My bull run support was always that line from the beginning.My bull run support was always that line from the beginning.
BTC lost 8 weekly and 21 weekly many times during this bull run, which never happened before, so many indicators from the past got demolished.
But that support always lasted, loosing it will make me sell at least 90% of my portfolio, I am not loosing the hard work profits I got. Not this time.
If we hold it, this is a huge buy opportunity though, we are between heaven and hell here.
EGLD
$EGLD LOOKING GOOD TO BUYThe green zone is the support and an opportunity for buying. I think the price will start an upward movement with the breaking of the ongoing falling trend from the ATH level. Red areas will appear as resistance and are suitable to take profit. My first target in the short term is $329.
Yeşil bölge alım için uygun destek bölgesi. ATH seviyesinden süregelen düşen trendin kırılımı ile yükseliş hareketine başlayacaktır. Kırmızı alanlar direnç olarak karşımıza çıkacak olup kar almak için uygun yerlerdir. Kısa vadede benim ilk hedefim $329.
EGLD/USDT Chart is different from others so what next..?#EGLD/USDT TA update:-
$EGLD currently trading at $242
Which is Strong support zone.
There are 2 Scenarios:-
1)- If hold this Support $223 then we can see $500 after then $950
So Need to hold $223 support zone.
2)- If break down $223 support zone then we can see $120-$130 area.
So this will be best entry zone.
And After hit this support we can see Big bounce toward $950
As Per Last fractals if happened then we can see $120-$150 also before Big leg up.
Support:- $223/$130
Resistance:- $470
10.6 is a great target for c98 if solana keep the good workVery speculative asset, but with really good fundamentals and small market cap.
This guy can 5x easily in weeks
And we broke the channel, lot´s of short will get liquidatedEven though this looked like a bull trap, on chain data shows otherwise, and since TA usually works the probability of goin over the 21 weekly is very high right now.
Also like I sad before, if we close the weekly above 49k is awesome, if we close above the 21 weekly is crazy bullish, we still have 2 hours for the close.
weekly close today is extremely importantBTC is very unpredictable right now, looks like it is copying the last Wyckoff dump move in a smaller scale, and if that turns out to be true we could revisit 42k.
But, if we manage to close the weekly above 49k it could still rally to 54k to decide what is going to happen.
Also, the stock market today will have a huge influence on BTC`s price.
EGLD possible scenario 111% potential
EGLD/USDT possible scenarios 111% potential
EGLD in 1-day time frame getting support from 0.618 Fibo retracement level.
In case this fib level doesn’t hold SMA 200 shows a second good entry point as a DCA.
RSI: Shows divergence.
MACD: is almost at the end of the downtrend and the uptrend is on the horizon.
VPVR: shows high trading volume in current price.
Dollar-Cost Averaging (DCA) is the best strategy.
DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes.
I’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice.
📌In case you find it interesting please feel free to share with others.
📌You can find my other research result on: zil.ink
Another good Crypto that is in an interesting position is ElrondAnother good Crypto that is in an interesting position is Elrond.
According to the price chart, the $ 241 support line has reacted well in the last 105 days.
If we have a pullback to the above line, we can enter the long position and the result will most likely be a 25% profit.
1. Observe capital management.
2. Observe risk management to Reward.
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : LOW
Elrond is in uptrend and now trying to breakout the last resistance before massive breakout and forming Curve DAO Token printing.
--------------------
$EGLD/USDT SPOT SETUP
Entry Price : 240 - 255
TP 1 : 262.5
TP 2 : 276
TP 3 : 285
TP 4 : 297
TP 5 : 331
TP 6 : 388
TP 7 : 467
TP 8 : 525+
Stop Loss : 210
*Stop Loss - EGLD daily close below 210
*Maximum 5% of Portfolio.
*Whenever TP 2 hits, Move stop loss to entry.
--------------------
NANO TRADE ENTEREDWith NANO we identified a double bottom which we saw confirmation and entered the trade, all going well so far.
Patience always pays it´s debts, specially with BTCHey guys, just passing by to see how are you guys doing, hope that you managed to be calm during the turbulence.
Every cycle is taking longer and longer to reach euphoric moves, this time is no different. I was a big believer on the stock to flow model but I am changing my mind this year.
Every cycle will be longer from now on, don´t expect 2013 or 2017 moves, BTC is becoming more stable every time giving strength to other altcoins that are putting up a lot of work on their ecosystems.
I sad that during the fall and I will say it again, DOT for me is the most undervalued project of all the big ones at the moment, I filled my hands with DOT and EGLD during that fall and I know that i will
pay out in the long run. There is still time to get in.
Analysis EGLD/USDT on 2Days chartI was asked to chart EGLD /USDT. And how the Supertrend Ninja indicator performed on it since the listing.
Currently price is bouncing between support and resistance (2 grey blocks). Which makes/made EGLD ideal for a gridbot.
RSI is slowly moving towards 44, which means it is still in a range (displayed in the RSI as a yellow block). Right now as things stand it's not so interesting for trend traders. On the other hand volume is going down, which means a big move is likely to happen very soon. Before making any trades. I'll be waiting for confirmation from the Supertrend Ninja indicator showing some bullishness first. Ideally I would like to see some more green blocks on the Heikin Ashi indicator below as well.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 4 bullish signals for the 2 day chart in 2021. And 1 bullish signal in 2020. Which in my opinion makes each bullish signal very reliable.
With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Remember, the first stop(loss) is always the cheapest stop.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
(EGLD) On the verge to the rise ? 🤔Hello everyone !
Today the Black Cat Trader is analyzing Egold (EGLD) based on a weekly chart 📈
What we can see :
- Prices got rejected by the 1.618 fib extension on the last ATH candle
- Right now, prices are supported by the uptrend line (which acts as a strong support since October 2021), plus the intermediary lower line of the pitchfork.
- On the other hand, prices are located UNDER the MM20 and the EMA21 which act as strong resistances.
- We can also identify a bearish divergence on the RSI and a bearish cross over on the MACD. The spreads on Binance seems to high too…
What we can expect :
If EGLD manages to hold the uptrend line, we can expect prices to reach upper levels. But , there are several major resistances to break to make new ATH..
Resistance 1 : MM20 / EMA21
Resistance 2 : Kijun / median line of the pitchfork
Resistance 3 : Tenkan / 1.618 fib extension
Support 1 : Uptrend line
Supports 2 : Intermediary lower line of the pitchfork
Supports 3 : MM50 / Lower line of the pitchfork
TP1 : 443 $
TP2 : 677 $
TP3 : 924 $
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
EGLD ON THE GOOD SUPPORTHello Everyone today we are gonna analyze the EGLD chart and im so supprised because its really similar to AVAX chart and now egld on the good support so you can see the target in the chart and everything is obvious , make your descison and do it with your own risk !
NOT FINANCIAL ADVICE