EGLD - KEEP AN EYE AT BTC!!!We need a steady BTC for a EGLD relaunch, I mean not a volatile one with no more than 5% ups and downs. I think everything in all the market now, as always is depending on BTC movements.
Everybody keeps silent when the fat lady sings!
I believe we are consolidating here. We could see ample movements and retracing after going up, don't forget, BTC is near ATH and EGLD/BTC bouncing between ATH and the previous ATH.
I use Phoenix Ascending indicator to see trend changes. If you intend to use it, don't forget to check more timeframes to see the whole picture.
This is the picture is my personal opinion, not a financial advice.
Take care! Cheers!
EGLD
EGLDUSDT (Flag Patttern)EGLDUSDT (1H CHART) Technical Analysis Update
Flag Pattern
EGLD/USDT currently trading at $170
Buy-level: $165 to $170
Stop loss: below $145
Target 1: $187
Target 2: $210
Target 3: $250
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- EGLDUSDT was printing a falling wedge pattern.
- That was a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price then retraced for a retest of the falling wedge's resistance and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
Your money makerPossible bullish breakout on EGLDUSDT.
Small symmetrical triangle on 15 min frame.
According to Elliott Waves theory all the waves are done and the price is breaking resistance zone.
Watch it...trade it...
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Feel free to leave comments✉️
EGLD some possible scenarios - it's going to decide soon.EGLD/BTC on the right panel is going to decide till tomorrow which way it takes. My opinion is that is going to pop UP. What do you think?
If it's a bull flag there, I believe we are going up more than 80% in two days. If it exits down, we go down around 30%.
CHEERS guys!
P.S. It's just my opinion, not a financial advice!
Elrond buying targets 145.39$ EGOLDHi guys,
here are some possible entry targets to watch on this wave 4 if 185.84$ was the top of retracement of W4 of A.
0.618 = 166$
1 = 153.5$
1.236 = 146$
1.618 = 133$
If the W4 of A change and go over 185.84 ii will post update here.
Thanks for your support!
Have a great day !