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EGLD / TetherUS

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EGLDUSDT trade ideas

EGLD could visit $70EGLD has been in a downtrend from a price value of $213. After a long downtrend, the trendline has recently been broken and I expect some reaction to this. I expect a minimal pump towards $70. I know the crypto space is currently in a bear market, but this is purely a price speculation on the broken trendline after which some pump is quite plausible. I long EGLD here, but also buy a small bag for the long term since EGLD is fundamentally a strong cryptocurrency. DCA is the play for me here.
Long
by TheWolfOfAltStreet
EGLDUSDT is testing the 4h supportThe price created a W pattern and now the price is testing the neckline as new support on 57$. the price got a clear rejection from 63$ area where the market created a 4h resistance. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
Egld As we now have slowed our drop here this is where things get interesting. If we can see EGLd holding this low roughly 52.17-52.50 area, if we can see support hold we could be creating a large rising wedge. If this stands true, then we can expect to chop within this wedge up to retesting previous drop area. This can target us close to 75$. Howver if we break support here and fail and contiue down we would expect price to retest previous lows or make a new low. I am still long and starting to add some further to my original 44$ $ add zone. I will be watching this level in the lower 52$ range to make sure we are going to hold but if this plays out it could be a great buy zone for the next few weeks depending how long this takes This means I will be short term bullish as we find if we can control this low. If it breaks this idea may be invalid
Long
by Erictaylor
3
egld | ew | short term If u wanna trade this , watch for reaction at 52$ , for a pump to 58 $ , and get out after cuz another dump will come . Trade safe , allways put stops at the wick of the candle where u see the reaction at the given target , that way u minimise lose a lot . Longer term im bearish and we can see egld below 30$ a future update will come along with btc . Allways wait for the reaction and OCO with stop at 52 for example depends where the reaction happened and limit lets say 57 $ . Another good way to enter is to wait to have the A the B than we will have a more accurate C for a better entry
by RagNar87ro
4
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!
Short
by Cross10XSignals
4