EGLDUSDT trade ideas
EGLD cup and handlein my opinion egld so bullish because make a pattern cup and handle, now is prosses make candle, if break candle trendline it maybe will big pump.
entry, sl, tp up to you...
always manegment your money! thankyou
if you agree or not abaout my analysis please comment..
see you traders...
EGLD - The Next Healthy Pump And Dump Using Fibonacci and harmonic patterns (and possibly some good luck) it's possible generally to predict future price action(depending on conditions-
The price action in this chart is entirely contingent on moves that BTC makes. iPhone eights closely at any Alt coin chart - BTC's signature is ever present.
In no way is this chart meant to be traded around. However it could be used as a reference to give you ideas.
* this chart will certainly be invalidated if BTC makes a significant move downward
Good luck and best regards
EGLDUSDT formed many bullish patternsIt seems EGLD formed bullish flag on different TFs. It's highly possible to break above the trendline and hit the target showed by purple line. Besides it formed an inverted H&S which i'm optimistic about it to break the neckline. Also a bullish Harmonic pattern formed on 1h, 2h and 4h TF. So i believe it might have a spike after breaking above the trendlines.
P.S: As the BTC's moves impact other alts, so bear in mind that it depends on the moves BTC make.
EGLDUSDT is creating another bullflagThe price created a triple bottom on the 129$ area on the daily timeframe and after the breakout from the weekly resistance (164$ the price had a nice bullish impulse until the daily resistance on 200$
The market is testing the static and the dynamic resistance on that level and non the 4h timeframe the price is creating a bull flag as well
How to approach?
Th price needs to create a new breakout from the bullflag and static resistance on 203$ and the market needs to satisfy our rules before new long position. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
EGLD new updateHello, trading view community, should you like this analysis please support with likes and comments. Thanks.
Never risk more than you can afford to lose.
Always DYOR
This is a new update for EGLD, when EGLD was $151, I post an analysis that it will reach to $213., anyway EGLD reached its target, then it pullback to $198 if EGLD can break up $202 resistance zone again, it may reach to $276
The entery, TP and SL have been marked on the chart.
This is personal idea and I am not a financial adviser.
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (138.55).
. 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 55.
Take Profits:
TP1= @ 156.71
TP2= @ 168.18
TP3= @ 183.35
TP4= @ 206.16
TP5= @ 222.26
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (138.55).
. 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 55.
Take Profits:
TP1= @ 156.71
TP2= @ 168.18
TP3= @ 183.35
TP4= @ 206.16
TP5= @ 222.26
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/USDT TA:22.3.31The EGLD has risen to the resistance level of 220 to 250 after a positive reaction to the bottom of the uptrend channel.
If this resistance is broken, it can grow up to 480-540, and if it is rejected from this area, it can test the channel floor again.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 31.Mar.22
⚠️(DYOR)
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