[UPDATE EGLD] A 100% rally of EGLD is possible.Range theory.
Target price: 104-112$.
Looking for a rally pre-Ethereum merge for all alts.
Egldusdt
EGLD bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
EGLD is a cypto with a negative overall sentiment recently.
I have the following price targets:
EGLD/USDT short
Entry Range: $51 - 56
Price Target 1: $48
Price Target 2: $39
Price Target 3: $30
Stop Loss: $63
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for EGLDUSDT
In this chart, there is R1 that is a resistance line and and you can observe the disability of the price to rise. And S1 and S2 are our support areas that include the support of the price at some points. Here we have the price fluctuating over S1 and we expect a fall for it to S1 and then we must wait for some rising signs and then we consider our long position and a rise will be waiting for the price toward R1. Actually it is less probable for the price to fall below S1 at the moment.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Elrond: Bearish of Altcoins Doesn't End Yet, Going to Under $30?Hello Fellow Elrond Coin Investor/Trader, Here's a Technical outlook of EGLDUSDT!
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EGLDUSDT has broken out of a rising wedge pattern. Furthermore, The MACD indicator created a death cross, indicating potential bearish movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the cryptocurrency"
EGLDHELLO GUYS THIS MY IDEA 💡ABOUT EGLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Buyers from this area will be defend this Long position..
and when the price come back to this area, strong Buyers will be push up the market again..
uptrend + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for EGLDUSDT
Here we have R2 and R1 as our resistance areas and the unsuccessful attempts of the price to rise is obvious. And S1 is the support area which represents the support of the price at several points. At the moment, the price is fluctuating above S1 and we expect a little rise to R1 and then by considering our short position, a decline will be waiting for it to S1. Also it is probable for the price to rise more if it fixes over R1 and above $60 amount. Please remember to activate your stop-loss in order to have less risky trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck