Egldusdt
EGLD / USDT hello guys this is my idea about EGLD /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
Thanks
Rebeng
Where could EGLD be heading to?BINANCE:EGLDUSDT
R1: 61-67
S1: 31-38
S2: 21-28
EGLD is currently heading towards R1.
If fail to break R1, it would most likely test S1 or even go lower to S2.
Entry Ideas
(LONG)
- Buy Market
- Buy Limit 1 @ 31-38
- Buy Limit 2 @ 21-28
(SHORT)
- Sell Market
- Sell Limit @ 61-67
[UPDATE EGLD] Consolidation first <100$. Superwave coming >1000$#Elrond has been a profound source of inspiration for the past 2 years when it comes to my business, marketing and communication style and of course, since the beginning, I’ve tried to bring this modus operandi to
@MiraiLabsExp
Elrond is an example.
This is the last chart for this year (inverse chart). I still believe we need a couple of more months of consolidation (45$-75$) before the super 🌊(Aug —-> ?). Would be cool if some of the green e-commerce products built by @MiraiLabsExp will make a transition to the green blockchain of Elrond 🌊🪐
EGLD : Reversal Soon?EGLD / H4 / Log chart
Elrond will possibly form a Triple bottom support here and incase of bearish reversal, Confirmation will be a downtrend break and Supertrend giving a buy signal.
Longing some #EGLD When Downtrend line gets broken and Supertrend indicator gives a Buy signal.
1.65 million EGLD hack. $113 million Elrond eGold stolen!The decentralized exchange Maiar, native to the Elrond blockchain, has been temporarily taken offline after an attacker deployed a smart contract that allowed him to withdraw over 1.65 million EGLD.
The attacker sold around 800,000 EGLD, worth around $54 million.
The price of EGLD on Maiar went from $76 to around $5.
After this first critical bug issue on Maiar, my buy area for EGLD is $26.
🚩EGLD: falling wedge breakout! Wait for confirmation!EGLD price made a bullish wedge after a false breakout. As we know, the crypto market has its own specifics of patterns. Often it happens with manipulations, collecting of stop losses, false breakdowns, etc.
In this case, the manipulation was the first time when the wedge was broken out, when the candle collect liquidity above the wedge and returned to it. The price fell by 8-9%, almost the same as the entire crypto market. It`s not to much and show the bulls power. By volume, we see that this altcoin has been bought 3 times at the bottom. This indicates a big player who is accumulating a position.
Locally, we might see a breakout of the bullish wedge. If the volumes grow on price pullbacks, it will confirm our bullish scenario.
Targets can be identified by the horizontal volumes indicator. It`s the largest value areas, where the most of traders will close their position:
$90-93
$107-110
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
EGLD : A possible simple longing chanceEGLD / H4 / Regular chart
Entering into #Elrond once price breaks above the downtrend line and the red resistance box. looks promising if breakout happens...
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
We predicted in our last analysis on May 3 that the price would have more decline. At that time, the price was fluctuating about $120 and we expected more fall for it. Now you can observe that our expectation came true and the price has reached the amount of $75. Here we believe there will be no more fall for the price and it moves to the first resistance line and it has more rise. In case the support is lost for the price, then we should consider a short position for it.
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