EGLDUSDT trade ideas
$eGLD and its path North Barring anymore major rugs from btc, I see this for the near-term bull case. There are many catalysts pending for Elrond which will be updated at the next Town Hall meeting, which I think will contain info that takes this much further North than what I've laid out on this chart. $egld for the win!
EGLD DOUBLE BOTTOM PATTERNHello Guys , How's Going? This Days Market Crash and BTC and Altcoin Are bloody so you should be careful and set stoploss for all of you trading and do your own RISK MANAGMENT , SO EGLD after a big Retrace now I see the Double Bottom Pattern in 4H Time Frame , but as you know Btc is unstable so im setup my Trade and you can see in the chart , first target is 142$ and if neckline break we can expect to see 170$ , NOT FINANCIAL ADVICE
HAVE A GOOD TRADING FELLAS
Egld As yiu know I entere around 118s. I added on pull back from 127$ area I talked about as well. And just added here at 135$ break. As of now 4 hour cloud reistNce around 147. Target for me is 147 with high of 151$ Btc broke out of symsetrical triangle. Looking for it to clear and hold 36250. This could be setting up for a push up further. These are the first bullish patterns we have had in weeks
Should I buy EGLD now?Hello and welcome to my idea about EGLD / USDT.
If we take a look at chart we can see how EGLD just had a dump (-50%)
If u don't have EGLD you just can wait. In my opinion It will dump again probably 50%.
Let's see why.
MACD histogram show us one signal but isn't enought to be bullish on price.
RSI didn't was in over sold area yet. If we take a look in past it show us a good nivel to buy.
So we just can wait to see how price will move. If u want to be sure you can buy 10%/15%.
🔥 EGLD At Massive Support AreaSix weeks ago I made an analysis on EGLD. In this analysis I discussed the ascending / bearish wedge pattern and the bearish target in case of a bearish move.
As of this week, the bearish target of $170 has been reached and EGLD is currently trading near a huger support area.
It's certainly possible for EGLD to drop further inside the area of support, but a weaker BTC would be needed for that. Since BTC appears to be relatively bullish in the short-term we might actually reverse from this area.
For the coming weeks I've got my target placed at $300. Not sure how much juice EGLD has left in it since it made a 70x already, but who knows.
Happy trading!
IDEA OF POTENCIAL BREAKOUTAs we are currently in a bearish trend and the trend line has proven many times to be a massive resistance.
I am waiting for its breakout and potential pump to the level around 220 USDT.
If not we will be continuing the bear trend as seen in the chart.
RSI Stoch is showing a potential value increase that could lead us to the breakout.
Thank you and please feel free to share your opinions!
My thoughts on EGLDEGLD has seemingly held at its 55 week MA and is possibly going towards a trading zone between 220 to 250. After it reaches that price, depending on buy/sell volume and the overall market trend it could potentially reach its old peak or pummel down towards its old support (if BTC and ETH doesn't hold current price level). Keep an eye out for large volume buys and sells on the hourly charts.
TRIAGLE AND TRENDLINE BULLISH SIGNALAn almost perfect triangle is being formed along with bullish trendlines.
#1 SCENARIO
If we broke the level 202 USDT, we will be able to pump to 220 USDT and then to the previous consolidating level between 233 - 240 USDT.
#2 SCENARIO
We will follow the current bearish trendline up to the nearest massive support zone around level 180 USDT.
Any comments, thoughts, ideas are most welcomed to be shared!
Thank you for reading!
Potential Change of MOM?This pair is trading at very low prices compared to history. The price has been falling for some time and while doing so it has formed a downtrend. This trend may be broken if the price manage to close above the 225$ which will indicate a change of momentum and bullish trend.