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EGLD / TetherUS

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EGLDUSDT trade ideas

EGLDUSDT Price Update EGLD has broken the falling wedge pattern in the 4H timeframe. Right now it's retesting previous resistance to find support. if this falling wedge pattern plays out, the target would be the top of the wedge which is approximately at 530. I think it's likely going up because the falling wedge is a bullish pattern and also in the 1H timeframe it's forming Bullish Divergence. if you want to trade you can wait to cross the previous high for extra confirmation and then you can enter a long position. we have good support levels around 342 and 335.
by BlackWolf001
2
EGLD TA - Possible bullish scenario 4hIf we break this falling wedge, we could see another leg up to higher pricetargets. I openend a Trade with a tight stopp loss . It's a risky one. - Good opportunity with a high risk reward ratio. - I expect holding this position for 2-7 days (depends on the volatility), if I am not getting stopped out 😄. You can see my pricetargets at the chart if this scenario plays out. We will see what happens :) Disclaimer: DYOR. No financial advice. Just for your impression.
Long
by CryptoPlough
🐺 EGLD created a bull flag 🐺Hello traders 🐺 . this I a very short idea about EGLD because in the higher time frame such as weekly or daily honestly I can't find an interesting chart pattern so I decided to look for patterns in the smaller time frame ; so let's dive into the chart : in the chart above you can see EGLD created very nice and perfect flag pattern which is very tradable because usually flag pattern is very easily to find and if you have enough knowledge about trading rules and trading strategy it could be very interesting ; however let's talk about the chart : in the chart price already testing 0.618 Fibonacci level and it seems price trying to found bottom around this level because it's very look like a double bottom pattern but if price unable to hold above 0.618 the next support level is at 0.786 Fibonacci level , so don't rush into the market and wait for the confirmation signs and make sure that you find the real price bottom . but let's talk about the price targets : it's to early to talk about the price targets because already I nor sure enough that this is a price bottom but we can assume that this is price bottom and calculate the price target based on that : usually the technical target of the flag is at 1.0 Fibonacci projection level but as you can see the 0.618 is around all time high price so could be a resistance price area . 🐺 I hope you enjoyed this analysis. Do not forget to like and subscribe share my ideas with your friends , thanks for reading my idea 🐺
Long
by Kiu_Coin
8