Broadening Bottom about to break for Elrond egldWell, this is pretty much it.
Have a look here around for an explanation of what a broadening bottom is and tell me if you don't see the same...Just wait for the breakout.
Egldusdt
EGLD/BTC (Testing Important Support)💎Technical Analysis Summary💎
BINANCE: EGLDBTC
-EGLD is back from its previous minor consolidation last June 2020
-This is crucial, because if this level of support failed
-The next potential support below is somewhere around 300s sat
-That is quite a heavy downward move if it happens
-The Altcoin market is too Bearish as of this moment
-So buying at key support is still high-risk
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$EGLD breakout incoming?I expect $EGLD to break out in the next few days. This pattern has historically proven to apply on $ERD and recently on $EGLD as well. My money says we're going to the upside.
EGLD broke trendline resistanceEGLD broke trendline resistance
And did a nice bounce
If we looking for a good buy zone.
I suggest wait for retracment for last resistance /new support now
Will be between
9.00$ - 8.16$
With stop daily close below 7.998$
Sell zone
10.6$
12$
eGLD/USDT - h4 update (IMPORTANT LEVELS)Hello folks! We have a really cool chart on eGLD/USDT and I fully recommend you to watch it closely for the coming days. The white descending channel has it's support at ATH candle close and it's resistance at it's peak (not exactly "ATH" - I chose the second candle on daily because the first one is the actual one that made an ATH and it's kinda irrelevant because price has an extreme low and high levels, so just ignore it). Currently, the price is sideways and it's just between 2 areas: if it breaks up $7.8, we're going first to $8.2 (38.2 fib retracement level - if this one is broke as well, then we're heading to $9.3 AND we've already changed the trend into a bullish one (because we are breaking the resistance from the descending white channel - which is important)). If we break down $7.2, we'll soon see $6.6 (if this one is broke, we are going to test the 61.8 fib extension level ($5,5)). Keep in touch and stay safe!
This is not financial advice!
Diversity your portofolio!
EGLD/BTC (Awaiting Breakout Direction)💎Technical Analysis Summary💎
BINANCE: EGLDBTC
-EGLD is on a strong downtrend
-The price is currently trading in a ranging channel
-It will either break to the upside or downside
-So to protect your self from the wrong direction
-Waiting for the breakout direction is the is the best option
-If the market breaks to the upside above the channel box
-That is good confirmation to enter a Buy position
-Target is up to 900 sats or higher
-But if the market breaks lower below the channel
-That would be a good selling position
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Thank You All!🙏😊💖For Supporting My Channel 📺
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EGLD: scalp long ? It seems it's touching again the support. Very good place for a bounce. 3 to 5%.
I wait for a pattern, And I may try this scalp
EGLDUSDT AnalysisThis is a new coin on the USDT chart, so not much to say for now. I will come back and reevaluate in a few weeks or even a month.
However, if we use support and resistance strategy, we can decide to buy EGLDUSDT at the 8.688 support level and then sell it for a profit at the 17.620 resistance level.
That's all for now.
EGLD/USDT h1 updateHello folks! Close above $10.3 on h1 chart and we're heading towards $10.7. Also, there is an important resistance at $10.5 that has to be retested when broke, so take care. The 'long' (it's h1 chart) price prediction is around $12, where a resistance area is waiting for. Keep in touch.
This is not financial advice!
@TradeWithBravo
EGLD/USDTHello folks! Few hours ago I have posted a bearish view about EGLD chart. I'm going to flip the side now and offer a bullish case (I think we are going to invalidate the previous one - rlly don't want to mislead you guys, but as a trader you have to change your mind so many times and it's not that I didn't see that C&H pattern, but because I was so confident in my bearish view that I almost ignored this one - sorry, again). So here we have a C&H on 1h: clean break up above $10.15 will confirm the pattern and the target is around $12. Keep in touch.
This is not financial advice!
@TradeWithBravo
EGLD/USDTHello folks! Unfortunately, with the entire Elrond team huge efforts, I think it's berish period isn't over (yet). So, on weekly, we need a break up of $10.7 for a trend reversal. On daily, the same move above $10.7 resistance, will place us into a sideways range ($10.7 - $12.3). Finally, on h4 if we want to revisit that attempt to break up the $10.7 resistance, we should break up first the $10.1 area. Even so, don't forget to watch closely the entire market sentiment and stay safe. I'll come back with updates!
This is not financial advice!
@TradeWithBravo
its about to happen egldbnb EGLD USDT BNB USDBbitfinex launching egld in less than 1 hour. lets see. :)
