#EGLDUSDT looks prime for 350% Rally!Welcome to this quick EGLD/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#EGLD/USDT looks triangle pattern create and 350% Rally confirms and long term hold!
Entry:-$113.05
$139.01
Target:-350%
Stoploss:-$96.34
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of EGLD in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
EGLD
EGLD/USDT, LongIt is good to long at Support 134-133.5, but it's a bit risky for a swing trade, if you wanna take a leveraged trade then this 134-133.5 support is for you, you may use 10-15x leverage and take your easy profit of 26-30% with SL of 6-11%, if you wanna take a swing trade so wait for wedge braking and wait for a hard close..
EGLD/USDT ANALYSIS:👉 On first glance, you can see that we are still in a clear downtrend. (Lower Highs + Lower Lows). For me to become bullish on this, I want this structure to be broken, ideally with a Higher Low, followed by a Higher High.
👉 We have been following 2 main diagonal trendlines: 1️⃣ the upper trendline has acted as a resistance for 3 times now. Breaking this and we are off higher. 2️⃣ The lower trendline has acted as resistance as well, but we managed to break above this, so if we can hold it on the retest, we go higher.
👉 Fibonacci tool on this recent upmove gives us a good level for our entry at the 0.618 level. This level (or the diagonal trendline retest) would create a Higher Low, meaning we break the excisting downtrend.
👉 My first and obvious Targets would be the open liquidities, formed during this downtrend.
Hope you found it usefull!
Let me know in the comments if you want me to look at your coin suggestions!
Oli 🤝
🆓Elrond (EGLD) Feb-25 #EGLD $EGLD
The buying force at 130$ is quite strong after EGLD retested this support zone. In the next few days it could rally back to the $160 or $200 zone. Pay attention to the $160 zone because selling here is still very strong
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 130$ zone
🔴Buy : 140 - 130
🔴Sell : 160 - 200
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 130$ zone
🔵Sell : 130
🔵Buy : 100
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🆓Elrond (EGLD) Feb-15 #EGLD $EGLD
The $180 and $160 zone are two very good support zones, but when EGLD corrects here, we can start accumulating for the target of $300 in March.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 160$ zone
🔴Buy : 180 - 160
🔴Sell : 220 - 260 - 300
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 160$ zone
🔵Sell : 160
🔵Buy : 120
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Elrond Long Set Up$egld #elrond Just unlocked next level on H4. 215 is the play now. Exit on H4 close below 180.
Strong Close above 200EMA with RSI and OBV looking bullish. This should continue as long as Bitcoin stays steady.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
EGLD | Channel Breakout Confirmed..!!
#EGLD (update)
In Daily timeframe Chart, Descending Channel Upside Breakout Confirmed..!!
Send it..!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
These are my favorite set ups!Clear 3 touches on diagonal that coincides right at horizontal resistance.
I love these set ups because you get a break of 2 resistances at once and clear exit point.
Can this fail? Of course, but it makes for a clean/clear entry and exit. #trading #crypto $egld #Elrond
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
EGLD long opp if this happensH4 about to close in 30 and it would offer a nice move up with a breakout of this range. Both ST flipped bullish.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
EGLD hits the yearly downtrend will flyAfter crypto's big sell at the 2 last weeks, what was expected especially after russia stopped officially crypto transactions and the bearish market that was initiated for corrections (on 54000 zones of bitcoin and 40000 of Etherium) we are waiting for a big mouvement at 33000 zones (obvious h&s config what is repeated all the times in crypto & intended to push higher)
EGLD will fly higher as it retested the lower of all time downtrend.
eGLD Retains Ascending Channel Support eGLD had a parabolic move on the launch of their latest service of the Elrond Blockchain - the Maiar DEX. After the inevitable retrace, it has found support at the equilibrium of the long term ascending channel. Looking for a continuation of the long term bullish outlook as long as the overall macro picture for the crypto markets is held.