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EGLD / TetherUS

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EGLDUSDT trade ideas

Long EGLD EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost. Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators. Breaking volume is two time bigger than the average. OBV broke its trendline and reverses. MFI broke also its trendline and reverses. CMF rose from negative to positive values and this indicates buy pressure is back. A referenced TPs (blue lines) and SL (red one) are in chart. Al the best!
Long
by evasivesteering
4
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT Currently, we have R2 and R1 as our resistance areas which both include the disability of the price in order to rise. S1 used to be a resistance line and S2 is our support area with its support of price at different points. Therefore, we have the fluctuation of price below R1 and we predict two options here. If we receive some confirmation candles to rise, there will be an increase for the price up to R2. But in case the price gives us some falling signs, we will have a decline for it toward S1 or even S2. The point is to activate your stop-loss points in order to have less risky trades. 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/USDT 1D (ELLIOT'S WAVE ANALYSIS & BEARISH DIVERGENCE)There are two scenarios. 1 - by Elliot. MA147 is as good support. 3rd and 5th waves would say will finish just below MA200 resistance, that gives good perspective. RSI is going for a third attempt to cross the trend resistance line as well, Aroon after falling stays straight. Stoch above 80, means possible move downward. Macd just broke up Bearish neck, good sign for grow. 2 - ABCDE movement inside of bearish wedge and down to previous local lowest price. Bearish volume divergence.
by WoWAcEDuDe
EGLD new wave?From a technical point of view, if most of the coins are on the chart at point A and falling down, then EGLD has started to go in front of the market, has passed through the 50th and 100th MA and trying to hold above them, which is already a positive sign. We would wait for more consolidation with going up and potential targets of $59, $68, this scenario is relevant as long as we are above the 50 MA. EGLD is the native coin of the Elrond blockchain, used to pay on-chain fees, staking, and reward network validators. The Elrond project itself is not only a smart blockchain, but also a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. In a sense, the project token will correlate with the successful development of the project. The entire ecosystem still has development potential, a significant number of projects can still be released in this network through its own launchpad with the support of Morningstar Ventures as one of the main investors in the project.
Long
by razumcapital