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Egldusdt

Potential Bullflag for Elrond EGLD to 264$EGLD is printing a Bull Flag right now, the question is ... is it a fakeout? We have to keep in mind that Bulls are still in control on the daily, Weekly, Monthly etc... Potential targets of this bullflag is 263-264$ and can push to 271$.. even 277$. Let's see how this play out. To breakout we need to go over all those resistances -4 hour chart MA21 at 176.75$ -6 hour chart MA21 at 176.80$ -12 hour chart MA9 at 177.566$. -2 hour chart MA50 at 179.89$ -0.236 fibonnaci at 176.553$ Keep in mind that this bull flag can turn in a triangle, if you want to try the swing.. get in after a confirmation over 180-181$... let them go over first.. and buy the retest of 180$ 177$. Always play with good Risk Management... Another way to play it is to wait the confirmation over the last ATH at 217$, after 217$ will be confirmed new support your good to 264$ (more than 20% gain). One thing to note is that.. if we don't go lower short term and want to go directly in W5... 272.367$ is the 261.8% fib... which would match with the destination of this bullflag. Best to you my friends. Let me know what you think and what you see.
ELong
by Crypto_Mercy
3
EGLD - KEEP AN EYE AT BTC!!!We need a steady BTC for a EGLD relaunch, I mean not a volatile one with no more than 5% ups and downs. I think everything in all the market now, as always is depending on BTC movements. Everybody keeps silent when the fat lady sings! I believe we are consolidating here. We could see ample movements and retracing after going up, don't forget, BTC is near ATH and EGLD/BTC bouncing between ATH and the previous ATH. I use Phoenix Ascending indicator to see trend changes. If you intend to use it, don't forget to check more timeframes to see the whole picture. This is the picture is my personal opinion, not a financial advice. Take care! Cheers!
by Bogdan_TOMOIAGA
2
EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - EGLDUSDT was printing a falling wedge pattern. - That was a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price then retraced for a retest of the falling wedge's resistance and 0.618 fibonacci retracement level. - The retracement is resisted by the descending trendline resistance. - Possible uptrend continuation. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the descending trendline resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh