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EGLD / TetherUS

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EGLDUSDT trade ideas

EGLDHEAD-AND-SHOULDERS PATTERN — Although occasionally an Inverted Head-and-Shoulders Pattern (called a Consolidation Head-and-Shoulders) will form, which is a Continuation Pattern, in its normal form, this pattern is one of the more common and more reliable of the Major Reversal Patterns. It consists of the following four elements (a Head-and-Shoulders Top will be described for illustration): (1) a rally which ends a more or less extensive advance on heavy volume, and which is then followed by a Minor Reaction on less volume; this is the left shoulder; (2) another high-volume advance which exceeds the high of the left shoulder, followed by another low-volume reaction which takes prices down to near the bottom of the preceding reaction, and below the top of the left shoulder high; this is the head; (3) a third rally, but on decidedly less volume than accompanied either of the first two advances, and which fails to exceed the high established on the head; this is the right shoulder; and (4) a decline through a line drawn across the proceeding two reaction lows (the neckline), and a close below that line equivalent to 3% of the stock’s market price. This is the confirmation of the breakout. A Head-and-Shoulders Bottom, or any other combination Headand-Shoulders Pattern, contains the same four elements. The main difference between a Top Formation and a Bottom Formation is in the volume patterns. The breakout in a Top can be on low volume. The breakout in a Bottom must show a “conspicuous burst of activity.” Minimum Measuring Formula: add the distance between the head and neckline to the breakout point. LEVERAGE: X5 Join my team
Long
by ByteMEME
EGLD/USDT Still Room To DropGood morning guys ✌️ Next one on our watchlist is EGLD/USDT pair. After that breakdown we are just hanging in the air so price needs to reach some sort of zone where it can put up some legs and stay for a correctional turnover. Waiting and looking forward for some movement here! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
EGLD/USDT Technical Analysis and Price PredictionTechnical Analysis of EGLD/USDT: EGLD is currently trading at $41, which is 93% down from its all-time high. Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated. In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value. I remain bullish on EGLD only if it surpasses the $52 level. In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish. The critical levels to watch for are $27 for support and $52 for resistance. If you appreciate my analysis, please like and share it. To stay up to date on the latest crypto real-time updates, be sure to follow me. Thank you.
Short
by CryptoPatel
3
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT There is R2 on the top of the chart which is a resistance area and it represents the unsuccessful triumphs of the price to rise at several points. R1 used to be a support area. And as you see, S1 is our support area with their well support of price for various points. Hence, we observe the fluctuation of price below R1 due to being rejection by the mentioned area. Our expectation would include another rise to reach R1 and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts. Therefore, R1 is considered a good point for saving profits then. But it is so probable that the price loses the support at R1 and more decline would happen toward S1. Do not forget to consider the market situation in lower time frames and then decide what to do; based on the multiple pieces of information which you would obtain from our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
4
Shortterm targetsThere is a descending resistance line on the weekly. Descending resistance pretty much always breaks to the upside. $63,87 -> Should be the easiest to break. You can take small profits here but honestly, it would be a waste. Personally think we will break through this, but it still a heavy point of resistance on EGLD. Thats why im mentioning it. $74,34 -> A great take profit target if you still believe we're in a bearmarket. $85,62 -> The best tp level for a scalp. Not extremely high, especially for this great project. Obvious disclaimer but still disclaiming; these are shortterm targets. I personally believe the potential of this coin in the longterm is much higher.
Long
by UnknownUnicorn13174409
1
EGLD: Resistance BreakoutElrond (EGLD) technical analysis: Trade setup : Price broke back above $50 resistance and 200-day moving average, making Higher Highs, which are all indications of Uptrend. Price could revisit $60 next. Recent strength comes after its partnership announcement with Tencent (owner of WeChat). Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $40 (previous resistance), then $32. The nearest Resistance Zone is $50, which it broke, then $60.
Long
by altFINS