along this channel
Top points in relatively similar positions on both charts
A flat 200MA
This could be a sign that coins like EGLD are less correlated to BTC but more to ETH
EGLD cup and handlein my opinion egld so bullish because make a pattern cup and handle, now is prosses make candle, if break candle trendline it maybe will big pump.
entry, sl, tp up to you...
always manegment your money! thankyou
if you agree or not abaout my analysis please comment..
see you traders...
EGLD/USDT TA:22.3.31The EGLD has risen to the resistance level of 220 to 250 after a positive reaction to the bottom of the uptrend channel.
If this resistance is broken, it can grow up to 480-540, and if it is rejected from this area, it can test the channel floor again.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 31.Mar.22
⚠️(DYOR)
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Elliott Waves: EGLD Is In Higher Degree Wave IV CorrectionHello Crypto traders!
Today we will talk about cryptocurrency EGLD, its price action from technical point of view and wave structure from Elliott Wave perspective.
Looking at the weekly logarithmic scale chart, we can clearly see a completed five-wave cycle within higher degree wave III and with broken channel support line, EGLD could be now trading in wave IV correction.
Corrections are made by three waves A-B-C and ideally back to the former wave 4 swing low, so current recovery looks to be just a three-wave corrective rally in wave B before we will see another decline for wave C.
What we want to say is that in the short-term, EGLD can see more gains towards 250 -350, maybe even 400 area for that wave (C) of B, but later then watch out for another decline towards strong 50 support level before real bulls for a higher degree wave V show up.
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Elrond (EGLD) Sell ZoneElrond (EGLD) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Short-term scalp, expecting a forming bearish pattern and breaking down the current zone.
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$EGLD/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 188 - 198.5
TP 1 : 185
TP 2 : 181.75
TP 3 : 178.8
TP 4 : 174.85
TP 5 : 171.1
TP 6 : 167
TP 7 : 161.25
TP 8 : 154
Stop Loss : 208.15
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ELROND LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ELROND(EGLD) after price made a failure swing low meaning near 130$ price area meaning the market strucutre has been shifted. We have a bullish BOS. I woudnt take LONGS trade from this area as we are not in a DISCOUNT market area yet. I will wait for the price to return to fill the bullish imbalances and reject the bullish orderblock on H4. And from there to go higher above 250$ - 300$ area.
What do you think ? Where we go next ?
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
We've once again retested long-term support and bounced from from our slight sub $128 zone, pushing price back up to around $134 where we're currently trading.
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$EGLD/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 128 - 134.75
TP 1 : 140.5
TP 2 : 145.2
TP 3 : 150.8
TP 4 : 156
TP 5 : 162.6
TP 6 : 169
TP 7 : 178
TP 8 : 189
Stop Loss : 120
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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EGLD: Speculation or bearish retest???the weekly candle is clearly bearish and retests the base of the Triangle?? / H&S ??.. that which is...
the fact is that resistance exists and the candle is a bearish Shooting star
from a non-technical point of view, EGLD is still little capitalized and is evolving as an ecosystem, so it is possible that a phase of FOMO has been discounted and therefore it is a signal of "cleaning" and not bearish