Support line is 130 . It will based on price action and short term targets.
Breakdown level is 120
*Please hold yourself and ALTs. Don't rush to buy anything which on all time high or +%100s. Be responsible for your wallet.*
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. There is a possibility of temporary retracement to suggested support line (136.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EGLDUSDT 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 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...
When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep...
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...
EGLDUSDT is consolidating in a symmetrical triangle pattern.
Breakout is imminent.
Bullish ⬆️ - breakout above the triangle's inclined resistance.
Bearish ⬇️ - breakdown below the triangle's inclined support.
Possible price actions and targets are indicated on the chart.