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EGLD / TetherUS

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EGLDUSDT trade ideas

🔥 EGLD Massive Ascending TriangleSince EGLD's inception on Binance, this token has been trading inside an ascending wedge formation. During the fall late last week the price saw a sharp bounce from the lower trend line / support area, indicating that investors were eager to step in around that area. With Bitcoin seeing some slight downward movement at the moment, there's a decent chance that EGLD will go for a re-test of said trend line. Furthermore, if stocks (and therefore BTC) will keep dumping, this ascending wedge might break bearish. Be aware that ascending wedges are classically bearish chart patterns, so there's a higher probability for this pattern to break bear than to break bull. In case of a bullish reversal, look at the top trend line for a potential exit. In case of a bearish break out, look at the $170 area for a potential target. Happy trading!
by FieryTrading
2
EGLD PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the EGLD token is bullish. The coin itself has a very healthy market sentiment within the 0.236 FIB and established a lower high even at oversold levels in the Relative Strength Index, however a new resistance is formed with an obvious FOMO pump, and will take some considerable amount of retracement to even get back to the normal curve of bullish ascending wedge. A decent retracement back to the strong support of 0.236 is more likely to be a good long, but considering a soft buy at 0.382 is not a bad choice either. The recommended strategy for the coin is to long it during bull markets and buy it in general bear trends. You should start selling off the price at the previous resistance above the 0.618 instead of gambling for a further upside which is considered to be random or an outlier.
Long
by Wamses
3
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price. The price is falling to very strong support, where the EMA 200 Daily is also important. This place of strong confluence TL + S/R + EMA200 is marked in the purple box. Here we expect a strong price reaction and an upward price reflection. If all the conditions of our Price action strategy are met, we will enter the Long Position. Happy trading, Alex_UCT
Long
by UltimateCryptoTrader
3
EGLDusdt3 minutes ago The main idea is to win back the rebound from ema200 on the day + ema20 on the week. At the moment, the trend is holding, it is possible to identify some hidden divergences on the rsi on the daily chart. Continuation of movement within the wedge is very likely - 2 options. The position set will be in the designated zone as soon as there are direct divergences on the RSI on the day.. So far, there are hidden divergences in the shorts at 4 o'clock. The white trend line follows a weekly chart. It holds very well so far. However, something extraordinary can always happen, long then after the blue zone 1 minute ago
by S0rt0
1