📢 $EGLD / $USDT | 🟢 LONG | ⭐ 74.7%
🎯 Goal: $3.4405. Does it make it?
🎯 Trading levels:
🟢 Entry: $3.256
🛑 Stop Loss: $3.1453
🏁 TP1: $3.4405
🏁 TP2: $3.4774
🏁 TP3: $3.5512
📈 Analysis:
The asset $EGLD shows a bullish multi-timeframe alignment, with price consolidating above the 20 and 50 EMAs, confirming a continuation structure. The MACD shows a bullish crossover (an impulse indicator that measures the relationship between moving averages) and we see buy absorption at key levels, while the RSI at 56.5 still has enough room for momentum to develop. The ADX at 17.9 suggests a trend forming, supported by a rising OBV (on-balance volume) that validates buyer interest.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price loses support at $3.1453, which would negate the short-term bullish structure. We will monitor the breakout above the VAH at $3.4248, since a sustained close above it would confirm full control by buyers toward the proposed targets.
Do you think the buying volume will be enough to break the $3.499 resistance on this attempt?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #EGLD #trading #Futures #Bullish
🎯 Goal: $3.4405. Does it make it?
🎯 Trading levels:
🟢 Entry: $3.256
🛑 Stop Loss: $3.1453
🏁 TP1: $3.4405
🏁 TP2: $3.4774
🏁 TP3: $3.5512
📈 Analysis:
The asset $EGLD shows a bullish multi-timeframe alignment, with price consolidating above the 20 and 50 EMAs, confirming a continuation structure. The MACD shows a bullish crossover (an impulse indicator that measures the relationship between moving averages) and we see buy absorption at key levels, while the RSI at 56.5 still has enough room for momentum to develop. The ADX at 17.9 suggests a trend forming, supported by a rising OBV (on-balance volume) that validates buyer interest.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price loses support at $3.1453, which would negate the short-term bullish structure. We will monitor the breakout above the VAH at $3.4248, since a sustained close above it would confirm full control by buyers toward the proposed targets.
Do you think the buying volume will be enough to break the $3.499 resistance on this attempt?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #EGLD #trading #Futures #Bullish
