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EGLD

SOL On WatchlistI am very interested in this SOL 1 Hour chart. The 4 x bounce off resistance trendline and the tightening of the wedge is really suggesting to me we 'could' see a break out on the horizon, we have seen that SOL can decouple from BTC and this is ready to pop either to the upside or to break out to the upside in a big way. Now if BTC dumps completely this will all be wiped out, but if we continue as it has the past week, SOL may make a move. Looking at confirmations and closed candle above resistance trendline but I am definitely keeping an eye on it for a decent swing position
by CryptoIncTrading
EGLD will break out soon!Here's a quick Look at EGLD 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 256$ 2. 278$ 3. 300$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
7
BTC UpdateHere is my current analysis of BTC. Currently in a descending channel which possibly see a retest of resistance trendline this week, another rejection I see new lows and looking for support at the $37,700 support level. However with a increase in volume and a break of this resistance could see the confirmation of the trend reversl we are looking for to set sights on new ATH next month, starting with a confirmation of resistance break above $52,000. At present there are no key indicators to lean either way until the resistance trendline is tested.
by CryptoIncTrading
5
🔥 EGLD Channel Held: Bullish Price ActionA while ago I made an analysis on EGLD. I argued that EGLD was still trading inside a bullish channel and that bullish price action was to be expected. Sadly enough, price action died down after I made the call, and we moved back down. However, EGLD has once again bounced from the bottom trend line of the channel, causing another huge bullish move. For this analysis I want to keep the targets a bit closer. First target at $255, second at $300 (current ATH). Happy trading!
Long
by FieryTrading
8
Pronic numbers SOL and EGLDA pronic number is a number which is the product of two consecutive integers, that is, a number of the form n(n + 1). The study of these numbers dates back to Aristotle. They are also called oblong numbers, heteromecic numbers, or rectangular numbers. The first few pronic numbers are: 0, 2, 6, 12, 20, 30, 42, 56, 72, 90, 110, 132, 156, 182, 210, 240, 272, 306, 342, 380, 420, 462 … and so on. As you can see a lot of cryptocurency prices usally have a resistance/support levels here or they can serve as areas where price might be revolving around a lot, etc... For example with BTC we know that in 2017 it went close to 20K top then crashed to 12k then 6K then 3K and it reversed back to 12K then 6K then 3K areas. In this bullrun it went from 12K to 20K to 30K to 42K 56K and so on, right now we are again staying in this 42K area.... So you can notice these numbers represent important areas in the chart. The current top of BTC is 64K, which doesn't fit pronic number sequence which should be 72K, interpret that as you want, but so far looking at a lot of cryptocurrencies they follow this route, unless when it comes to blow of tops or overheated markets.
by JaymesT
4
Elrond is in WXYZYZ 2 flat in a row ?Hi everyone, on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April. I can see this probable scenario now on Elrond, the reasons are : 1- 2 Flat ABC in a row 2- 2 spinning top in a row at the 0.764 3- Impulse down impossible from my X point Now possible retracement target i see are inside the green rectangles. But Elrond can rise to the 0.85 from here. Best to you..
by Crypto_Mercy
1
💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.004594). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 0.005145 TP2= @ 0.005704 TP3= @ 0.006075 TP4= @ 0.006497 TP5= @ 0.007000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
9
💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.004594). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.005145 TP2= @ 0.005704 TP3= @ 0.006075 TP4= @ 0.006497 TP5= @ 0.007000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
EGLD/USDT has reached the support point and I think it is readEGLD/USDT has reached the support point and I think it is ready to move up. The EGLD/USDT has hit relatively strong support at $ 246 and I expect it to move up. RSI and MACD chart show a exaggerated divergence. (+ED) Of course, we have to wait for a positive move to happen on the chart and we will not buy now. In the MACD chart, you have to wait for the SIGNAL line to move up (the same blue line in the MACD) Target : 256 / 264 / 270 / 276 / 283 Stop lost : 240 Note that all analysis is done according to the current market conditions and if something special happens to Bitcoin, it can affect all Altcoins and lead to a fundamental market instead of a technical one. This is just a suggestion based on my own analysis. You are responsible for your own sales. I apologize if I explained somewhere wrong and thank you very much for reading my article.
Long
by Aminzahedi1385
1