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Egldusdt

eGLD/USDT - officialy BULLISHHello folks! Almost a week ago, I've shared with you my view on this pair (it was around $8.8) and I've mentioned that we are about to start forming higher highs and higher lows. Now, here we are, around $12.7 with such a strong breakout on daily. This analyze is on daily, so DO NOT shake out at price corrections on lower timeframes! SUPPORT: - $12.2 (target that in September acted as support, rejected and, when broke, it lasted untill now) - $10.4 (this price was resistance on a price range for 2 months (while eGLD was sideways); furthermore, around this target ($10.6) is a 32.8 fibo retracement level) - $8.6 (middle of the sideways range) RESISTANCE - $13.4 (this one is actually a resistance on weekly chart, but given the fact that there are no significant resistances above this level on weekly, makes it important; a close above it on W takes eGLD toward ATH); - $15 (acted as resistance in September and when rejected, price went straight down; also, it can be a 61.8 fib extension level, considering $6 as the lowest price (19th Oct), today's high ($13.5) as peak and $10.4 as a possible correction); - $17.7 (3 candles ranged around this level; even so, it's not such an important resistance, but it worths to be mentioned); I've also drawn an Elliott W. scenario, but you have to readjust the first wave in case that it keeps pumping! (obviously, from another point of view, this could also be the 3rd wave) IMPORTANT: Please, keep in mind, that every target specified above, IS NOT AN EXACT PRICE, so take it rather as a narrow range! Stay safe This is not financial advice!
Long
by rooster_xbt
6
EGLD / BTCEGLD / BTC 🌟 Technical Analysis 🌟 The price broke out from the falling wedge And forming bullish inverse H&S Now we can see also The price got rejected from EMA 50 (brown) after nice Breakout And EMA 20 hold as support (red) If market and btc continue giving alts a breath... EGLD one of top coins that will grow Now i expect it will have some pullback to local daily support before next leg up Buy after successful retest Please have a plan before trading and use stoploss Good luck and happy trading 🌹
Long
by Babenski
2
eGLD/USDT - DAILY CHARTHello folks! Today I want to set out a few things on eGLD/USDT pair, so we can further have a clearer view upon this chart. Resistance: - $9.8 (up to $10.4 - both daily) - $12.3 (daily) * - $13.4 (weekly) - $14 (daily) If we have a clear breakout above $10.4 on daily, next target is $14, with a possibility of price ranging around for a bit between $11.3-$12.3. Support: - $8.7 (32.8 fibo level - daily) - $7.8 (daily) * -$7.56 (weekly - never closed below !!) - $6.9 (daily) If we close below $8.7 on daily, next target is $7.8. Same thing on this level (clear breakout below $7.8 -> $6.9 - BUT on weekly, most probably, price will go up to close above $7.56). Accumulation zone: $6.9 - $7.8 Personal view: On short term, I think this day or the next one (28.11) we will close below $8.7 so we can retest $7.8 (or as close as possible). From there, we will reject and keep going up, forming higher lows and then higher highs. THIS IS JUST MY PERSONAL VIEW, SO YOU AND ONLY YOU ARE RESPONSIBLE FOR YOUR OWN TRADES! Even if this price prediction fails, support and resistance levels are still valid so stick to them! Wish you all good luck and stay safe! This is not financial advice
by rooster_xbt
2
EGLD/BTC (Testing Important Support)💎Technical Analysis Summary💎 BINANCE: EGLDBTC -EGLD is back from its previous minor consolidation last June 2020 -This is crucial, because if this level of support failed -The next potential support below is somewhere around 300s sat -That is quite a heavy downward move if it happens -The Altcoin market is too Bearish as of this moment -So buying at key support is still high-risk A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
eGLD/USDT - h4 update (IMPORTANT LEVELS)Hello folks! We have a really cool chart on eGLD/USDT and I fully recommend you to watch it closely for the coming days. The white descending channel has it's support at ATH candle close and it's resistance at it's peak (not exactly "ATH" - I chose the second candle on daily because the first one is the actual one that made an ATH and it's kinda irrelevant because price has an extreme low and high levels, so just ignore it). Currently, the price is sideways and it's just between 2 areas: if it breaks up $7.8, we're going first to $8.2 (38.2 fib retracement level - if this one is broke as well, then we're heading to $9.3 AND we've already changed the trend into a bullish one (because we are breaking the resistance from the descending white channel - which is important)). If we break down $7.2, we'll soon see $6.6 (if this one is broke, we are going to test the 61.8 fib extension level ($5,5)). Keep in touch and stay safe! This is not financial advice! Diversity your portofolio!
by rooster_xbt
EGLD/BTC (Awaiting Breakout Direction)💎Technical Analysis Summary💎 BINANCE: EGLDBTC -EGLD is on a strong downtrend -The price is currently trading in a ranging channel -It will either break to the upside or downside -So to protect your self from the wrong direction -Waiting for the breakout direction is the is the best option -If the market breaks to the upside above the channel box -That is good confirmation to enter a Buy position -Target is up to 900 sats or higher -But if the market breaks lower below the channel -That would be a good selling position A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
8
EGLD/USDTHello folks! Few hours ago I have posted a bearish view about EGLD chart. I'm going to flip the side now and offer a bullish case (I think we are going to invalidate the previous one - rlly don't want to mislead you guys, but as a trader you have to change your mind so many times and it's not that I didn't see that C&H pattern, but because I was so confident in my bearish view that I almost ignored this one - sorry, again). So here we have a C&H on 1h: clean break up above $10.15 will confirm the pattern and the target is around $12. Keep in touch. This is not financial advice! @TradeWithBravo
Long
by rooster_xbt
1
EGLD/USDTHello folks! Unfortunately, with the entire Elrond team huge efforts, I think it's berish period isn't over (yet). So, on weekly, we need a break up of $10.7 for a trend reversal. On daily, the same move above $10.7 resistance, will place us into a sideways range ($10.7 - $12.3). Finally, on h4 if we want to revisit that attempt to break up the $10.7 resistance, we should break up first the $10.1 area. Even so, don't forget to watch closely the entire market sentiment and stay safe. I'll come back with updates! This is not financial advice! @TradeWithBravo
Short
by rooster_xbt