Egldbtc
EGLDBTC Long ThesisEGLDBTC Long Thesis -
Retesting 2100 Support Level - Check Weekly time frame High Close from Jul/Aug 2020.
61.8% Fib Retracement from previous bullish impulse move.
Rising Wedge / Pennant formation (Price Squeeze).
Bullish uptrend (Higher Lows and Trend Line ).
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Good luck, and always maintain your risk management!
Elrond EGLDUSDT - Bull Flag + Elliott Wave, BREAKING OUT!- Elrond is pumping hard recent months and this trend should continue!
- As per my Elliott Wave count, i am expecting one more 5th wave to the upside.
- Out profit target can be top of the trendline, 1:1 FIB or 1:618 FIB (conservative target 0:618 FIB)
- The price is currently breaking out of the bull flag on the daily timeframe
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- The blue trendline really should hold for continuation to the upside.
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EGLDUSDT (ELROND EGOLD) - POTENTIAL BREAKOUT ANALYSIS 🔎
- EGLDUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
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 ❤️
EGLD symmetrical triangle
Symmetrical triangle pattern forming, will we break above or below? It could go either way. No break and this pattern will form into an ascending triangle, MA looks to be increasing again. RSI mid range.
Many are speculating $280 price target from the Fibonacci Projection.
Regardless this is a great project to hold onto long term, great things are coming. EDST, Staking, Launchpad, DEFI, Partnerships Continuously rolling out and of course limited supply.
EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- EGLDUSDT printed a bullish flag pattern.
- Price brokeout above the bullish flag resistance and had a retest.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Follow the happy man, target 152Did you see t he happy man?
Following the reversal head & shoulders pattern.
If it breaks 138,5 then target will be 152.5
SL 125.2
Please follow 15m chart and candle close prices. Please wait for the confirmation to enter the trade.
And I'd be happy to see your comments if you join the trade.
EGLD forming a Descending triangle?Neutral position, key things to watch for is dips below the Descending triangle pattern, and of course the break above.
BTC known to affect altcoins, any real price movement downward with BTC could cause EGLD to break below into the next support line.
Stop Limit to protect the assets.
EGLD Elrond to 786$ in Wave 3 why?I know you think this is a joke, but who tought Bitcoin will had been to 1175$ in 2013$ and 234 days before the Bitcoin price was 269.20$.
Just take a quick look at what happen to Bitcoin in 2013.. EGLD and BTC are very similar.
Yeah i know the EGLDUSD can retrace lower on Wave 2 but the Golden Fib is a strong retracement...and we touch
it with a very strong support yesterday night. We ain't seen nothing with Elrond yet with Elrond and this is just the beginning.
Let's pretend wave 2 is over and that our retracement yesterday was the bottom of W2.. (which is possible technically) this scenario will be a pretty realistic one for the next 5 impulsives. My 2 top targets will be 596.51$ and 786.424$. For sure it's too early to predict wave 4 and 5 but what iam showing what would be the most probable retracement zone in green. Thanks for watching, and if you have any questions or comment it will be a pleasure to respond. Best to you !