Hi every one
EGLD / TETHERUS
EGLD/USDT has formed an ascending triangle which is a bullish pattern! the price can increase as much as the measured price movement (AB=CD) but only after the break out happens we can be sure about the bullish movement!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Last time BTC had this big drop, egld dropped hard(-41.50%). This time egld held strong only dropping 9.91%
This btc drop was caused by TESLA clamming it non environment friendly. Egld being proof of stake is very environment friendly.
Time will tell what's gonna happen next, but feeling pretty good about egld.
EGLD has been trading in the same channel since February. Good new for us is that this is an ascending channel. Additionally we have testing the middle of the channel multiple times over the last three months and each time we have been rejected. This is not that big of a deal since a move back to the middle of the channel from our current price is a 60% increase...
Ok i know a lot of people will not like this but i just want to share with you what i see on the logarithmic chart...It's just a scenario don't Panic... don't really like this Bart Simpson Head now... We all so have the bullish scenario with the cup & Handle.. but this can happen if Bitcoin is crashing... The eGOLD is forming a Rising Wedge for now.. The pole is...
EGLD/USDT It has good growth potential !!
It seems EGLD/USDT is trying to form a Cup and handle pattern! as you Can see the Cup has been formed but the handle has yet to Complete after the Completion of the handle we Can expect the price to increase as much as the measured price movement! do you think that EGLD Can reach around 320$ or not?
Our more recent...
I'm pretty new to this but it looks like we have a head and shoulders formation for EGLD. With this formation we want to watch the neckline closely, and if it breaks to the downside I used the red line to predict a potential bottom to the ensuing downtrend. As you can see, this target also coincides with a previous support level as well so it makes sense. Love the...
i still see this Cup& Handle pattern which can bring us to 335$ and pure correlation with 161.8% of fibonnaci.
What to watch.
-Daily MA21 at 193$ (resistance)
-ema Ribbon on 4 hour (resistance)
When to get in..
-Wait for a confirmation of the breakout over the trendline or if you want to buy earlier wait for a candle close over the daily MA21.
Best to you,...
The price is tesating the upper trendline inside a descending channel. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
Elrond seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 297 and even higher. So EGLD , just show us some love!💕
ENTRY : local high @ 188
SL : local low @ 169
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 297
RRR : 6
INVALIDATION : when SL...
EGLD has just conquered the 160$ zone and is heading to 220$ zone, which is very strong and may push EGLD down to 160$ zone again. But I think May will be a great month of EGLD with target at 280$ or even higher
👉Apr 28 : Mainnet Upgrade
👉Apr 30 : Maiar Exchange Launch
👉Sep 30 : ZEE Bridge
👉Sep 30 : Polkamon Integration
-Buy: 156-164$. SL...