Egldusdt
Big Correction big Target, Buy EGLD on breakoutHello Traders!
Only buy when there is a breakout. Before the breakout you can end in big loss.
There is a big correction in EGLD and it's very close to break the correction. The First Target must be 100% of the investment and original Target is 300.
Good Luck
Daily close look good for Elrond, 144$Hi everyone ! Hope everyone is well !! :-)
Double bottom confirmed on this recent daily close.. very clean.. with a new high and a higher low.
Bitcoin also had a double bottom with a higher low but no new high.
Short term here are Resistance
R1 : 135$
R2 : 164$
R3 : 182$
R3 : 200$
Short term here are Support
S1 : 101$
S2 : 86$
S3 : 55$
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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Potential trend reversal on the Dollar can affect the EGold ?Hi everyone,
As discussed yesterday in the email sent to my members there was this possibility of seeing the EGLD pull back slightly to lower the bottom of its wave 2. From now on through my analyzes I will include a follow up on the S&P 500 (SPX) and the Nasdaq and the DXY ( USD) because several correlations exist between these indices. I didn't like the recent tweet of Elon Musk saying "nobody is enough stupid to buy the dollar)... market makers were waiting for that one.... Elon should focus a little more on produce it's own cars in time.
S&P 500 (SPX) - Dollar (DXY) and Nasdaq (IXIC)
Right now we have some indications that the SPX is looking to pull back.. since the we had a spinning top on the daily close feb 16th. The DXY has already marked a double bottom on the weekly and monthly chart and currently seems to be tracing what could be wave 2 of a new streak of 5 impulsives. We gonna have to watch the dollar.. if the dollar is reversing, Bitcoin will make a pullback.
SPX : A spinning top candle closed on the daily chart Feb 16th.. we are on a correction (pullback). No indications for now that we are reversing yet.
Nasdaq : No real indications that the market will pull back significantly for now. Seems to be a normal (small pullback)
DXY : Still in a corrective phase, but we mark a double bottom on the W chart and the M chart. The USD is creating a W2 on what it could be a new 5 impulsive waves.
Current situation on the EGold: Market makers put the EGLD under the MA21, the question is, is it temporary? I will have to go a little deeper today, this DXY double bottom of the dollar is definitely something we need to focus on and I will analyze this more in detail today.
EGLD/USDT Bullish Pennant!!! This is REALLY undervalued now...EGLD/USDT making Bullish Pennant and soon this is about to be exploded.
If Bitcoin is now not this top and unstable, you know, now is the worst time to buy BTC, EGLD most probably could go up in this bullish signal...
Unfortunately, I personally think this may go below the support line, because most alts follows BTC and/or ETH. But I don't say this can't go up this time. This signal essentially is a bullish pattern.
EGLD/USDT 's target is respectively 210 for up and 81 for down.
But remember that: buy the fear(dip) sell the greed(top).
Also, alts are more volatile than BTC or ETH, like while BTC only down 20%, alts or this EGLD potentially could down 40%. Buying that dip is very great, isn't it?
Don't fear the dump and prepare yourself...
Luxury Trade💰One more pattern for you, wolves🔥
Really clean and seems like easy trade only for you.
There is a symmetrical triangle on EGLDUSDT.
There was a strong bearish sentiment before.
So let's see will it continue its own movement or the sentiment of the market will change!
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".