EGLD
🔥 EGDL Bullish Triangle ContinuationWith BTC being very bullish in the near term, alts are picking up speed after a minor dip yesterday evening.
One of the alts I'm watching today is EGLD. This token in well on its way of forming a bullish triangle pattern. It's currently reversing from the bottom support, as well as on the verge of breaking out of a minor bullish channel.
Keep an eye on this one.
Happy trading!
Watch the EGLDUSDT flightIn half an hour time frame
The price can start its upward trend after dealing with 149.50 and 150.50
Targets can be 167.65-176.25-181.56-246.00-500.00 in order of prices.
Also, the fundamental of this Quinn is excellent.
elrond com
In this analysis of fib retracement and fib channel
If this area is broken, this analysis is canceled
Keep an Eye on EGLD guys I think it could blow any min!if EGLD does What I think it's about to do we're going to potentially see some very nice gains! On the daily chart we can see the Mac D curling up , along with EWO , already checked the 30 , hourly , and 4h charts. All look bullish to me. Good Luck, cheers!
$EGLD - ape if closes through 195Basically we made a high on parabolic run
this became resistance and was deviated in a 'fake-out'
ranging continued since and it closes thorugh the resistance it is likely to continue to pump af
Could DCA here betting on continuation to range highs and then to targets if it breaks
I haven't as BTC isn't out of the woods yet and it continues lower then this will too
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (161.95).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 175.10
TP2= @ 204.85
TP3= @ 244.50
TP4= @ 283.75
TP5= @ 373.20
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (161.95).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 43.
Take Profits:
TP1= @ 175.10
TP2= @ 204.85
TP3= @ 244.50
TP4= @ 283.75
TP5= @ 373.20
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Potential Head & Shoulder FormationI'm pretty new to this but it looks like we have a head and shoulders formation for EGLD. With this formation we want to watch the neckline closely, and if it breaks to the downside I used the red line to predict a potential bottom to the ensuing downtrend. As you can see, this target also coincides with a previous support level as well so it makes sense. Love the EGLD project though so let's pump this thing and break out of this pattern! :)
EGLD up to $300EGLD has been trading in the same channel since February. Good new for us is that this is an ascending channel. Additionally we have testing the middle of the channel multiple times over the last three months and each time we have been rejected. This is not that big of a deal since a move back to the middle of the channel from our current price is a 60% increase in ELGD's price.
Other bullish signals include the MACD crossing the signal line, as well as the fact that the price has stayed over the 50 day MA for the last week. I would however like to see more volume.
A stop loss would be if EGLD closes the day under the channel
Have fun, trade at your own risk.