$EGLD/USDT 12h (Binance Futures) Parabolic curve on support
Updated
Elrond eGold is up-trending and about to go even more parabolic after regaining 50MA support.
Current Price= 211.89
Buy Entry = 213.65 - 198.65
Take Profit= 267.95 | 323.28 | 382.64
Stop Loss= 164.82
Risk/Reward= 1:1.5 | 1:2.83 | 1:4.27
Expected Profit= +29.98% | +56.82% | +85.61%
Possible Loss= -20.05%
Fib. Retracement= 0.786 | 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 211.89
Buy Entry = 213.65 - 198.65
Take Profit= 267.95 | 323.28 | 382.64
Stop Loss= 164.82
Risk/Reward= 1:1.5 | 1:2.83 | 1:4.27
Expected Profit= +29.98% | +56.82% | +85.61%
Possible Loss= -20.05%
Fib. Retracement= 0.786 | 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
Both entries filledElrond eGold bounced instantly regaining 50MA and seems to be ready to push higher!
Trade closed: target reached
TP1 reached with +29.98% (1x) and +1.5RElrond eGold is taking its time but is surely going up, SL moved to 2nd entry (198.65$) now.
Trade closed: target reached
TP2 reached with +56.82% (1x) and +2.83RElrond eGold is pushing higher and fortunately SL held on that wick down to demand zone!
We still expect more bullish continuation but time to grab some profit and adjust SL to 1st entry now (213.65$).
Trade closed: target reached
TP3 was reached with +85.61% (1x) and +4.27RElrond eGold made it to final target and even more with up to +140.12% from average entry, trade is fully closed now!
#BEP20 0xbf7c81fff98bbe61b40ed186e4afd6ddd01337fe
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