egld | ew | short term If u wanna trade this , watch for reaction at 52$ , for a pump to 58 $ , and get out after cuz another dump will come . Trade safe , allways put stops at the wick of the candle where u see the reaction at the given target , that way u minimise lose a lot . Longer term im bearish and we can see egld below 30$ a future update will come along with btc . Allways wait for the reaction and OCO with stop at 52 for example depends where the reaction happened and limit lets say 57 $ .
Another good way to enter is to wait to have the A the B than we will have a more accurate C for a better entry
EGLDUSDT trade ideas
EGLD/USDT Elliott Wave CountEgold verry probably to bounce for an x wave and than to go up
We have an W wave expended flat corrective pattern and now an X wave also expanded flat corrective pattern.
Triangle in 4th wave from the c wave from X wave.
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Short for a 5th wave and than long. Until next update short for the 5th wave!!
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Egld This could be flipping bearish on us further as I said 57 was key support we lost that area. We did rally higher then expected on the retrace but 58,90 was rejected. We found support at 54.90 so watching that to break to confirm more down side. If we control that we could double bottom but with Btc king what it is doing I don’t expect it. Next support for me is 51 or 52
Egld Failing to hold above 64 area and seems to have rejected. Main support is 57. We could end up ranged on top of that W pattern with the. Neckline 57 but if we lose 57 and flip to reistance the bearish trend can contiue. We still haven’t made a new higher high yet so this is still in a downtrend even with most recent bullish prices
EGLD/USDT Elliott Wave CountI think that 4th wave is complete for Egold
I will present you the count of this 4th wave that started from 13 june 2022 and I think this is the best interpretion for now!
4th wave pattern is an expanded flat correction composed from:
Wave A: an expanded flat
Wave B: another expanded flat
Wave C: Impulse 12345 with a truncated 5th wave, verry important thing because is show us that the price is under the sales presure for starting the 5th wave down.
So, I expect massive price drops with an impulse to complete a 5th wave of a bigger impulse to the downside.
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Egld Let’s see a nice 4 hour candle body closing above 64-64.30. Support at 60.55 is holding up which was breakout of previous consildation on top of W reversal pattern. Breakout of downtrendinf resiatnce. This is looking to be setting up for a monster move. If bull pennant is forming here we are targeting upwards of 75-80$ to start.
EGLD/USDT HELLO GUYS THIS MY IDEA ABOUT EGLD Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
REBENGA TURTLE TRADER
Egld After confirming the W-neckline as new support EGLD has now broken out of the consolidation it’s it’s been in with this potential symmetrical triangle or bullpennant it that we have now formed on top of the neck line. This is looking extremely bullish from a daily perspective and I am targeting upwards of $75 to retest some previous support. Holding above 60.30 It’s going to be an extremely bullish sign and I am Wong from $45 and I ended up adding just about a half an hour ago in the $59,40 range and may add on a following pull back to potentially retest this pattern breakout. As long as we continue holding above $57 EGLD is primed to succeed
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
Here we have S1 which used to be a resistance line and the unsuccessful triumphs of the price to rise is obvious. R1 and R2 areas are our resistance areas. At the present, the price is fluctuating over S1 and we predict a pull back to R1 for it and then it may have a fall by reaching that area. But in case it moves over R1, and fixes there, then it will face more increase to R2. If the price falls below S1, then more decline will be waiting for it.
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
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Egld Despite the large fall egld I’m pretty excited to see these lows. I did start accumulating this at the 44-45$ range. Now although these crypto markets look bad, egld is one of my top favorites for the long hall and look the most similar to etherum chart , only a few years early of the same parobolic move that Eth had. This could
Be way early but I’m going to contiue to load up on EGLd on red days. Needless to say watchinf this w pattern as it progresses. Seeing if we can flip 58$ to new support and hold or if we retest the 40$ lows. Either way I will be buying in more as the weeks go on