EGLD BREAKOUT: new ATH coming soon!EGLD has been in a very long consolidation after its surge that ended on Feb 7th with an ATH of 217$.
The bull run was very powerful; coming from 34$ on January 24th but thus overextended, hence a long consolidation period.
Now EGLD just broke out of a huge triangle and is ready to join the alt mania party for a new ATH, check chart for targets.
I am very bullish on EGLD fundamentally, token economics are great (scarce) and I believe we can see 2 to 4x in the coming months!
(obviously EGLD is bullish on the BTC pair as well with 20/30% potential gain in the mid/short term)
Happy alt days! (check my profile for more (about to) mooning alt coins)
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Egldbtc
EGLD | Getting Ready for Another Bullish Wave..!!#EGLD (update)
Consolidating in Triangle from last 2 Months & Now, Almost Ready to Leave the Station But Bulls need Volume for Upside Breakout.
In Case of Upside Breakout, Expecting +90-120% Bullish Wave in Midterm (2-6 weeks) so Keep Your Eyes on it.
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EGLDBTC Long ThesisEGLDBTC Long Thesis -
Retesting 2100 Support Level - Check Weekly time frame High Close from Jul/Aug 2020.
61.8% Fib Retracement from previous bullish impulse move.
Rising Wedge / Pennant formation (Price Squeeze).
Bullish uptrend (Higher Lows and Trend Line ).
Please like and share if you found this Technical Analysis helpful. I will be posting more if demand for this TA is found.
Good luck, and always maintain your risk management!
Elrond EGLDUSDT - Bull Flag + Elliott Wave, BREAKING OUT!- Elrond is pumping hard recent months and this trend should continue!
- As per my Elliott Wave count, i am expecting one more 5th wave to the upside.
- Out profit target can be top of the trendline, 1:1 FIB or 1:618 FIB (conservative target 0:618 FIB)
- The price is currently breaking out of the bull flag on the daily timeframe
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- The blue trendline really should hold for continuation to the upside.
- If you want to see more of these ideas, hit "Like" & "Follow"!
EGLDUSDT (ELROND EGOLD) - POTENTIAL BREAKOUT ANALYSIS 🔎
- EGLDUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
It's a great buy opportunity in EGLDBTC @ElrondNetwork @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00218). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EGLDBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.002490
TP2= @ 0.002690
TP3= @ 0.003080
TP4= @ 0.003480
TP5= @ 0.004200
TP6= @ 0.004640
SL= Break below S2
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It's a great buy opportunity in EGLDBTC @ElrondNetwork @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00218). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EGLDBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.002490
TP2= @ 0.002690
TP3= @ 0.003080
TP4= @ 0.003480
TP5= @ 0.004200
TP6= @ 0.004640
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️






















