Egldusdt
Elrond EGLD 2 Rising Wedges 98.40$Hello everyone,
We are still in the Rising wedge inside another Rising Wedge and the price is going up and the Volume is decreasing afected by the compression. It can be interpreted has a bear Flag too.
For me this is a Bull TRAP. The 0.85% is the Ultimate fib in a bearish Zig Zag which is 221.70$.
The pole of the bear flag bring me to the Golden pocket and the pole of the small rising wedge can only be apply at the breakdown point.
When the drop will happen those are my current top entries :
1-Golden fib is at 98.40$ and the pole of the bear flag
2-The Weekly MA21 is at 119.12$.
3-Support shoulder and 0.726 at 74.51$
4-Support Shoulder and 0.85 at 44.09$
Have a wonderful day
EGLDUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has broken its resistance line and is starting to move upwards. We intend to be able to touch its targets over time.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
EGLD we can see new high with the break of supply level TP 328$ Can't see any opportunity to buy this crypto now but with the break of supply level we can take buy in :
Entry : 253.7
SL : 211
TP : 328
Risk : 17%
Profit : 29%
Elrond EGLD Rising Wedge bearishThe Rising Wedge has been confirmed April 18th for Elrond and volume is going down which is usually no a good sign.. The lower line of the wedge is support and the top
red line is resistance inside the Wedge.
As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.
To confirm a wedge you need those ingredients :
1-At least 2 touch on the upper line and touch on the lower line (support)
2-Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation. It's the result of the contraction.
Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. It is sometimes prudent to wait for a break of the previous reaction low. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
[UPDATE EGLD] EGLD TO 650$ BEFORE MID JUNE!ELROND IS ON FIRE BUT STILL UNDERVALUED, TECHNICALLY AND FUNDAMENTALLY.
- CRAZY TECH UPDATES
- SUPER BULLISH TECHNICAL INDICATORS
650$ IS THE NEXT STOP!
EGLD bull scenario 04th of May 2021Hi guys,
Egld broke up from the descending channel as we thought it would last week accounting on the bullish div spotted previously.
targets a re shown on chart, we expect a re-visit to the 225$ levels if it can maintain the volume and BTC doesn't ruin the party.
Trade safely guys, this is not financial advice.
El Rondo! (EGLD)Elrond seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 297 and even higher. So EGLD , just show us some love!💕
ENTRY : local high @ 188
SL : local low @ 169
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 297
RRR : 6
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
[35%] EGLD / USDTAnalysis :
- Above EMA 20/50/100, the Kumo, Tenkan, Kijun
- Still in the canal
- Break the bear trend
- MACD close to be bullish
- Target : 246$
- Risk/Reward Ratio : 5.26
EGLDUSDT : Next Targets for BULL MarketStrong Resistance : $198
Targets (After Break Resistance) :
1. $251
2. $301
3. $349
Elrond EGLD to 24.78$ is that possible scenario ° Rising Wedge °Ok i know a lot of people will not like this but i just want to share with you what i see on the logarithmic chart...It's just a scenario don't Panic... don't really like this Bart Simpson Head now... We all so have the bullish scenario with the cup & Handle.. but this can happen if Bitcoin is crashing... The eGOLD is forming a Rising Wedge for now.. The pole is bringing de eGOLD to the Golden Fibonnacci on the logarithmic 0.618 around 24.78$.
If i don't use the log mode the pole with is briinging the eGOLD around 0.9 or 0.85 it depend where the breakdown point will be.…which mean this would be a strong wave 2. Nothing sure yet but if the roof of the wedge is breaking.. be careful.. Take precaution.
Have a wonderful day.
Can EGLD/USDT reach 320$?EGLD/USDT It has good growth potential !!
It seems EGLD/USDT is trying to form a Cup and handle pattern! as you Can see the Cup has been formed but the handle has yet to Complete after the Completion of the handle we Can expect the price to increase as much as the measured price movement! do you think that EGLD Can reach around 320$ or not?
Our more recent analysis of EGLD /USDT :
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
EVE & ADAM and a Triangle for EGLDAS you see in the chart we have to pattern for EGLD. When we get confirmation of MACD we ca enter this trade.
Look after this pair to see what will be happened next.
EGLD trading scenario 26th of April 2021Hi guys,
I see a nice V shaped recovery for EGLD from the median line of the descending parallel chanel.
Bull : break outside upward and retest follow by a nice green candle to overcome the 175$ area.
Bear : come back to retest the median and break to the downside (expecting a visit to the 110$ area soon)
RSI - almost overbought, Volume : low
Trade safely guys, this is not financial advice.
EGLD - Buy Sell SetupMultiple Buy-Sell Setup (EGLD/USDT)
Symbol details:
B = Buy
S = Sell
B/S = If resistance breaks out, Buy. Otherwise Sell.
Buy Order: CMP
TP: 270
DYOR before investing.
A like and follow is always appreciated.
Thank you❤️
EGLDUSDT: Analysis#EGLD/USDT
Spot (Midterm)
Investment Recommendation
————————————
Entry Range : 150 - 130 - 120 - 110
Exit Points : 250 - 330 - 510 - 680 - 800
Stop Loss : No Need
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⚠️ Risk Level : 5/10
💲 3 - 5 % Of Total Assets
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EGLD ELROND Cup & Handle to 335$i still see this Cup& Handle pattern which can bring us to 335$ and pure correlation with 161.8% of fibonnaci.
What to watch.
-Daily MA21 at 193$ (resistance)
-ema Ribbon on 4 hour (resistance)
When to get in..
-Wait for a confirmation of the breakout over the trendline or if you want to buy earlier wait for a candle close over the daily MA21.
Best to you, leave me a comment, are you Bullish or bearish short term on Elrond?
