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EGLD / TetherUS PERPETUAL CONTRACT

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EGLDUSDT.P trade ideas

🚩EGLD: falling wedge breakout! Wait for confirmation!EGLD price made a bullish wedge after a false breakout. As we know, the crypto market has its own specifics of patterns. Often it happens with manipulations, collecting of stop losses, false breakdowns, etc. In this case, the manipulation was the first time when the wedge was broken out, when the candle collect liquidity above the wedge and returned to it. The price fell by 8-9%, almost the same as the entire crypto market. It`s not to much and show the bulls power. By volume, we see that this altcoin has been bought 3 times at the bottom. This indicates a big player who is accumulating a position. Locally, we might see a breakout of the bullish wedge. If the volumes grow on price pullbacks, it will confirm our bullish scenario. Targets can be identified by the horizontal volumes indicator. It`s the largest value areas, where the most of traders will close their position: $90-93 $107-110 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
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...
Short
by Abstaina44