Egldusdt
EGLDUSD - Heavily Correlated to EthereumMany similarities are drawn in both charts
A large up channel, that so far hasn't broken
Two bottoms along this channel
Top points in relatively similar positions on both charts
A flat 200MA
This could be a sign that coins like EGLD are less correlated to BTC but more to ETH
EGLD cup and handlein my opinion egld so bullish because make a pattern cup and handle, now is prosses make candle, if break candle trendline it maybe will big pump.
entry, sl, tp up to you...
always manegment your money! thankyou
if you agree or not abaout my analysis please comment..
see you traders...
EGLDUSDT formed many bullish patternsIt seems EGLD formed bullish flag on different TFs. It's highly possible to break above the trendline and hit the target showed by purple line. Besides it formed an inverted H&S which i'm optimistic about it to break the neckline. Also a bullish Harmonic pattern formed on 1h, 2h and 4h TF. So i believe it might have a spike after breaking above the trendlines.
P.S: As the BTC's moves impact other alts, so bear in mind that it depends on the moves BTC make.
EGLD/USDT TA:22.3.31The EGLD has risen to the resistance level of 220 to 250 after a positive reaction to the bottom of the uptrend channel.
If this resistance is broken, it can grow up to 480-540, and if it is rejected from this area, it can test the channel floor again.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 31.Mar.22
⚠️(DYOR)
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Elrond (EGLD) Sell ZoneElrond (EGLD) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Short-term scalp, expecting a forming bearish pattern and breaking down the current zone.
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$EGLD/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 188 - 198.5
TP 1 : 185
TP 2 : 181.75
TP 3 : 178.8
TP 4 : 174.85
TP 5 : 171.1
TP 6 : 167
TP 7 : 161.25
TP 8 : 154
Stop Loss : 208.15
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ELROND LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ELROND(EGLD) after price made a failure swing low meaning near 130$ price area meaning the market strucutre has been shifted. We have a bullish BOS. I woudnt take LONGS trade from this area as we are not in a DISCOUNT market area yet. I will wait for the price to return to fill the bullish imbalances and reject the bullish orderblock on H4. And from there to go higher above 250$ - 300$ area.
What do you think ? Where we go next ?
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
We've once again retested long-term support and bounced from from our slight sub $128 zone, pushing price back up to around $134 where we're currently trading.
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$EGLD/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 128 - 134.75
TP 1 : 140.5
TP 2 : 145.2
TP 3 : 150.8
TP 4 : 156
TP 5 : 162.6
TP 6 : 169
TP 7 : 178
TP 8 : 189
Stop Loss : 120
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Elrond (EGLD) - March 24Hello?
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(EGLDUSDT 1W Chart)
If the price holds above 189.78, it is expected to turn into an uptrend. (Important perspective)
Primary resistance: around 259.05
Secondary resistance: around 388.02
If the price falls below the uptrend line, there is a possibility that it will move towards the 89.17 area, so you need to trade cautiously.
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(EGLDBTC 1W chart)
Above 0.001910: Expect the uptrend to continue
Above 0.0035: Expected to create a new wave.
Primary resistance: 0.004758-0.005159
Secondary resistance: 0.007040
It is important to keep the price above the 0.004228 point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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