EGLDUSDT trade ideas
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
Here we have R2 and R1 as the resistance areas that represent the unsuccessful triumphs of the price to rise. S1 is our 4-hour support line and S2 is another support area in which the support of price at different points is clear. Thus, we have the price fluctuating above R1 and our expectation would be a rise up to R2 and then by being rejected to R1, another increase is waiting for the price upward. If the price reaches R1 and is not supported, it faces a decline toward S2.
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
EGLD - Will X Day Ignite a Bullrun? Not Financial Advice. I noticed that EGLD looks sorta similar to how Bitcoin looked when it was bottoming in 2018 - 2019 and it kind of aligns with the upcoming X Day event in 33 Days.
Website: xday.com
It seems like they may be announcing something big not exactly sure what it is about exactly but the video on the website looks interesting.
Typically with these type of events or updates whales like to front run the market and start pumping it up before the big announcement/update. That is exactly what happened with ETHs 2.0 update.
It had an initial drop and it had a slow grind downwards to retest the 0.236 Fib retracement level of the range.
As long as we maintain above that 0.236 Fib level I don't see why it shouldn't start an uptrend.
Recently XRP seems to have sparked its uptrend bringing some Altcoins with it like XLM and ALGO after it bounced off the 0.236 Fib retracement level in the range. XRP seems to be the market leader currently but it may be consolidating in this zone for awhile.
I guess we will see what the future holds but EGLD is one of the best Cryptos in terms of tech and if you are interested in the details here is a link for more info.
docs.elrond.com
Egld One to watch here as we are now breaking out of this falling wedge. We do want to see follow through over the next daily candle however holdinf above 48 is the first key sign A month ago howverr, BTC made a fallignwedge breakout, went sideways after the resitance break and dumped.. so our biggest thing we want to see is volume and momentum come in to show the market is agreeing with this idea. Longs are tough to grab up right now as the bears have been strong in all sectors
EGLDUSDTHello friends. In the daily time frame, we are witnessing a descending triangle, according to the volume, we can have a positive divergence, which will lead to the breaking of the upper side of the triangle and the increase of the price to the specified targets, which are also the upcoming resistances.
EGLDHELLO GUYS THIS MY IDEA 💡ABOUT EGLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push up the market again..
DOWNTREND + Resistance from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
EGLD/USDT short
Entry Range: $47 - 49
Price Target 1: $42
Price Target 2: $39
Price Target 3: $30
Stop Loss: $56
EGLDUSDT | BUY ON BREAKOUTEGLDUSDT on daily time frame has been trading with in a falling wedge. The price has been trading near the upper boundary of wedge.
The bulls need to break above the wedge. The first target should be the 0.382 fib level and 100MA too.
The bulls are in control.
Trade your levels accordingly.
EGLDUSDT | BULLS CAN MAKE A MOVEEGLDUSDT has been trading within a falling wedge . The price is making lower lows and lower highs. The price is currently trading at lower boundary of wedge . The bulls can shows positive momentum at support.
The bulls need to hold this support level . While bears will be active below break of support.
Trade your levels accordingly.
Egld/USDT Long📈N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss
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:
Take profit is dynamic/trailing stop loss
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EGLD 1DAccumulating zone that im not inrested in. Let's by a dip, or buy when interest fot this coin is confirmed with volumes or the resistance (red zone) is broken. A small divergence (aug20-sept7) on the RSI and 40.00 still bullish. Plese do not trust these divergence in accumulating zones. My fantasy scenario
EGLDUSDT Bearish Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)