Egldbtc
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 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!
💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004594).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.005145
TP2= @ 0.005704
TP3= @ 0.006075
TP4= @ 0.006497
TP5= @ 0.007000
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDBTC @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004594).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.005145
TP2= @ 0.005704
TP3= @ 0.006075
TP4= @ 0.006497
TP5= @ 0.007000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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. . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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EGLD to reach new highs within price channel based on MEX launchBINANCE:EGLDUSDT has been strengthening since it re-entered the longer term channel (shown). This is due to further development of the blockchain and partnerships. The upcoming Maiar Exchange (MEX) launch will have a significant impact on the utility of the Elrond blockchain (as seen by DEX implementations on other major blockchains). Once the ATH is breached, price discovery could easily propel price to the upper bound of the channel (price target), and possibly beyond.
CRYPTOCAP:EGLD
BINANCE:EGLDUSDT
BINANCE:EGLDBTC
[UPDATE EGLD] Consolidation confirmed until Aug until then PUMP.If Bitcoin follows my scenarios, EGLD could start the pump again in AUG 2021.
Great opportunity to accumulate:
Technical analysis:
- Crashed 80% from the all-time high
- Re-tested the 1,61 Fib (great support)
- Tested the macro ascending channel (great support)
- Super trend indicator in line with the previous cycles (great support)
- Bullbear trend and stochastic RSI on the weekly are at the minimum levels.
Fundamental analysis:
- Drop of the Maiar exchange and Mex are imminent and will go online in July.
- Community is growing daily
- Team super professioal
- Great tokenomics
EGLD is behaving like a mini BTC. I guess we could have decreasing returns for the next pump.
$EGLD, Willing to see continuation toward ~420k$EGLD
Printed a buy some days ago and since there strictly vertical..
Willing to see continuation toward ~420k(😏) or a retest/flip of the crossed level
In any case, if it follows bullishness across the market, aiming for YTD highs/ATH is not that crazy (~30%)
#EGLD
EGLDBTC D1: 150% gains best level TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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EGLDBTC D1: 150% gains best level TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: EGLDBTC D1 chart review
::: accumulation in progress now
::: updated/revised outlook
::: focus on buying pullback/dips
::: 150%+ gains still possible
::: EGLD will outperform BITCOIN
::: over next 1-2 months
::: BULLISH outlook / buy hold setup
::: up to 150% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +150% gains
::: details: see chart
::: FINAL TP is 150% gains
::: EGLD can pump 500%+ as well
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: PULBACK/RANGE
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
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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!
ETHUSDT Technical AnalysisEGLDUSDT
⏳ Spot
💎 EGLDUSDT has broken above the Symmetrical triangle with several large green candles. After the breakout it will go up again.
🏁 Medium & Long Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 146.00
☕️ TP1 172.00
🍺 TP2 183.50
🍻 TP3 194.00
🍾 TP4 219.00
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 135.50
Good Luck 🎲
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[UPDATE EGLD] CONFIRMED 500$ for the end of Oct? WOW EGLD!!Here we can see the inverse graph of EGDL.
What I can see in the immediate short term (10 days)?
- 115-120$ (multiple supports: 50-200 ema + support trendlines + fib level)
What I can see mid short term (2 months)
- 400-500$ (fib level + target of the mega triangle + resistance breakout target)
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.
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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Have a Profitable Day