EGLDUST trade ideas
EGLD Is Going to touch 270$ once again🌳EGLD Has Done a Massive Correction! But It Seems To be Recovering From That! As You Can See The Price Has Created a Good Double Bottom Pattern. This Means When The Break out Happens, The Price Can Increase as Much as The Measured Price Movement (AB=CD which in This Case Is as Much as the Length Between The Bottom & the Top of a Bottom!) So This Means that EGLD is able to Reach 270$ Once again. But No Confirmation yet cause There is no Break out.
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Thank you for seeing idea .
Have a nice day and Good luck
🔥 EGLD Bullish Channel Update: Huge Move ComingA little while ago I made an analysis on EGLD and the long-term bullish channel it was trading in. Since my last analysis last week, EGLD has gained over 20% and is one of the major gainers of the current market.
I'm making this post to inform you that we're closing in rapidly on the $200 resistance area. This area is a previous local top, as well as an important round number. Expect traders to take profits, which will lead to a reduction in value.
The bounce down after hitting $200 might be a good time to load up in case you're planning to DCA. Keep an eye on the overall market.
Long-term target is still the top of the channe.
Happy trading!
EGLD Showing Strength Amidst General Market WeaknessBeen looking for a trade to the upside in names that showed signs of resiliency amidst the general market weakness. BINANCE:OGNUSDT and BINANCE:WAVESUSDT have been two trades I have entered prior with the same thesis. EGLD looks like the next one to find support.
I personally view the market playing capital rotation for now and if anything is outperforming everybody is going to chase that as the options to trade long is very limited at the moment.
Looking for near-term, upside at around $205 to $235. Stops below $120.
Anybody looking at this and seeing the same?
Elrond has broken, ready to riseHello my friend
Looking at the big picture for Elrond, I think he's broken and eliot will repeat again. Macd is producing buy signals on the daily chart and the reds have turned white for the weekly chart, and I expect it to turn green on the weekly chart and produce a buy signal soon. Rsi is also at the bottom of the formation and it crossed the trend for an uptrend, when I look at the indicators, I am positive and I believe it will get bull again for Elrond. There may be short-term dreams, but in the long term, the direction is up. Don't forget to follow bitcoin and stop. If you like my idea, don't forget to comment and like, it will be the best thank you for me.If you like this idea, you can also check out my ideas below.
It is not investment advice.
EGOLD USDT Resistance (Long-Term TP'S)>>>>>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart
It's not Advise to Any Move Just For Future review
With Hopping Success>>>>>>>>>>>>>>>>>
EGLD break out from W pattern .Hello traders 🐺 .
IF you remember my last idea about the EGLD , you know that in the last idea I was talked about the long term view of the EGLD and you can find it in the Related idea down below this idea , but in this idea I want to talk about the short term view of the EGLD :
In the chart above you can see that EGLD is breaking out from the minor W pattern inside the triangle pattern and now trying to retest the neck line as a new support , and as you can see in the chart I showed you the possible path for the EGLD price and after reaching the W pattern target , EGLD will faced to a daily resistance ( blue box) which is in alignment with the triangle upper trend line and also it's a W pattern price target .
But after testing the daily resistance , EGLD may goes down again and consolidation between the daily boxes , and after that decided to break from the triangle .
If you are currently in the long position , you can puts your take profit around the daily resistance box at 180$ , but still there is chance for goes further above , so trade based on your trading strategy .
EGLDUSDTDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.