Hello, dear traders. how are you ? Today we have a setup to buy/long the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
I'm not bullish about the market right now. And I'm not gonna take a serious position because of this but i just thought it's interesting to watch.
This is a ~19 days of accumulation right now. It's not much but still looks interesting. This is just something I wanna watch and possibly learn something.
as u can see prie break down the fib ext at 52 $
also we can see potential Swap area at 46.68
so we can expect EGLD Dump 55% to the Ywllow Dynamic lvl, wich is trend confirmation, after that, need confirmation
sure, there will b an update if we get there
Fundamentally, Elrond offers a mix of traditional finance and decentralized finance to its users and is therefore accessible to all. Financially surviving the FTX crash I believe EGLD is among the top 20 most promising coins on the market.
It's a whole defi ecosystem and developers can use the blockchain to develop Dapps and Egld, the native token, was created to...
Now we are in a Bear market, nobody wants to buy it but Elrond is coming huge.
Let's see what happens after 1-2 years.
multiversx.com coming huge, fast network, payment systems, launchpad and metaverse.
Rising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance.
We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge.
entry2: bellow wedge
EGLD/Tether 4hr has hit a daily level and given a strong reaction to the down side and made a Break of Structure ( in yellow ). Expecting price to come down and take out all liquidity on the trendline ( in pink ) to the area of ( 55.58 - 55.74 ) which was the last strong 4hr demand zone where i'll be waiting for price to slow down meet my...
The price is inside a descending channel below the 58$ area, it's a jey level.
On the daily timeframe the price is creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, According to Plancton's strategy , we can set a...
Are any EGLD fans here?
Elrond is supposed to brake the bullish ascending triangle in 4hr chart. Did you notice that?
you can enter and can put stop loss below support line.
Don't forget to comment and look at my Trust wallet analysis also.
Follow me to More..
EGLDUSDT has been in a strong bearish trend .
The price has broken below major supports.
Now price has took support at strong horizontal zone.
The same zone is also double bottom zone.
The bulls need to hold this support zone.
We are expecting bulls will took control and price may go higher from here.
Manage your trades accordingly.
Trade setup: Trading in a Sideways Channel ($50-65). Price bounced off of $50 support zone with big volume, reaffirming the relevance of that support area for buyers. Now price is approaching the channel resistance trendline ~ $65. Swing trader: trade the channel (Enter near $50 support and Exit near $65 resistance). (set a price alert).
Pattern: Bullish Pennant...