Egld after deep dump and moving on the support for about 2 weeks and made strong support, going to break the triangle and touch the top of the bigger triangle...
Egld can touch 14$ and catch the more than 50% profit.
This is a new coin on the USDT chart, so not much to say for now. I will come back and reevaluate in a few weeks or even a month.
However, if we use support and resistance strategy, we can decide to buy EGLDUSDT at the 8.688 support level and then sell it for a profit at the 17.620 resistance level.
That's all for now.
Hello folks! Close above $10.3 on h1 chart and we're heading towards $10.7. Also, there is an important resistance at $10.5 that has to be retested when broke, so take care. The 'long' (it's h1 chart) price prediction is around $12, where a resistance area is waiting for. Keep in touch.
This is not financial advice!
@TradeWithBravo
Hello folks! Few hours ago I have posted a bearish view about EGLD chart. I'm going to flip the side now and offer a bullish case (I think we are going to invalidate the previous one - rlly don't want to mislead you guys, but as a trader you have to change your mind so many times and it's not that I didn't see that C&H pattern, but because I was so confident in my...
Hello folks! Unfortunately, with the entire Elrond team huge efforts, I think it's berish period isn't over (yet). So, on weekly, we need a break up of $10.7 for a trend reversal. On daily, the same move above $10.7 resistance, will place us into a sideways range ($10.7 - $12.3). Finally, on h4 if we want to revisit that attempt to break up the $10.7 resistance,...
Hello folks! Quick update on EGLD/USDT on h1 chart: sell around $8.8 - the triangle will be invalidated if we'll see a break up (which I don't think, considering the whole market current situation). Stay safe! Keep in touch
This is not financial advice!
@TradeWithBravo
Thats a great news! in trading is better to have interest than not having it! egld has in the eye all proffesional traders and huge companies observing it and in the last weeks manipulating prices to get it down. we see that when egld has good news in the terms of development, this traders put huge selling orders so they are bottoming the price and making domestic...
