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EGLD / Bitcoin

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EGLDBTC trade ideas

EGLD 50% Move to Upside Real PossibilityHi Folks, We are seeing a potential descending triangle on EGLD/BTC chart. If it breaks to the upside, I expect a HUGE move to the upside. However, there is a possibility of a strong BTC upside continuation, hence the triangle could break downwards. Not too worried about the Death Cross on the 4hourly, it can quickly turn into a Golden Cross Before entering any trades, watch for confirmation of break towards either upside or downside. This is not financial advice.
Long
by obsessedCrypto
1
EGLD.BTC (Y21.P6.E1).Toping formationHi All, Looking at the current climate, even though we have Alts moving today, I think EGLD against BTC is doing a ascending wedge and is likely to do something like a double top before dropping down based on the wedge formation. The only way this seems possible is that BTC in my opinion does a big bull run and the ALTs are left behind, including EGLD. Once BTC hits a major milestone, it will then give the ALTs the opportunity. Using my method when it comes to wedges, to me its highly likely this is the case. Look at the weekly chart below where the RSI agrees as well, with Bearish Div. I'm going to use this theory and apply it to a few alts to see if this resonates with many main Alts. and then make my conclusion. For now, its only a hypothesis. What do you think? BTC dominance , then a double bottom. Cheers, S.SAri
Short
by ssari
3
💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.004594). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 0.005145 TP2= @ 0.005704 TP3= @ 0.006075 TP4= @ 0.006497 TP5= @ 0.007000 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 ❤️
Long
by ForecastCity_World
9
💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.004594). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDBTC is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.005145 TP2= @ 0.005704 TP3= @ 0.006075 TP4= @ 0.006497 TP5= @ 0.007000 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 ❤️
Long
by ForecastCity
4
EGLDBTC D1: 150% gains best level TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! EGLDBTC D1: 150% gains best level TO BUY/HOLD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low. 🔸 Summary and potential trade setup ::: EGLDBTC D1 chart review ::: accumulation in progress now ::: updated/revised outlook ::: focus on buying pullback/dips ::: 150%+ gains still possible ::: EGLD will outperform BITCOIN ::: over next 1-2 months ::: BULLISH outlook / buy hold setup ::: up to 150% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +150% gains ::: details: see chart ::: FINAL TP is 150% gains ::: EGLD can pump 500%+ as well ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: PULBACK/RANGE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
1
EGLDBTC is creating a descending channel 🦐EGLDBTC is creating a descending channel and now the price is testing the weekly resistance. IF the price will have a breakout from the channel and from the resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
12