EGLD
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
EGLD entering Sell Zone$EGLD #Elrond entering the sell zone (red box) between $186-198 where the 21W EMA and the 200 day EMA are now, probably going back to touch the 50 day MA (curved red line) after getting rejected.
The "buy box" (green box) is now between $140-$150.
The game here is simple:
- Buy in the green box
- Sell in the red box
- Stop loss at $132 (or 5% below your buy price)
- Potential average profit: +30%
- Potential loss: less than -10% if you set everything properly
Bull market support band (20W SMA, 21W EMA) are now around $189 and $226 respectively, meaning until we see at least a few candles closing above $226 this is still in a downtrend.
Probably getting a MACD bearish cross by the time we reach the vertical blue line and we could even see a double top around $199/$200.
Enjoy.
EGLD Is Going to touch 270$ once again🌳EGLD Has Done a Massive Correction! But It Seems To be Recovering From That! As You Can See The Price Has Created a Good Double Bottom Pattern. This Means When The Break out Happens, The Price Can Increase as Much as The Measured Price Movement (AB=CD which in This Case Is as Much as the Length Between The Bottom & the Top of a Bottom!) So This Means that EGLD is able to Reach 270$ Once again. But No Confirmation yet cause There is no Break out.
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Thank you for seeing idea .
Have a nice day and Good luck
I see EGLD bullish vs BTC! Let's GO!We have strong buying signals on 5 and 9 days time frames. MACD is a big buy on EGLD/usdt and more, on EGLD/BTC.
ELROND has strong fundamentals with lot's of good news. The team is one of the few that are delivering all that was promissed and much more.
The BTC dominance graph is still in the same downtrend and not giving a sign of rebound. I believe in a new bull wave for BTC (wich is possible to see soon) and that some of the Altcoins will have much ample move than BTC and ETH .
I believe EGLD is one pf them.
CHEERS GUYS!
This is NOT a financial advise!!! It's just my opinion.
Take care of your hard made money!!!
Elrond EGLD with RSI breakout - W-shape pattern in sight?Elrond EGLD with RSI breakout - W-shape pattern in sight?
Therefore a confirmed breakout above $200 would be necessary.
Breakout target would be $380 at FIB golden pocket.
Bearish scenario when huge volume support at $141 would be broken significant.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
EGLD Showing Strength Amidst General Market WeaknessBeen looking for a trade to the upside in names that showed signs of resiliency amidst the general market weakness. BINANCE:OGNUSDT and BINANCE:WAVESUSDT have been two trades I have entered prior with the same thesis. EGLD looks like the next one to find support.
I personally view the market playing capital rotation for now and if anything is outperforming everybody is going to chase that as the options to trade long is very limited at the moment.
Looking for near-term, upside at around $205 to $235. Stops below $120.
Anybody looking at this and seeing the same?
ELROND (EGLD) LONGS 📉📉📉📉 Expecting bullish price action on EGLD as price find its support area somewhere around 130-140 area as we can clearly see price has not move below the previous low. We also have a bullish bos on the D1 meaning the price has shifted the market strucutre from bearish into bullish and right now we could expect higher prices BUT only after price will retrace back to fill the D1 imbalance.
What do you think ? Comment below..