EGLD/BTC buy opportunityHi followers,
BINANCE:EGLDBTC breaking out above resistance area, confirming up trend continuation with already formed 2 higher lows.
Higher highs expected.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
EGLD
EGLD/USDT Road to ?Voici ce que je pense concernant BINANCE:EGLDUSDT .
TP Long therme à 1338$ dans la zone entre 833$ (2.618) et 1726$ (3.618) pour ensuite avoir un retracement au niveau des 4.618 (568$) de l'ancien cercle fibonacci.
Attention sur ce bull run crypto car les cycles pourraient s'essouffler donc gardez une infime partie de vos positions.
Et vous que pensez-vous ?
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Here is what I think regarding BINANCE:EGLDUSDT .
TP Long therme at $ 1338 in the area between $ 833 (2.618) and $ 1726 (3.618) to then have a retracement at the level of 4.618 ($ 568) of the old fibonacci circle.
Be careful on this crypto bull run because the cycles could run out of steam so keep a tiny part of your positions.
And you what do you think?
Trading Signal For EGLDUSDT Trading Signal:
A Trading Signal is seen in the EGLDUSDT
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 146.30
⭕️SL Close below 135.45
🔵TP1 @ 172.00
🔵TP2 @ 194.85
🔵TP3 @ 219.05
#Pullback_Strategy
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EGLD On The Median Line !The trend line has been broken on the EGLD chart already. Now it is on the median line of the pitchfork. Also, it is supporting by the daily MA200 at the same point. Here can be a good entry for the first step. The broken line and the EMA 200 are our next support. So we can buy there for the second step.
Are we at a high for EGLD?Hey all, here is a quick analysis on EGLD / Elrond I'm looking into for a friend (Hi Johnny!). The descending wedge has broken on this daily chart indicating a (confirmed) move upward. We've been climbing consistently ever since the breakout however daily MACD indicates bulls are loosing control and we'll soon experience bearish price action. RSI indicator is overbought, this could indicate a short term reversal in price action on the daily scale. I would expect a dip in price over the next several days. Prices will still likely trace the macro crypto currency environment to some degree but this asset is likely to loose some traction when compared to other similar chains such as Stellar, Solana, and Cardano. Its not clear how far along they are on their development roadmap, but they have source code right on their home page which is a big plus in my book. This asset could surprise you but will have difficulty keeping up with other similar assets that have already taken over a large portion of the market share.
Over the last few days the price seems to have reached a top and is showing signs of a reversal already. This is contrary to the fact the 200 day MA is sloping up to (hopefully) intersect the 50 day moving average. This "golden cross" would be a highly bullish signal indicating we are only roughly half way through this move upwards. EGLD or Elrond has a market cap of $2.7 million and ranks #48 in terms of overall market cap. If I were holding a large amount I would want to know more about the dev team, how many projects the chain has, and how mature it really is. Does it work, or is it just vaporware wrapped in an ERC20 token? It's hard to tell sometimes.... when in doubt though, follow the money. coinmarketcap.com is a great way to see which assets in the space are receiving the most attention.
Best wishes and happy trading!
p.s. I am not a financial advisor and do not give financial advice.
🔥 EGLD Bullish Price Action: UpdateOver two weeks ago I made an analysis on the inverse head & shoulders pattern that I spotted on the EGLD chart.
In today's analysis, I'd like to discuss the upcoming potential moves from this coin. With BTC currently trading sideways, it's to be expected that EGLD will follow this pattern. I've marked the area between $120 and $150 as the most likely area where this sideways movement will occur since it's between big supports and resistances.
On the other hand, a break-out above $150, combined with an upward move from BTC could lead to a new bullish push towards $200, which is also the first main resistance the price will encounter in the near future.
Happy trading!
EGLDUSDT After the Breakout Will Go Up
Welcome back Traders, Investors, and Community!
EGLDUSDT On H12 has been making HHs and HLs. After the breakout it will continue to go up. It needs to get out of the Triangle
⬆️Buy now or Buy at 117.86
⭕️SL @ 92.59
✅TP1 @ 164
✅TP2 @ 200
✅TP3 @ 240
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EGLDUSDT🌟this alt is in a great shape due to price action and its forming a complete clean correction to the trend line which it broke earlier that's why we put the entry point lower than the current price
🌟a reasonable portion of basket should go for these assets while they are showing us strong signals of rising
🌟in lower time frames you can also see an ascending channel where the chart currently is heading for its middle line as correction then goes for more values
👉This idea has the confirmation of "advanced price action" 👍
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$EGLDUSDT UPDATE!!!Hi Traders,
$EGLD prices have seen some insane gains recently, looking extremely bullish with plenty of space to continue pushing into. Theres two order blocks to act a as support for prices to then push higher, if they fail to act as support then expect a correction down tot the 50MA to occur.
Thanks
MS
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