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EGLD / UST

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EGLDUST trade ideas

🔥 EGLD Triangle Break Out: Volatility IncomingSince the massive drop last weekend, EGLD has been seeing a prolonged period of consolidation. This period of consolidation formed an almost perfect triangle on the chart. Classically, triangles end up with a climax (break out) towards one side, often accompanied by a lot of volume and volatility. Since EGLD is nearing the end of the triangle, I'm expecting volatility soon. With the crypto (and stock-) market seeing a strong reversal at this point in time, it's expected that EGLD will break bullish. Wait for a big green candle to confirm the break out. Targets placed at recent tops. Happy trading!
Long
by FieryTrading
10
EGLD long term resistance/support flipEGLD has retraced to the long term resistance line (2px golden line on the chart) that the price has broken out of as of last month. If it holds, this would indicate a very important support/resistance flip. On lower timeframes (2H, 4H, 8H) the price action seems to have bottomed, while at higher timeframs (3D) there is still not a reversal sign on momentum indicators (MACD and WT-Cross). Together with the last published idea at the .618 fib, this would be a great price to buy back Elrond. Long term, the only way is up with this developer team! NFA
Long
by robkarels
EGLDUSDT Price Update EGLD has broken the falling wedge pattern in the 4H timeframe. Right now it's retesting previous resistance to find support. if this falling wedge pattern plays out, the target would be the top of the wedge which is approximately at 530. I think it's likely going up because the falling wedge is a bullish pattern and also in the 1H timeframe it's forming Bullish Divergence. if you want to trade you can wait to cross the previous high for extra confirmation and then you can enter a long position. we have good support levels around 342 and 335.
by BlackWolf001
2