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TradingOn
Oct 10, 2022 7:31 PM

$EGLD/USDT 12h (#Bybit) Symmetrical triangle breakdown & retest Short

BYBIT:EGLDUSDT720
EGLDUSDT SPOTBybit

Description

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Elrond eGold is pulling back up towards 100EMA resistance where it's likely to be rejected.

⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%

Current Price:
57.10

Entry Zone:
57.10 - 60.30

Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70

Stop Targets:
1) 65.70

Published By: @Zblaba

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months

Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx

Websites: elrond.com maiar.exchange

Comment

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200EMA* (or 100EMA on daily Time-Frame)

Trade active

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1st entry filled

Elrond eGold got rejected on supply zone and broke-down locally as planned so far.
TP1 was almos thit, missed by 0.15$ that was close, we may reach it later if we remain patient enough!

Trade closed: target reached

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TP1 reached with +28.62% (2x) and +1.2R

Elronde Gold finally reversed after a last liquidity grab above 200EMA, SL held pretty nicely!
RSI oversold now, time to Take Profit and adjust Stop Loss at highest entry to protect the trade.

#EGLD #EGLDUSDT #Elrond #eGold #IoT

Trade closed: target reached

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TP2 reached with +50.10% (2x) and +2.1R

Elrond eGold continued with the local downtrend, SL edited to lowest entry now.

#EGLD #EGLDUSDT #Elrond #eGold #IoT

Support and ResistanceTriangleMoving AveragesEGLDegldusdtelrondegoldERDelrondnetwork
Comments
demilapadat
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I expect it to go arround 58.5$ , after that to 48$ .
TradingOn
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@demilapadat, so far so good.
demilapadat
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@TradingOn, i have my sell order at 59,29$
seriousSnail91881
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Good Job!!!!
TradingOn
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@seriousSnail91881, thanks, patience paid off!
UnknownUnicorn18205093
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this chart will fail %100
TradingOn
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@morishej, first there is no such thing as "100% sure", second check again the chart and see how it is following the forecast accurately!
TradingOn
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@morishej, see, it played out nicely in the end! ;)
seriousSnail91881
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@UnknownUnicorn18205093, you sure?
michaellr
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Nice chart, have a good trade
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