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EGLD

Long EGLD EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost. Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators. Breaking volume is two time bigger than the average. OBV broke its trendline and reverses. MFI broke also its trendline and reverses. CMF rose from negative to positive values and this indicates buy pressure is back. A referenced TPs (blue lines) and SL (red one) are in chart. Al the best!
Long
by evasivesteering
4
[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short. Egld is the best chart of this inflationary bear market: 1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit 100$. 2) Short: short 39$. if we go above 56$, deviate above but don't hold it, the first target is back in the range at 40$. If it goes below 40$ without any fast deviation above, we can hit 22-25$ easily. You can accumulate a big chunk of Egld at 25$ and ride up to 100-150$ in 2023/2024.
BINANCE:EGLDUSD
by Homocryptus
2
EGLD new wave?From a technical point of view, if most of the coins are on the chart at point A and falling down, then EGLD has started to go in front of the market, has passed through the 50th and 100th MA and trying to hold above them, which is already a positive sign. We would wait for more consolidation with going up and potential targets of $59, $68, this scenario is relevant as long as we are above the 50 MA. EGLD is the native coin of the Elrond blockchain, used to pay on-chain fees, staking, and reward network validators. The Elrond project itself is not only a smart blockchain, but also a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. In a sense, the project token will correlate with the successful development of the project. The entire ecosystem still has development potential, a significant number of projects can still be released in this network through its own launchpad with the support of Morningstar Ventures as one of the main investors in the project.
Long
by razumcapital
Elrond Bullish RSI Divergence Calls For at Least $10 RallyElrond (EGLD) has printed a bullish RSI divergence that supports more upside, at least until the next resistance around the $63 level is retested again. Additionally, Elrond is showing relative strength compared to the overall cryptocurrency market. These two technical factors combined offer a short-term bullish outlook for the Elrond price. Bullish RSI Divergence A strong bullish divergence between EGLD and the Relative Strength Index (RSI) oscillator was observed at the bottom of the current range near the $47 support level. The rally that emerged afterward doesn't seem to be running out of steam. Moreover, the price has developed the bullish RSI divergence in multiple time frames, indicating a potential bigger bounce. The path of least resistance is to the upside, as there are no clear resistance levels until the area between $63 and $65. EGLD Relative Strength Another divergence between the EGLD price and the Altcoin Index shows that Elrond is stronger than the overall crypto market. While EGLD's price broke above the mid-September high, printing a higher high, the Altcoin index continues to trade below its mid-September high. The divergence between EGLD and the Altcoin index may be just a short-term anomaly. Because we're still trading within a bearish cycle, this may be just a pullback, and sooner or later, EGLD could align back with the overall market direction.
by cryptohopper
1
EGLDUSDT 1D Currently, the price is in the range of important resistance. The first scenario is to have a price fluctuation between the range of 51/55 dollars. It is important to maintain the first support level of $51 and continue its positive trend.💹 If the price breaks from this range with a good volume, the stabilization above the range of $57 , we may see growth up to the resistance of $63. The second scenario is if the price corrects and breaks the 51 dollar range, we will see further correction to the important support range of $46 what do you think about it? 🙂
by mehrnaziji