EGLDUSDT trade ideas
$EGLD Elrond Daily SetupA potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.
Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
However it is only a probability within current market environment, BTC might swing down and the setup invalidate.
dont miss egld this timehello, my dear friends...
it seems egld is ready for the next bullish wave ...then we could have the main correction.so there is still one other wave left.
we have the strongest dynamic support line in this area and we have two static support areas,too.
the best target for egld is 1000$...
please like and follow me...your comments are important for me.
Time to buy some Egld?Hello and welcome to my idea about EGLD/USDT.
Today we will take a look at EGLD. If we look at MACD we can see how histogram make cross and show us a bearish time.
RSI is close to oversold area.
If we look at VPVR, we will see next support nivel at 150$ so we can put some buy orders there.
See u next time.
EGLDUSDT - LONGBased on technical factors there is a long position in EGLDUSDT Elrond
EGLDUSDT Elrond
Score 3️⃣
🔵Long Now or set on Key Level 194.45
🟢Target 1 211.50
🟢Target 2 228.00
❌Stop loss 190.70
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (245.69).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSDis in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58
Take Profits:
TP1= @ 265.92
TP2= @ 284.29
TP3= @ 298.32
TP4= @ 314.00
TP5= @ 330.26
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (245.69).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSDis in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58
Take Profits:
TP1= @ 265.92
TP2= @ 284.29
TP3= @ 298.32
TP4= @ 314.00
TP5= @ 330.26
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EGLDUSDT .618 Fibonacci| Price Action| Trend| Trade Evening Traders,
Today’s analysis – EGLDUSDT – trading at a key technical location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
- VWAP S/R Support
- Low Volume
EGLUSDT’s immediate price action is contracting on a key support level that has technical confluence with the .618 Fibonacci and the VWAP, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the expansion.
The immediate is the Daily S/R, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EGLDUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
EGLD support & resistance levels - updatedHi , in this chart there is some important support and resistance levels that you need to be aware of them.
I think the most important resistance level that we have in front of stock, is 249.52.
also I wanna note that there is another local resistance level that the stock just break it up.