EGLD trading scenario 26th of April 2021Hi guys,
I see a nice V shaped recovery for EGLD from the median line of the descending parallel chanel.
Bull : break outside upward and retest follow by a nice green candle to overcome the 175$ area.
Bear : come back to retest the median and break to the downside (expecting a visit to the 110$ area soon)
RSI - almost overbought, Volume : low
Trade safely guys, this is not financial advice.
Egldusdt
EGLDUSDT: Analysis#EGLD/USDT
Spot (Midterm)
Investment Recommendation
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Entry Range : 150 - 130 - 120 - 110
Exit Points : 250 - 330 - 510 - 680 - 800
Stop Loss : No Need
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⚠️ Risk Level : 5/10
💲 3 - 5 % Of Total Assets
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@Tbae_Nike
TbaeTrades:
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EGLD ELROND Cup & Handle to 335$i still see this Cup& Handle pattern which can bring us to 335$ and pure correlation with 161.8% of fibonnaci.
What to watch.
-Daily MA21 at 193$ (resistance)
-ema Ribbon on 4 hour (resistance)
When to get in..
-Wait for a confirmation of the breakout over the trendline or if you want to buy earlier wait for a candle close over the daily MA21.
Best to you, leave me a comment, are you Bullish or bearish short term on Elrond?
CRYPTO Markets situation(What is going to happen right now?)Hi every one
the latest dip in crypto markets was pretty unfortunate for a lot of people. but the dump is only temporary! as you can see we provided some examples for you that shows the market is forming The V pattern! V pattern happens when the market gets emotional and people act on their Greed and Fear!(It is usually associated with high trading volume) V patterns Don't Effect the market trend. In our opinion the market will be back to where It has been few days ago and It would continue the bullish trend!
Thank you for seeing idea .
Have a nice day and Good luck
Elrond EGLD Bull flag Price projectionHi everyone, it's been a while, hope everyone is awesome !!
Just want to share quickly this bullflag formation with you, 2 projected possible prices are 281$ and 338$.
Last daily candle close was Bullish with a double bottom for the eGOLD.
I wish you the best of the best!
EGLD daily chartBull : sustains the price over the 190$ levels. The RSI shows a big bullish divergence that is currently playing out, price went to 245$ over the course of the weekend.
Bear : we form a bearish divergence and dip bellow the 190$ levels. If this will be the case, the 140$ levels seems to be a big support.
trade safely guys, this is not financial advice, only drawings on a chart.
EGLDUSDT | Crypto | Binance | Cup or Flag Which One After a strong climb, the currency formed a triangular pattern, corrected its rapid movement and gained the energy needed to climb.
As can be seen from the chart, after the failure of the white triangle, it quickly reached its highest price level.
The price is expected to show a corrective move at this level due to its sharp momentum :
This correction can continue even at the level of $ 176.
I marked the best level to offer with an orange rectangle.
Naturally, the price will not move at our request, but with its history, it can be predicted that it will continue to rise at this level by forming one of these two forms :
1. Cup & Handler
2. Flag Patter
Please Share with me your Idea About it .
Thank you