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EGLD / TetherUS

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EGLDUSDT trade ideas

EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT In the current chart, R2 used to be a support area and R1 is the resistance line that contains the unsuccessful attempts of price to rise at various points. And S1 is our support line at the bottom. Therefore, the price is fluctuating below R1 and by reaching the mentioned line, we will have two possibilities. Either a rising or a falling trend. If we have some rising signs at this point, then we should wait for an increase. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time. 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
EGLD 27.50 must hold Bear Flag monthly target 12.00-19.50 Not financial advice. Moving forward 27.50 must hold and would be my first entry We lose 27.50 I'd spread a web of orders between 12-20.00 and hold for long term. So we have 2 concerning issues with EGLD here. First off you can see the head and shoulders monthly rejection that was a 83% difference from baseline to top of head. Applying that -83% that gives us a target of 12.00. The 2nd alarming pattern is the bear flag pattern which you can clearly see we are trading under currently 27.50 is the last line of support before we truly start just tanking into 12.00-20.00 range. This is where I'd look for entries if 27.50 dose t hold up. DYOR #PIK Patience is Key #TLAW Think Like a Whale
Short
by ThinkLikeaWhaleTLAW