Egldusdt
✳️EGLD/USDT Analysis (7/11) #EGLD $EGLDEGLD, after breaking out of the Round Bottom pattern, has risen sharply and the target of this pattern is at 23-24$
The nearest support area that we can consider buying is the 16-17$ zone, if EGLD loses this zone, EGLD will fall into a downtrend and will dump hard in this December.
📈BUY
-Buy: 16-17$ if A.SL if B
📉SELL
-Sell: 23-24$$ if B.SL if A
♻️BACK-UP
-Sell: 16-17$ if B.SL if A
-Buy: 12.5-13.5$ if A.SL if B
-Sell: 12.5-13.5$ if B.SL if A
-Buy: 8.5-9.5$ if A.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Elrond 12h. Exchange of 1000 ERD for 1 eGLD and a new chartIn 2019, the Elrond project was launched as a result of IEO under the patronage of Binance, although then the IEO hype (like ICO) could not stay afloat for a long time.
In early September, the Elrond Mainnet token swap began.
As a result of the denomination, 1000 ERD is changed to 1 eGLD.
At the time of the swap launch, the cost of 1ERD was nearly $0.026-0.027 , that is, taking into account the denomination $26-27.
Then 3 months there was a formation of a U similar pattern with a bottom $6.
Now the price is approaching again to the level of $27.4 and there is a very high chance of starting a correction to the range $15-16.
Above there are two more levels of $31.30 and $34.85 and we highly doubt that the price will go higher without a major correction.
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✳️EGLD/USDT (7/11) #EGLD $EGLD #EGLDUSDTEGLD is in strong buying pressure and has also broken through the resistance zone at 8$, and the heading target is the 10$ zone. There will be a significant selling force that could cause the EDLD to return to the 8$ zone and then rise sharply to break the 10$ zone to move up to the 14$ zone
📈BUY- LONG Strategy
- Buy close to 7.5-8$, stoploss if B
📉SELL-SHORT Strategy
- Sell close to 10-10.5$ if B, stoploss if A
- Sell close to 14-14.5$ if B, stoploss if A
♻️BACK-UP Plan
- Sell close to 7.5-8$ if B, stoploss if A
- Buy close to 5-5.5$ if A, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"