💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork Long

EGLD / TetherUSBinance

Description

⋅ May 15, 2021 2:40 PM

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (161.95).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 43.

Take Profits:
TP1= @ 175.10
TP2= @ 204.85
TP3= @ 244.50
TP4= @ 283.75
TP5= @ 373.20

SL= Break below S2

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Comments

davidgolandak

⋅ May 15, 2021 3:44 PM

Lovely analysis, man! Looks very clean!

ForecastCity_World

⋅ May 15, 2021 4:32 PM

@davidgolandak, Thank you! Hope it's inspiring.

AR_kooshani

⋅ May 15, 2021 3:39 PM

Thanks for your ideas.

ForecastCity_World

⋅ May 15, 2021 4:32 PM

@AR_kooshani, You're very welcome! We hope you enjoy it.

Mehmetozdemi

⋅ May 15, 2021 3:34 PM

Thanks, bro! Good work!

ForecastCity_World

⋅ May 15, 2021 4:32 PM

@Mehmetozdemi, You're very welcome! We hope you enjoy it.

Mesutkashmar

⋅ May 15, 2021 3:32 PM

Good forecast, hope to see more.

ForecastCity_World

⋅ May 15, 2021 4:32 PM

@Mesutkashmar, We appreciate your comment.

yusufipek1989

⋅ May 15, 2021 3:26 PM

Good analysis as always! Simple, clear, and detailed. Thanks!

ForecastCity_World

⋅ May 15, 2021 4:32 PM

@yusufipek1989, You're very welcome! We hope you enjoy it.