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EGLDUSDT trade ideas

Elrond Bullish RSI Divergence Calls For at Least $10 RallyElrond (EGLD) has printed a bullish RSI divergence that supports more upside, at least until the next resistance around the $63 level is retested again. Additionally, Elrond is showing relative strength compared to the overall cryptocurrency market. These two technical factors combined offer a short-term bullish outlook for the Elrond price. Bullish RSI Divergence A strong bullish divergence between EGLD and the Relative Strength Index (RSI) oscillator was observed at the bottom of the current range near the $47 support level. The rally that emerged afterward doesn't seem to be running out of steam. Moreover, the price has developed the bullish RSI divergence in multiple time frames, indicating a potential bigger bounce. The path of least resistance is to the upside, as there are no clear resistance levels until the area between $63 and $65. EGLD Relative Strength Another divergence between the EGLD price and the Altcoin Index shows that Elrond is stronger than the overall crypto market. While EGLD's price broke above the mid-September high, printing a higher high, the Altcoin index continues to trade below its mid-September high. The divergence between EGLD and the Altcoin index may be just a short-term anomaly. Because we're still trading within a bearish cycle, this may be just a pullback, and sooner or later, EGLD could align back with the overall market direction.
by cryptohopper
1
EGLDUSDT 1D Currently, the price is in the range of important resistance. The first scenario is to have a price fluctuation between the range of 51/55 dollars. It is important to maintain the first support level of $51 and continue its positive trend.💹 If the price breaks from this range with a good volume, the stabilization above the range of $57 , we may see growth up to the resistance of $63. The second scenario is if the price corrects and breaks the 51 dollar range, we will see further correction to the important support range of $46 what do you think about it? 🙂
by mehrnaziji
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (51.34). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 56.83 TP2= @ 59.33 TP3= @ 62.51 TP4= @ 66.09 TP5= @ 69.42 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (51.34). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 56.83 TP2= @ 59.33 TP3= @ 62.51 TP4= @ 66.09 TP5= @ 69.42 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
EGLDUSDT Massive break above the 1D MA100.*** *** For this particular analysis on Elrond we are using the EGLDUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where EGLD broke above the Falling Wedge pattern that it has been trading in for a little less than 2 months. The most important development however is that today it broke above its 1D MA100 (green trend-line) for the first time since August 14. If the price manages to close the 1D candle above it, it will be the first time to do so since April 19! That would be on its own a massive bullish signal for the token as technically the next long-term target would be the 1D MA200 (orange trend-line), even though there are two Resistance levels involved (59.10 and 69.70) that shorter term traders can target. Be careful however of the 1D RSI entering the Resistance Zone that has been holding throughout the whole year. A rejection there should make you consider taking profits earlier. On the positive side, the 1D MACD is on a strong Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
EGLDUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for EGLDUSDT Here we have R2 and R1 as the resistance areas that represent the unsuccessful triumphs of the price to rise. S1 is our 4-hour support line and S2 is another support area in which the support of price at different points is clear. Thus, we have the price fluctuating above R1 and our expectation would be a rise up to R2 and then by being rejected to R1, another increase is waiting for the price upward. If the price reaches R1 and is not supported, it faces a decline toward S2. 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 - Will X Day Ignite a Bullrun? Not Financial Advice. I noticed that EGLD looks sorta similar to how Bitcoin looked when it was bottoming in 2018 - 2019 and it kind of aligns with the upcoming X Day event in 33 Days. Website: xday.com It seems like they may be announcing something big not exactly sure what it is about exactly but the video on the website looks interesting. Typically with these type of events or updates whales like to front run the market and start pumping it up before the big announcement/update. That is exactly what happened with ETHs 2.0 update. It had an initial drop and it had a slow grind downwards to retest the 0.236 Fib retracement level of the range. As long as we maintain above that 0.236 Fib level I don't see why it shouldn't start an uptrend. Recently XRP seems to have sparked its uptrend bringing some Altcoins with it like XLM and ALGO after it bounced off the 0.236 Fib retracement level in the range. XRP seems to be the market leader currently but it may be consolidating in this zone for awhile. I guess we will see what the future holds but EGLD is one of the best Cryptos in terms of tech and if you are interested in the details here is a link for more info. docs.elrond.com
Long
by OG-Hunter
2
Egld One to watch here as we are now breaking out of this falling wedge. We do want to see follow through over the next daily candle however holdinf above 48 is the first key sign A month ago howverr, BTC made a fallignwedge breakout, went sideways after the resitance break and dumped.. so our biggest thing we want to see is volume and momentum come in to show the market is agreeing with this idea. Longs are tough to grab up right now as the bears have been strong in all sectors
Long
by Erictaylor
5
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. EGLD/USDT short Entry Range: $47 - 49 Price Target 1: $42 Price Target 2: $39 Price Target 3: $30 Stop Loss: $56
Short
by BuySellMarketMaker