Egld | ew | potential movementA potential price movement for ellrond , watch the 53$ price for a reaction , we can have another leg up to arround 67$ .
EGLDUSDT trade ideas
EGLD/USDT Elliott Wave CountEgold can go up correctivly
After finishing an expended flat correction now
I think we are into an x wave that is also a complex correction.
It can go down one more leg to test the bottom of the channel
I remain bearish on egold
Egld Failing to hold above 64 area and seems to have rejected. Main support is 57. We could end up ranged on top of that W pattern with the. Neckline 57 but if we lose 57 and flip to reistance the bearish trend can contiue. We still haven’t made a new higher high yet so this is still in a downtrend even with most recent bullish prices
EGLD/USDT Elliott Wave CountI think that 4th wave is complete for Egold
I will present you the count of this 4th wave that started from 13 june 2022 and I think this is the best interpretion for now!
4th wave pattern is an expanded flat correction composed from:
Wave A: an expanded flat
Wave B: another expanded flat
Wave C: Impulse 12345 with a truncated 5th wave, verry important thing because is show us that the price is under the sales presure for starting the 5th wave down.
So, I expect massive price drops with an impulse to complete a 5th wave of a bigger impulse to the downside.
I will update this count so if you like it subscribe and press thumb up!
Egld Let’s see a nice 4 hour candle body closing above 64-64.30. Support at 60.55 is holding up which was breakout of previous consildation on top of W reversal pattern. Breakout of downtrendinf resiatnce. This is looking to be setting up for a monster move. If bull pennant is forming here we are targeting upwards of 75-80$ to start.
EGLD/USDT HELLO GUYS THIS MY IDEA ABOUT EGLD Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
REBENGA TURTLE TRADER
egld | ew | price targets 2 targets for egld at 66.5 and 71. a wxy and abc corection on most alts , doing what btc is doing
Egld After confirming the W-neckline as new support EGLD has now broken out of the consolidation it’s it’s been in with this potential symmetrical triangle or bullpennant it that we have now formed on top of the neck line. This is looking extremely bullish from a daily perspective and I am targeting upwards of $75 to retest some previous support. Holding above 60.30 It’s going to be an extremely bullish sign and I am Wong from $45 and I ended up adding just about a half an hour ago in the $59,40 range and may add on a following pull back to potentially retest this pattern breakout. As long as we continue holding above $57 EGLD is primed to succeed
Egld w pattern neckline was broken and we are now confirmIng neckline as new support!!! Absolutly beautiful pattern formed here!! Wait for break of this triangle here for next add target 75
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
Here we have S1 which used to be a resistance line and the unsuccessful triumphs of the price to rise is obvious. R1 and R2 areas are our resistance areas. At the present, the price is fluctuating over S1 and we predict a pull back to R1 for it and then it may have a fall by reaching that area. But in case it moves over R1, and fixes there, then it will face more increase to R2. If the price falls below S1, then more decline will be waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
long Elrond$EGLD is bouncing off the support level which was a resistance before the breakout. Bullish movement to resistance at 75,92$ is possible.
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
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 ❤️
EgldReached top resitance. Will see if pulls back die to potential support of 46 or bounces off neckline of w pattern to break 58 and hold. I’m ok with lower. I want to buy more below 50 but confirmed support above 58 could push towards 75
Egld Despite the large fall egld I’m pretty excited to see these lows. I did start accumulating this at the 44-45$ range. Now although these crypto markets look bad, egld is one of my top favorites for the long hall and look the most similar to etherum chart , only a few years early of the same parobolic move that Eth had. This could
Be way early but I’m going to contiue to load up on EGLd on red days. Needless to say watchinf this w pattern as it progresses. Seeing if we can flip 58$ to new support and hold or if we retest the 40$ lows. Either way I will be buying in more as the weeks go on
EGLD/USDT possible setupHey guys
We came back to EGLD. we are setting our buys at the moment and we see a great ladder breakout opportunity. Profit will be taken around $55-$60 and we will take out the trade if we close 4hr below $37.
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.
EGLD/USDT Good Profit trade#EGLD/USDT Technical Analysis:-
#EGLD Went $55 and Dumped From Resistance Level and Hope your Short Positions in Good Profit.
Still, I am Expecting $28 But Dont Forget to Placed Stop Loss.
Happy Trading.
EGLD going further downHey, we just lost $20K BTC.. alts will suffer a lot more... $EGLD is looking ready
EGLD fakeout?EGLD broke important resistance at $53.40, yesterday, but today is below it again.
Daily candle close will confirm or not the fakeout.
Anyway do not expect huge pumps in a bear market.
Next support is at $40 and I’m sure will break it, after all.
The first crucial support to watch is around $25.
EGLDUSDT wants the supply zoneThe price is testing the 0.5 Fibonacci level as new support after a rejection from the supply zone on 58$.
As you can see on the chart, the liquidity is on the 4h resistance
How to approach?
The price could get new liquidity from the resistance and create a new bearish impulse until the previous demand zone around 44$ where the market has the daily support. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
