EGLD BUY SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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EGLDUSDT trade ideas
EGLDUSDT 4H BULLISHThe EGLD is currently transiting the median of the Keltner Channel heading towards the upper band, where it should reach the upper edge of the bullish channel and decrease a little.
Bullish RSI , indicating exhaustion of selling forces and the Ichimoku Cloud transiting below the asset , makes the EGLS pair totally bullish. A limit order on one of the supports would be a log option for today.
Here are the supports and resistances in the 4H:
Main support levels: 44.87 / 42.88
Main Resistance Levels: 47.63 / 49.29
Elrond was a blockchain platform that specialized in offering scalability solutions, using its adaptive state switching technology. However, the company announced its transformation into MultiversX last November. The renowned company's main focus is now on the metaverse, as signaled by the launch of three new products:
XFabric – A fully customizable blockchain module.
xPortal: An application that will act as a portal to the Metaverse.
xWorlds: A mechanism to be used to create virtual worlds.
EGLD is Ready to Jump?Here Is My Study on EGLD.
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EGLDUSDT | EYEING A BREAK...
EGLD is testing the important level, and the chart looks fascinating.
The price could move up and break above the resistance zone and test the 54 level .The bulls are printing ullish candles nar the resistance zone that favors bullish trend in future.
Manage your trades accordingly.
EGLD nice mid-long term hold broke resistance with nice volumeEGLD nice mid-long term hold
3x -- 5x leverage also nice to trade
Market Cap: 1.1B
Category: Elrond Ecosystem
Target 1: 52.16
Target 2: 56.76
Target 3: 61.31
Stop Loss: 38.64
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
Accumulation with Spring before BTC halving?This is my bet if we are currently in an accumulation phase for EGLD on the USDT pair. I combine the pitchfork with the Wyckoff accumulation schematics, where I am considering a spring event that takes EGLD around 30$. The next top coincides with the median of the pitchfork which is considered a big resistance.
Possible inverse Head and Shoulder formation for $EGLDWe could see a possible bullish head and shoulder pattern play out for this pair.
Despite this, I am currently in this trade, with multiple SL's on the way. Remember to TP along the way, welcome to use the resistance/support lines shown, however make sure you do your own research.
Happy trading. Good Luck!
EGLD long term scenarioWe have strong buy SIGNAL on 1W TF. Also, I've marked some fibo levels, and the TF for what I belive is to come.
RSI is also out from this selling channel.
We have to say that MultiversX has a looot of amazing fundamentals.
They are going to launch a product once on two weeks from now till may 2023. Also, they have one of the most serious teams in cryptoworld. Great TECh, super fast chain, amazing comunity!
I'm all in EGLD and MultiversX.
This is not a financial advise!
It's jus my opinion.
Cheers GUYS!
EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders,
Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible,
Points to consider,
- Price action corrective
- POC Resistance
- .786 Fibonacci Resistance
- Weekly S/R Resistance
EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias.
The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range.
Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.”
― Mark Douglas
EGLD ready to break out
EGLD is still in consolidation between the longterm trendline and the EMA 50D.
Volume indicator MFI has been almost broken the resistance and so does OBV.
If break-out happens (likely), ELGD will have a good chance to reach november 2022 level (i.e +50%).
A referenced SL would be below the EMA 50D ($38.7).
EGLD in a potential pointIn weekly time frame there is a massive falling wedge pattern and finally the breakout has confirmed
we expect the price will raise to 64$ in next few days
Targets: 64$. 93$. 133$
Stop loss: 27$
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