EGLD
EGLD : A Clean falling wedgeElrond is consolidating inside a falling wedge and on breakout, I will watch out for the following 3 resistance zones. Currently bought a bag and holding in Spot...
EGLDHELLO GUYS THIS MY IDEA 💡ABOUT EGLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push up the market again..
DOWNTREND + Resistance from the past + Strong volume area is my mainly reason for this short trade..
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TURTLE TRADER 🐢
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
EGLD/USDT short
Entry Range: $47 - 49
Price Target 1: $42
Price Target 2: $39
Price Target 3: $30
Stop Loss: $56
EGLDUSDT Bearish Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)
[UPDATE EGLD] A 100% rally of EGLD is possible.Range theory.
Target price: 104-112$.
Looking for a rally pre-Ethereum merge for all alts.
EGLD bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
EGLD is a cypto with a negative overall sentiment recently.
I have the following price targets:
EGLD/USDT short
Entry Range: $51 - 56
Price Target 1: $48
Price Target 2: $39
Price Target 3: $30
Stop Loss: $63
EGLDHELLO GUYS THIS MY IDEA 💡ABOUT EGLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Buyers from this area will be defend this Long position..
and when the price come back to this area, strong Buyers will be push up the market again..
uptrend + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢