In my previous idea about schiff pitchforks i estimated 1150$ using FIB retracements.
This idea uses FIB extensions in logarithmic fashion, as well as axis. In this way, no more 6.618 madness shows there.
I added 0.886 which represents the price level derived from the golden ratio (0.618 x 0.618=0.786, 0.786 x 0.786 = 0.886). You can see that was the target in...
It's been a long six months since we updated our thoughts on the EGLDUSDT trading pair, but it's time, because in the previous idea worked out all target:
Now we have EGLDUSD price at a crossroads, where to go next? We don't know the answer to this question either, we just...
I reentered a position here. There are many reasons for it:
1. bounce from the 0.618 fib level 2nd time
2. forming a double bottom
3. bounce from the "buy" zone
4. Forming a possible W pattern.
This is still a risky one. Let's see if this will play out.
* Entry Price $393.14
* SL $375
* TP1: $479
* TP2: $539
Here's a comprehensive analysis on EGLD performed on a weekly time-frame and we will observe how the prices exhibit fractal properties over time. Also, we'll speculate upon the factors (listed below) which will lead the price to it's next possible New All-Time-High (ATH).
(i) The price momentum has been developing inside an "ASCENDING CHANNEL" since Dec 2019,...
HnS pattern breaking down. Very large target but listing it for reference. PT has confluence with golden pocket from Fib retracement from lowest bottom to top.
Green boxes should be support areas before PT.
PT = $324
Due to the Maiar news and Mex I can see EGLD easily reaches the top of the channel which is in a red box
I want to see it break above channel and go for top10! But Technical analyses doesn't say that!!
Also There are many people in the community Swapping their MEX to more EGLD!!