EGLD getting closer to breakoutEGLD getting closer to a breakout
Almost 2 month long base
Making Lower highs for sometime now
Egldusd
EGLD/USDT analysis in time frame 4hThe price was able to cross the triangle formed in the 4-hour time frame and get out of the triangle ceiling.
Now I'm waiting for a pullback.
In my opinion, the price can be supported at two specific points and climb to its historical ceiling.
The lower support range is more powerful.
I myself will wait for the stochRSI 14 to reach the floor range and then buy within the specified ranges.
EGLD: target 1250$ (0.886 FIB LEVEL)In my previous idea about schiff pitchforks i estimated 1150$ using FIB retracements.
This idea uses FIB extensions in logarithmic fashion, as well as axis. In this way, no more 6.618 madness shows there.
I added 0.886 which represents the price level derived from the golden ratio (0.618 x 0.618=0.786, 0.786 x 0.786 = 0.886). You can see that was the target in the previous run... right?
Between 30 Nov and Feb 2022 is my bet.
Let me know what you think, now that MAIAR DEX is about to happen.
#ELROND #EGLD DAILY ANALYSIS#ELROND #EGLD DAILY ANALYSIS
Considering the channels drawn for EFLD as well as the use of Andrew's pitchfork, one can expect price growth. Two entry strategies are suggested. One step entry from the current price to $ 184 with a stoploss of $ 150 and the other entry in case of resistance breakdown of $ 270 with a loss limit stabilized below the last price floor created before 270.
TARGETS:
1- 440$
2- 520$
3- 630$
TIME: 1-3 M
$EGLD MISSION10 Repeat patternThere's a high chance Elrond's EGLD will repeat the same pattern as beginning of 2021. If so, then we would see an uptrend of approximately 70% towards the $423 mark in the next few weeks. With upcoming news towards their Maiar DEX launch and LaunchPad this year, chances are high Elrond is currently loading up for a big leg up.
EGLD 50% Move to Upside Real PossibilityHi Folks,
We are seeing a potential descending triangle on EGLD/BTC chart. If it breaks to the upside, I expect a HUGE move to the upside.
However, there is a possibility of a strong BTC upside continuation, hence the triangle could break downwards.
Not too worried about the Death Cross on the 4hourly, it can quickly turn into a Golden Cross
Before entering any trades, watch for confirmation of break towards either upside or downside. This is not financial advice.
Egldusdt analysisOn 4hr time frame egldusdt pair breakout from the big triangle the breakout is also hanpped on daily time frame.
Now the technical target of egldusdt pair is 380 dollar the 2nd co formation about the target is fib extension also at 380 usd 3rd confirmation is bul flag framed on 4hr time frame thats target also is 380 usdt.
There we have 3 confirmation about the target
1-Triangle breakout target 380
2-bullflag breakout target 380
3-fib target 380
Now the question is when to enter i to trade
Enter on retest ( 254, 258 )
First target: 272 dollar (25% profit booking)
2nd target: 384 dollar (25% profit booking)
3rd target: 310 dollar (25% profit booking)
4th target: 380 dollar (25% profit booking)
Stoploss: 220 dollar level
Tarde with low leverage or buy on spot only 🤩
Can EGLD create a New ATH soon?Hi every one
EGLD / TETHERUS
EGLD has formed an Ascending Triangle which has not been Broken yet! the Price still has a chance to range in this Pattern. The Price can Do a break out soon and when It happens, EGLD can Increase as much as the measured Price movement.(AB=CD) if it happens, we will see EGLD at 340$ 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 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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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Elrond is in WXYZYZ 2 flat in a row ?Hi everyone,
on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April.
I can see this probable scenario now on Elrond, the reasons are :
1- 2 Flat ABC in a row
2- 2 spinning top in a row at the 0.764
3- Impulse down impossible from my X point
Now possible retracement target i see are inside the green rectangles. But Elrond can rise to the 0.85 from here.
Best to you..
Smart Money LONG | EGLDUSDLooking at this coin in particular if you are a crypto trader
Look to buy at 1 of these 2 levels to get the best potential price
Will EGLD break above 300$ again?!Here's a quick look at EGLD 1 hr chart. As we can see, the price has printed a bigger rising channel and is currently at the bottom the channel. This could be a good buy area, but we should be very careful of what BTC does next.
The best entry would be, when the price breaks above the Resistance line with good amount of volume .
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The idea is: Buy the breakout from the resistance line and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 288$
2. 300$
3. 324$
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!