EGLDUSDT price starts moving in a parallel channel and trading between a symmetrical triangle. We expect the Bulls to take control sooner and look forward to some excellent upside levels. So buying on Dips will be a good strategy.
Egld almost same thing of course like BTC , just different structure . I'm expecting egld to end the b wave corection at 84 range and pump for wave C to 114 target , after this egld same as btc should retrace for wave 5 , wich is not calculated yet , but i will after this ends . cheers !
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This is a one-day-time frame analysis for EGLDUSDT
We predicted in our last analysis on May 3 that the price would have more decline. At that time, the price was fluctuating about $120 and we expected more fall for it. Now you can observe that our expectation came true and the price has reached the...
EGLD on the major monthly support formed where we required to confirm the bullish breakout as shown through the trend path on the chart. A clean bullish breakout will give us a chance to do a nice long positions on this pair.
#EGLD/USDT TA update:-
$EGLD currently trading at $242
Which is Strong support zone.
There are 2 Scenarios:-
1)- If hold this Support $223 then we can see $500 after then $950
So Need to hold $223 support zone.
2)- If break down $223 support zone then we can see $120-$130 area.
So this will be best entry zone.
And After hit this support we can see Big bounce...
EGLD on the major monthly support formed where we required to confirm the bullish breakout as shown through the trend path on the chart. A clean bullish breakout will give us a chance to do a nice long positions on this pair.
EGLD support and resisstance levels (ressistance levels are invalidated if the price makes a lover low) + potential local bottom (level on fib time, as you can see in the past, in the previous levels we had short term bottoms). Strong support between 98$ and 83$.
112-day intervals WTF?
I spotted this one evening and couldn't believe how well it all matched up. Seriously, have a scroll around and let me know what you think :)
A correction of a smaller degree is about to end in EGLD/USD once the ascending triangle ends, forming the wave E on the downside.
We should see an upside soon after. I believe that, on a bigger degree, we have a bigger impulsive Wave 1 forming on the upside, after which a correction inevitably will follow.
This analysis does not represent professional and/or...
EGLD/USD
EWT count - 16 MAY 2022
It looks like a correction might have ended, after over 6 months of downfall of EGOLD.
The expected price of $ 72.26 has been touched.
If the price touches the mark of $140.94, we may consider an uptrend of this. If the price keeps heading down, it means that we are still into the "red territory" and an impulse on the downside may...
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