EGLD
EGLD.USDT (Y21.P1.E2).Looking for the next entryHi Traders,
Basically looking for this level to hold as another continuation of the trend, with a lower high.
This current level might test the bottom or support level x2 before it goes up to the next level, which is likely to hold.
Alternatively, look for this.
or looking it from another trader's perspective using ema's, structure and candlesticks, we have the 1 hrly strucuture and 13/50 ema cross over, gives us more confidence
All the best,
S.SAri
Macro overview, livermore's structure
Which choice is blue (1) or purple (2)? $EGLD #EGLDWhich choice is blue (1) or purple (2)? $EGLD #EGLD
Daily close look good for Elrond, 144$Hi everyone ! Hope everyone is well !! :-)
Double bottom confirmed on this recent daily close.. very clean.. with a new high and a higher low.
Bitcoin also had a double bottom with a higher low but no new high.
Short term here are Resistance
R1 : 135$
R2 : 164$
R3 : 182$
R3 : 200$
Short term here are Support
S1 : 101$
S2 : 86$
S3 : 55$
It's a great buy opportunity in EGLDBTC @ElrondNetwork @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00218). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.002490
TP2= @ 0.002690
TP3= @ 0.003080
TP4= @ 0.003480
TP5= @ 0.004200
TP6= @ 0.004640
SL= Break below S2
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It's a great buy opportunity in EGLDBTC @ElrondNetwork @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00218). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.002490
TP2= @ 0.002690
TP3= @ 0.003080
TP4= @ 0.003480
TP5= @ 0.004200
TP6= @ 0.004640
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Elrond 100 000 transactions per second #DEFIHigh volume financial applications will always favor high throughput and low latency decentralized networks. Elrond is capable of scaling beyond 100,000 transactions per second and will always be the right choice for large transactional volumes, either from traditional financial applications or other chains.
^^Source twitter