EGLDUST trade ideas
Elrond retracement almost overHi everyone,
My count is presenting a very complex retracement for Elrond but almost over. 3 possible targets i see for now 254.90$, 241.31$ and 218.38$. Golden fib support is at 248.57$. Z wave show a max retracement at 200$... can be a wick, but i personnaly think the Golden Fib will hold.
Pattern we are currently inside is a falling wedge which is a bullish pattern
Best to you !
Shoulde we buy Elrond?BINANCE:EGLDUSD
On the H4 there is a buy divergence. If the price closes above the selected area (yelow one - above 316 - price), then there a very good oportunity for the Elrond to go UP! If not… we are on an descendent trend, we are expected that the trend will continue to go down till we will see other signs wich will give us a new oportunity to make a new analyze!
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
EGLD 4h Falling Wedge PatternFrom my analysis it seems we might have a falling wedge pattern indicating a reversal in trend.
Keep in mind that it depends also on BTC at this point that still influences the market.
If all works out a good entry level would be after $287. Wait for confirmation.
Good Luck!
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
EGLD - Elrondcheck this site "coin360" , set the block size in volume , hide the BTC,BNB,ETH,USDT ....
look at the EGLD, what a good volume .
in the ascending channel , you can buy EGLD for long-term ,it has great goals, midline is important resistance line , Ichimoku can help you .
don't forget to buy step by step and keep in watch the BTC chart .