EGLDUST.P trade ideas
EGLDit seems that EGLD is going to start a rally, as you can see bullish candles are way stronger than bearish ones, besides Oscillator on HTF is appropriate but not perfect, also price is going to break the triangle. also Fibo 61.8 of the last leg hold price very strongly. so I would enter a position of 1:7 RR.
EGLD/USDT Elliott Wave countTaking a closer look at the wave structure i saw that structure at wave C that marks bullish reversal its overlapping so I think we gonna have a bigger WXY corrective structure that will push higher. We are now into wave B maybe a triangle and a break of it support will go for wave C form X bigger wave.
EGLDUSDT the price is testing the upper trendline
The price is testing the ascending channel as resistance after the breakout from the daily one.
The market is creating a pennant as well below the weekly resistance and 4h resistance.
How to approach?
We will wait for a breakout with Volume from the pennant and 4h resistance. Beware about the weekly resistance, because that resistance is very strong. IF the price is going to satisfy all our rules, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
🆓Elrond (EGLD) Feb-15 #EGLD $EGLD
The $180 and $160 zone are two very good support zones, but when EGLD corrects here, we can start accumulating for the target of $300 in March.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 160$ zone
🔴Buy : 180 - 160
🔴Sell : 220 - 260 - 300
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 160$ zone
🔵Sell : 160
🔵Buy : 120
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
BEST PERFORME EGLD IN 2022 By triesdi from Indonesiaafter close candle rather 205$ EGLD continous bull and close at 298.5$ and corection again. to 225$ ema 200. and break move to 329$ to create big big bearish divergance and mey-july last week welcome to big dump for EGLD.. and than when buy EGLD ? best price range 72-86$ and hold till 2023 feb-maret and target major 924.26$ this is big target .
egldnever seizes to amaze me.. like istated in last egld post this is the cleanest setup here. such an easy trade. took half off the table at 191 sell limit that triggered. sure it got more in it. next target 220...but damn it just got a boner LOLLLL hope you guys been following me ive been charting this since 116
Elrond Long Set Up$egld #elrond Just unlocked next level on H4. 215 is the play now. Exit on H4 close below 180.
Strong Close above 200EMA with RSI and OBV looking bullish. This should continue as long as Bitcoin stays steady.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!