#EGLD/USDT 1h (ByBit) Broadening wedge breakout

MultiversX (f.k.a. Elrond eGold) just regained 50MA support and seems about to leg up towards 200MA resistance.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (5.0X)
Amount: 5.4%

Current Price:
54.03

Entry Zone:
53.68 - 51.92

Take-Profit Targets:
1) 57.48
1) 61.00
1) 64.52

Stop Targets:
1) 48.89

Published By: @TradingOn

EGLD EGLDUSDT.P #MultiversX #Elrond #eGold multiversx.com

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +44.3% | +77.7% | +111.0%
Possible Loss= -37.0%
Estimated Gaintime= 2-6 days

Trade active:

ByBit USDT, Binance Futures
$EGLD/USDT Entered entry zone ✅
Period: 17 Minutes ⏰

EGLDUSDT 12h

Zooming out a bit, we got a dragonfly doji and a possible morning star.

Comment:

EGLD filled our 2nd entry and 50MA support is holding so far.