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"
EGLD another bullish wave ?EGLD / USDT
Price after recent bullish moves
Start to Consolidate in top forming a flag pattern
And turned previous resistance into support
As long as price hold new support in chart
and didn't close by daily candel below
there is a Potential new bullish wave
with new targets 15.55$ - 17.7$ - 20$
Note : this is not a buy signal from current price
Just reading chart for those still hold or bought a little below
Good luck and happy trading 🌹
$EGLD/USDT 1h (Binance Futures) Rising wedge breakdownElrond eGold is showing some reversal sign and could retrace further, let's give it a try.
Current Price= 13.363
Buy Entry= 13.346 - 13.666
Take Profit= 12.825 | 12.466 | 11.970
Stop Loss= 14.075
Risk/Reward= 1:1.2 | 1:1.83 | 1:2.7
Expected Profit= +10.08% | +14.40% | +22.74%
Possible Loss= -8.42%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h
EGLD/USDT (Trading at Resistance Zone)💎Technical Analysis Summary💎
BINANCE: EGLDUSDT
-EGLD is up over 140% from the daily swing low up to the recent top
-The price is currently trading at a strong resistance zone between 0.5 - 0.618 Fib
-There is no sign of Bearish rejection yet as the daily candle about to close in a few hours
-If we want to stay in the Bullish momentum, EGLD must hold within this resistance area for at least 3-7 days
-But if the Bulls failed, we might expect correction even down back to the 11-10 dollars
-Please always examine both sides of the market so you can set a proper risk to reward ratio
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EGLDUSDTEGLD has been in accumulation for some times now and it broke out with a sneaky pull back which should server as entry for those that missed the break out. It's obvious that it's ready to go on a long uptrend ride. RSI is very strong likewise MA 20 and MA 50 look good at the break out. In the light of this, there a staking coming up on elrond mainnet, believe me that will bring in more price spike and volume it needed for the up ride.
EGLD LONG TRADE 20201204Symbol: EGLDUSD , EGLDUSDTP, EGLDUSDT
Signal: Red -> Green
Context: Green
Trade closed manually: Closed when the above ribbons turns Yellow or Red.
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