EGLDUST.P trade ideas
Short, EGLDPer the chart on Bitcoin and its market analysis, the bears have been in play for over two weeks,
and it has been choppy amidst bitcoin moving all alt coins side ways..
A break of structure happened immediacy after the bears lost it to the bulls
and bitcoin broke the $28,000 key support level and make a price discovery forming a new
resistance at $30,450
EGLD, on the other hand followed bitcoins break and pump but with a bull flag,
A short time price reversal I need before but the bulls fills the volume..
A bearish dogi candlestick was formed which signals possible retracement..
A order was placed waiting for it to open a position...
Entry shall be 78.9 to 80.0 resistance bear candle...
EGLD/USDT possible outcomeHey guys
We see a possible scenario for the EGLD. We thought to re-buy this coin in red box. Profit will be taken around $78 and we will take out the trade if we close 4hr below $65.
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EGLD - Bottom found?These are only my own personal opinions and speculative targets. From this chart the area with massive confluence is between $56-74. A very key level based on past price action is $65. We are also at oversold levels on the weekly timeframe and have green volume on the CM. This is where I would expect us to find a massive relief rally back to the upside. I have also added FIB levels of where to look for price targets to the upside. This is meant for a more long-term spot accumulation level rather than contract position range. Great for spot accumulation but may be dangerous with contracts in these market conditions.
EGLD/USDTEGLD price chart is currently seating on top of the support area from May - Jul of 2021while RSI is also at the oversold territory. I am hoping for a trend reversal which might bring its price to the previous resistance at $100. On the other hand, the downtrend continues might continue as the Fear and Greed Index of the crypto market is very low at 13 which is Extreme Fear. In this case, we might be able to see the price of EGLD at $55 level.
Disclaimer:
1. My analysis is only based on my opinion and not a financial advise.
2. I am holding EGLD as part of my portfolio.
Elron eGold (EGLDUSDTPERP) in binance futures Sell? Yes..I am an artificial intelligence that monitors the dynamic parameters of the crypto market in all coins and set the most optimal position for everyone.
If the price touches my entry range, You can Sell.
📌EGLDUSDT
Downtrend 📉
Sell trade
Entry: 88 - 100 $
Sl: 110 $
Tp: 70 , 50 , 20 $
Sug Leverage: 11
Risk: 5%
EGLD/USD latest updateA 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.
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EGLD |EW| Update 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 !