EGLDUSDT trade ideas
EGLDUSDT: BREAKOUT AND RETEST OF TRIPLE RESISTANCEThis asset broke out of a horizontal, diagonal, 200 DMA and head and shoulders neckline, a retest has just been completed. I expect some growth from here.
Shortterm targetsThere is a descending resistance line on the weekly. Descending resistance pretty much always breaks to the upside.
$63,87 -> Should be the easiest to break. You can take small profits here but honestly, it would be a waste. Personally think we will break through this, but it still a heavy point of resistance on EGLD. Thats why im mentioning it.
$74,34 -> A great take profit target if you still believe we're in a bearmarket.
$85,62 -> The best tp level for a scalp. Not extremely high, especially for this great project.
Obvious disclaimer but still disclaiming; these are shortterm targets. I personally believe the potential of this coin in the longterm is much higher.
Inverse head and shouldersnot in the mood for worrrdssss bacon turd ham sandwitchesbrew from my butt .
EGLD: Inverse head & shoulderEGLD creates a perfect inverse head and should pattern. I'd be surprised if we don't shoot to $63.
EGLD: Resistance BreakoutElrond (EGLD) technical analysis:
Trade setup : Price broke back above $50 resistance and 200-day moving average, making Higher Highs, which are all indications of Uptrend. Price could revisit $60 next. Recent strength comes after its partnership announcement with Tencent (owner of WeChat).
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $40 (previous resistance), then $32. The nearest Resistance Zone is $50, which it broke, then $60.
EGLD CUP AND HANDLE Here is your cup of coffee , I think EGLD will be go higher. from here especially is the dollar gets weaker
Possible H&S on EGLDI spotted this one too late unfortunately and I'M NOT SURE the right shoulder counts as shoulder but volume suggests it should be it. However if it retraces to that OB down there I think it'd be a good place to grab some. The target is the zone up there.
Good luck
Egld | If You Are Following Me Then You Are Already in 8% ProfitEgldusdt
Breakout As expected, 8% Profit So far
Retesting In precess Incase of successfull retest expecting 30%-50%- Bullish move
Dyor
long 4hourlong 4hour
Entry and exit limits are specified
If the entire cryptocurrency market continues to rise, this chart is also susceptible to such a position.
Egldusdt | Expecting 50% Bullish Move Let's SeeEgldusdt
Breaking horizontal resistance & forming descending channel in 1d time-frame incase of breakout 50% Bullish move confirm
Do your own research
$EGLD is building hudge! Check out the news, DYOR!We will see $EGLD over 1.000 USD in a year.
IF today #MultiversX has 2 mil users, tomorrow it could reach 1 bilion.
twitter.com
See who is TENCENT :
en.wikipedia.org
... also, let me remind you, they will launch a lot of new products and features:
multiversx.com
Future is near the corner and #MultiversX are one of the builders.
DYOR!
CHEERS!
Egldusdt Pretty Bullish Egld
Horizontal Resistance Already Broken
Formed Descending Channel in daily timeframe incase of breakout expecting massive bullish move
Note: Always wait for breakout
Dyor
Egldusdt Looks Pretty Bulish seems Like getting ready for another Bounce
Forming descending channel in daily Timeframe Incase Of breakout expecting 120 To 130% bulish Move
Horizontal Resistance has already Broken expecting massive breakout
Egldusdt Looks Pretty Bulish Falling Wedge Breakout And Retest has Already Confirmed
Expecting 160 To 180% Bulish Wave Buy And Hold Some Place stoploss Below Black Line
EGLD BUY SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Potential long on EGLDI'm looking for hedge longs on alts. EGLD is one of my favorites.
-> Very nice rounding bottom (potentially a spring).
-> Clear resistance and support.
-> Clear target.
$EGLD - Short Trade Set-Up$EGLD - Short Trade Set-Up
Entry Conditions:
- Bearish Impulse Signal
- Trading Range - Likely to retest lower again
- Break down from consolidation
- Beraish Divergence
EGLDUSDT | SUPPORT BROKENEGLD on 4H time has broken below the rising support.
The bears have taken complete control.
Now the price is trading above the horizontal support.
The price may rise to test the broken support which may act as resistance zone .
Manage your trades accordingly
EGLDUp or down, getting rejected at 180 day MACD has crossed to the down side. Could be a short. BUT close above 180 and MACD cross over may be a long. Do what the chart says.
EGLDUSDT 4H BULLISHThe EGLD is currently transiting the median of the Keltner Channel heading towards the upper band, where it should reach the upper edge of the bullish channel and decrease a little.
Bullish RSI , indicating exhaustion of selling forces and the Ichimoku Cloud transiting below the asset , makes the EGLS pair totally bullish. A limit order on one of the supports would be a log option for today.
Here are the supports and resistances in the 4H:
Main support levels: 44.87 / 42.88
Main Resistance Levels: 47.63 / 49.29
Elrond was a blockchain platform that specialized in offering scalability solutions, using its adaptive state switching technology. However, the company announced its transformation into MultiversX last November. The renowned company's main focus is now on the metaverse, as signaled by the launch of three new products:
XFabric – A fully customizable blockchain module.
xPortal: An application that will act as a portal to the Metaverse.
xWorlds: A mechanism to be used to create virtual worlds.
