Egld analysis You have major levels, minor levels
Purple surfaces are major surfaces and orange surfaces are minor surfaces
Given that we have had a drop from the major level, we can wait for a pattern like the one drawn. This currency code has a lot of good news over the next month, and I think the range
$ 114_129 can be a good range to buy this currency, and if the downtrend fails, it can go up to at least $ 218_248, and the longer-term targets in that range will be: $ 430_547
EGLD
EGLDUSD EGLD recently broke a downtrend line and managed to break above the support line. On the 1D chart, the EGLD seems to have a bullish scenario and it is not excluded to see the value of 224 on the chart.
On the one-hour chart we have the formation of a triangle about to pierce it and indicate a more precise direction in the near future. These days I'm looking for a long-standing market entrance area.
🔥 EGLD Bounce From Long-Term supportSeeing today's big green candle, I think we correctly called the reversal area. For now, I think we're likely going to trade bullish until we reach the previous double top area around $200. Unclear what will happen after that. If BTC will continue to trade bullish we might finally take a shot at $300 or more.
Always do your analysis before making a trade.
ELROND LONGS ACTIVE 📉📉📉Expecting bullish price action on ELROND as price shifted the market strucutre from bearish into bullish, price retraced back into the bullish orderlbock area 150$ + filled the bullish imbalances, i am bullish on BTC meaning elrond should rise as well.
What do you think ? Comment below..
EGLD is gonna Touch 260-300$ soonEGLD is in an Ascending Triangle. This means the Price can Increase as much as the Measured Price Movement (AB=CD). No break out Has accrued yet So we shall wait Before Confirmation. there is also a Hidden Bullish Divergence on MACD as well (+HD) Which means the Price is gonna Increase pretty Soon! If the break out Happens we can See EGLD reach 260-300$ afterward.
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Thank you for seeing idea .
Have a nice day and Good luck
ELROND(EGLD) LONGS ACTIVE 📉📉📉 📉 Expecting bullish price action on EGLD as price makes the bullish bos shifting on it's way the structure from bearish into bullish. Price made the retracement move back into discount market area on the fibonacci + bullish orderblock area on 140$ price area. I think we will be bullish on the cryptos for the upcoming days.
What do you think ? Comment below..
Eagold and the right positionEagold and the right position
- komo's cloud is the future of green
- The price is in a good area compared to komo's cloud (thin and green cloud)
- After touching the lower edge of the Bollinger Band 7 times in the recent candle, the touch has not been done
- Two candlesticks before the hammer type at the end of a downward trend
- The price is on an uptrend channel
6 to 10% profit potential is available in Market Spot
Do not forget capital management
Do not forget to manage risk to Reward
EGLDUSD - Heavily Correlated to EthereumMany similarities are drawn in both charts
A large up channel, that so far hasn't broken
Two bottoms along this channel
Top points in relatively similar positions on both charts
A flat 200MA
This could be a sign that coins like EGLD are less correlated to BTC but more to ETH
EGLD cup and handlein my opinion egld so bullish because make a pattern cup and handle, now is prosses make candle, if break candle trendline it maybe will big pump.
entry, sl, tp up to you...
always manegment your money! thankyou
if you agree or not abaout my analysis please comment..
see you traders...
EGLD/USDT TA:22.3.31The EGLD has risen to the resistance level of 220 to 250 after a positive reaction to the bottom of the uptrend channel.
If this resistance is broken, it can grow up to 480-540, and if it is rejected from this area, it can test the channel floor again.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 31.Mar.22
⚠️(DYOR)
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Elliott Waves: EGLD Is In Higher Degree Wave IV CorrectionHello Crypto traders!
Today we will talk about cryptocurrency EGLD, its price action from technical point of view and wave structure from Elliott Wave perspective.
Looking at the weekly logarithmic scale chart, we can clearly see a completed five-wave cycle within higher degree wave III and with broken channel support line, EGLD could be now trading in wave IV correction.
Corrections are made by three waves A-B-C and ideally back to the former wave 4 swing low, so current recovery looks to be just a three-wave corrective rally in wave B before we will see another decline for wave C.
What we want to say is that in the short-term, EGLD can see more gains towards 250 -350, maybe even 400 area for that wave (C) of B, but later then watch out for another decline towards strong 50 support level before real bulls for a higher degree wave V show up.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Elrond (EGLD) Sell ZoneElrond (EGLD) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Short-term scalp, expecting a forming bearish pattern and breaking down the current zone.
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$EGLD/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 188 - 198.5
TP 1 : 185
TP 2 : 181.75
TP 3 : 178.8
TP 4 : 174.85
TP 5 : 171.1
TP 6 : 167
TP 7 : 161.25
TP 8 : 154
Stop Loss : 208.15
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ELROND LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ELROND(EGLD) after price made a failure swing low meaning near 130$ price area meaning the market strucutre has been shifted. We have a bullish BOS. I woudnt take LONGS trade from this area as we are not in a DISCOUNT market area yet. I will wait for the price to return to fill the bullish imbalances and reject the bullish orderblock on H4. And from there to go higher above 250$ - 300$ area.
What do you think ? Where we go next ?