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EGLD / TetherUS

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EGLDUSDT trade ideas

EGLD/USDT 1D (ELLIOT'S WAVE ANALYSIS & BEARISH DIVERGENCE)There are two scenarios. 1 - by Elliot. MA147 is as good support. 3rd and 5th waves would say will finish just below MA200 resistance, that gives good perspective. RSI is going for a third attempt to cross the trend resistance line as well, Aroon after falling stays straight. Stoch above 80, means possible move downward. Macd just broke up Bearish neck, good sign for grow. 2 - ABCDE movement inside of bearish wedge and down to previous local lowest price. Bearish volume divergence.
by WoWAcEDuDe
EGLD new wave?From a technical point of view, if most of the coins are on the chart at point A and falling down, then EGLD has started to go in front of the market, has passed through the 50th and 100th MA and trying to hold above them, which is already a positive sign. We would wait for more consolidation with going up and potential targets of $59, $68, this scenario is relevant as long as we are above the 50 MA. EGLD is the native coin of the Elrond blockchain, used to pay on-chain fees, staking, and reward network validators. The Elrond project itself is not only a smart blockchain, but also a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. In a sense, the project token will correlate with the successful development of the project. The entire ecosystem still has development potential, a significant number of projects can still be released in this network through its own launchpad with the support of Morningstar Ventures as one of the main investors in the project.
Long
by razumcapital
Egld/USDT Short📉N.B. Follow me for more analysis Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones  in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is  confirmed the analysis is done. Take Profit: Blue zone is potential reversal zone Take profit is dynamic/trailing stop loss/take profit Stoploss: Stoploss is above/below swing high /low Trading and investment in the financial markets always involves high risk, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Short
by TrueUrBoss
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT In the current chart, we see R1 as our resistance area that includes the unsuccessful attempts of the price to rise. S1 used to be a resistance area and S2 is a support area at the bottom of the chart. Hence, the price is fluctuating below R1 and our expectation would be a little rise for it to reach the height of this area and there we should receive some falling signs in order to activate the short position and predict a decline up to S1 or lower than that. It is not so probable for the price to rise over R1. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
1
Elrond Bullish RSI Divergence Calls For at Least $10 RallyElrond (EGLD) has printed a bullish RSI divergence that supports more upside, at least until the next resistance around the $63 level is retested again. Additionally, Elrond is showing relative strength compared to the overall cryptocurrency market. These two technical factors combined offer a short-term bullish outlook for the Elrond price. Bullish RSI Divergence A strong bullish divergence between EGLD and the Relative Strength Index (RSI) oscillator was observed at the bottom of the current range near the $47 support level. The rally that emerged afterward doesn't seem to be running out of steam. Moreover, the price has developed the bullish RSI divergence in multiple time frames, indicating a potential bigger bounce. The path of least resistance is to the upside, as there are no clear resistance levels until the area between $63 and $65. EGLD Relative Strength Another divergence between the EGLD price and the Altcoin Index shows that Elrond is stronger than the overall crypto market. While EGLD's price broke above the mid-September high, printing a higher high, the Altcoin index continues to trade below its mid-September high. The divergence between EGLD and the Altcoin index may be just a short-term anomaly. Because we're still trading within a bearish cycle, this may be just a pullback, and sooner or later, EGLD could align back with the overall market direction.
by cryptohopper
1