EGLDUSDT Bullish MoveEGLD team came out with launch of Elrond 2.0 . To server billions people and scale.
Good news received with revival move for EGLD.
Earlier breakout confirmed. I took first profit at $157 - $160 .
Retracement in play. Support level holding pretty well.
I expect an upward bounce from thence.
I am bullish on EGLD atm. We move to retest previous price and breakout.
Follow. Like and share your thoughts.
EGLD
🎯EGLD - News Comes out, Price Goes up!🚀EGLD has seen massive growth this year so far, rightfully so as they are a great project pushing forward fast.
They released some pretty big stuff regarding defi on their network today after a good retrace from over $200.
Expect this to break upward and net some easy money.
Follow the happy man, target 152Did you see t he happy man?
Following the reversal head & shoulders pattern.
If it breaks 138,5 then target will be 152.5
SL 125.2
Please follow 15m chart and candle close prices. Please wait for the confirmation to enter the trade.
And I'd be happy to see your comments if you join the trade.
EGLD forming a Descending triangle?Neutral position, key things to watch for is dips below the Descending triangle pattern, and of course the break above.
BTC known to affect altcoins, any real price movement downward with BTC could cause EGLD to break below into the next support line.
Stop Limit to protect the assets.
💡 Don't miss the great buy opportunity in EGLDUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (136.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EGLDUSDT 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 55.
Take Profits:
TP1= @ 187.90
TP2= @ 217.40
TP3= @ 238.70
TP4= @ 272.55
TP5= @ 313.50
SL= Break below S2
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💡 Don't miss the great buy opportunity in EGLDUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (136.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EGLDUSDT 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 55.
Take Profits:
TP1= @ 187.90
TP2= @ 217.40
TP3= @ 238.70
TP4= @ 272.55
TP5= @ 313.50
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 EGLD preparing to hit $300 ?reasons:
1. candle hit the 50 SMA line. 4H MACD just landed to nearly zero level. descending volume. cooling down almost over?
2. hoping to see double bottom pattern, or a bullish descending triangle pattern.
3. fundamentally still on hyper active development & partnership going on. Staking on MAIAR app is not even live yet. DYOR
--
!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
High Growth potential Long around - 155 (USDTPERPBINANCE)Fairly Modest accumulation in top range Market looks bullish
Price remains same RSI going down.
After crossing the trend line a gradual growth up is expected
After ATH it should make CUP/moon pattern and rage very high
550 can be top target.
SL-140, T1-220, T2- 400
Good luck.