. 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.
. 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....
- EGLDUSDT printed a bullish flag pattern.
- Price brokeout above the bullish flag resistance and had a retest.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
- EGLDUSDT was printing a falling wedge pattern.
- That was a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price then retraced for a retest of the falling wedge's resistance and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- Possible uptrend...
Elrond a fundamentally brilliant DeFi with a great team behind it has only kept rising since its launch
Extremely low fees, insanse transaction speeds and capability with the addtions of decentralised finance and fintech its a good look
On the TA side, we have some form of bull flag/ trend-line being broke, once flipped new ATH's should be formed
As long as BTC...
". There is a possibility of temporary retracement to suggested support line (0.000900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EGLD/Bitcoin 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...