EGLD
Can EGLD create a New ATH soon?Hi every one
EGLD / TETHERUS
EGLD has formed an Ascending Triangle which has not been Broken yet! the Price still has a chance to range in this Pattern. The Price can Do a break out soon and when It happens, EGLD can Increase as much as the measured Price movement.(AB=CD) if it happens, we will see EGLD at 340$ which is a new ATH for EGLD.
summery:
-EGLD is in a Bullish pattern( Ascending Triangle)
-No break out yet!
-It's Gonna Increase as much as the measured Price movement (AB=CD)
-Creating a New ATH is possible Right now!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.2)In this first video, I'm going to show you why we are 100% in a bull market and why we could go for a multi-year bull market with multiple bearish months in the middle.
It's easy:
- look at the overall structure of the dollar index chart
- look at the monthly indicators
A weaker dollar = a stronger crypto right?
Well, what if...
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.1)In this first video, I'm going to show you why we are 100% in a bull market and why altcoins are going parabolic in October and maybe early november.
It's easy:
- look at the overall structure of the charts
- look at the moving and exponential moving averages daily crossing
- look at the weekly charts
Also, I'm speaking about a new scenario when it comes to the bull market which I called "the DOLLAR scenario". It will be discussed in Pt.2
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
🔥 EGLD Bullish Channel Continued: P2Around a week ago I made an analysis on EGLD. I argued that there was a decent chance for the price to follow the bullish channel in the near future.
In the end, the price needed one more re-test of the channel's support line to confirm the trend.
As it stands now, a bullish reversal is in place, and we're looking at a decent upside move. First, the $255 resistance has to be broken, which I think won't take much longer. Main target of the current move is $300, the current ATH.
Happy trading!
🆓Elrond (EGLD) Oct-1 #EGLD $EGLDEGLD is very strong and it could approach the 260$ and 300$ zones in next days. But if it loses 220$ zone again, it will fall down to 180$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 220$ zone
🔴Buy : 220$
🔴Sell : 260$ - 300$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 220$ zone
🔵Sell : 220$
🔵Buy : 180$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
SOL On WatchlistI am very interested in this SOL 1 Hour chart. The 4 x bounce off resistance trendline and the tightening of the wedge is really suggesting to me we 'could' see a break out on the horizon, we have seen that SOL can decouple from BTC and this is ready to pop either to the upside or to break out to the upside in a big way. Now if BTC dumps completely this will all be wiped out, but if we continue as it has the past week, SOL may make a move. Looking at confirmations and closed candle above resistance trendline but I am definitely keeping an eye on it for a decent swing position
EGLD will break out soon!Here's a quick Look at EGLD 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 256$
2. 278$
3. 300$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC UpdateHere is my current analysis of BTC. Currently in a descending channel which possibly see a retest of resistance trendline this week, another rejection I see new lows and looking for support at the $37,700 support level. However with a increase in volume and a break of this resistance could see the confirmation of the trend reversl we are looking for to set sights on new ATH next month, starting with a confirmation of resistance break above $52,000. At present there are no key indicators to lean either way until the resistance trendline is tested.