EGLDUSDT trade ideas
EGLD support & resistance levels - updatedHi , in this chart there is some important support and resistance levels that you need to be aware of them.
I think the most important resistance level that we have in front of stock, is 249.52.
also I wanna note that there is another local resistance level that the stock just break it up.
EGLD analysis from 4HR to 30min time frameBINANCE:EGLDUSDT
Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot.
Let's have an analysis for EGLD.
I'll do the analysis from large time frame to small time frame, and try to find out what happened to EGLD recently.
4HR time frame:
As the figure above, we can see that there was an OBV top divergence (also overbought in LS_AUX indicator), which leads to the price dropped.
After that, it got supported by the strongsupport zone (also oversold in LS_AUX ), and entered the consolidation mode.
30min time frame:
In this time frame, we can see that it always rebounds when LS_Main and LS_AUX enter the overbought/oversold zone.
We can't sure which direction EGLD might go in the future. However, there are still something we konw.
(1) there is a strong support zone at around $232.5. It's hard to break through the support zone.
(2) there is a resistance line in 30min time frame.
In my opinion,
EGLD is more likely to rise and break through the resistance line due to the following reasons,
(1) Through consolidation, EGLD has left the overbought zone, which gives it the power to continue to rise.
(2) the support zone is plotted in 1-day time frame, which is more stronger than the resistance line plotted in 30min time frame.
I would be glad if you share your opinion and hit the like button!
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Attention: this isn't financial advice, we are just trying to help people understanding how to analyze with technical indicators.
EGLD Short termEGLD Short term
*DISCLAIMER*
I am not a financial advisor. The content I create should not be considered financial advice, and is for entertainment purposes only! This is a video for entertainment purposes ONLY. If stocks are mentioned on this videos, I may have an ownership interest in them (i.e. bought some shares) so please DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified appropriate professional for the subject you would like help with financial advice
EGLDUSDT - LONGBased on technical factors there is a long position in EGLDUSDT Elrond
EGLDUSDT Elrond
Score 2️⃣
🔵Long Now or set on Key Level 232.00
🟢Target 1 244.00
🟢Target 2 260.00
❌Stop loss 226.00
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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EGLD Short termEGLD Short term
*DISCLAIMER*
I am not a financial advisor. The content I create should not be considered financial advice, and is for entertainment purposes only! This is a video for entertainment purposes ONLY. If stocks are mentioned on this videos, I may have an ownership interest in them (i.e. bought some shares) so please DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified appropriate professional for the subject you would like help with financial advice