EGLD
EGLD analysisHello dear traders and my subscribers 👥, please if you like ideas do not forget to support it with your boost 🚀 , thank you so much and we will start
EGLD is now retesting the $54.15-$55 area. If the price break below $54 then we see a downward move toward the local support of the $51-$51.40 area. The major support is $45.30-$46.80 area. The next resistance is the $58.70-$59.80 area. Use tight stop loss if you planning to open a long position here.
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.
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? 🙂
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (51.34).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 56.83
TP2= @ 59.33
TP3= @ 62.51
TP4= @ 66.09
TP5= @ 69.42
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (51.34).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 56.83
TP2= @ 59.33
TP3= @ 62.51
TP4= @ 66.09
TP5= @ 69.42
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EGLDUSDT Massive break above the 1D MA100.*** ***
For this particular analysis on Elrond we are using the EGLDUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where EGLD broke above the Falling Wedge pattern that it has been trading in for a little less than 2 months. The most important development however is that today it broke above its 1D MA100 (green trend-line) for the first time since August 14. If the price manages to close the 1D candle above it, it will be the first time to do so since April 19!
That would be on its own a massive bullish signal for the token as technically the next long-term target would be the 1D MA200 (orange trend-line), even though there are two Resistance levels involved (59.10 and 69.70) that shorter term traders can target.
Be careful however of the 1D RSI entering the Resistance Zone that has been holding throughout the whole year. A rejection there should make you consider taking profits earlier. On the positive side, the 1D MACD is on a strong Bullish Cross.
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egld/usdt amazing zone broken the tangle proper risk managed analysis risk reward is huge. so many updates are coming by egld community it may hit $60 in shirt term
#EGLD, Volume is showing some strong activity#EGLD
UCTS is signaling simultaneous buys on the /usdt and /BTC pairs.
Volume is showing some strong activity, which I hope continues.
~60$ as the 3months-range high
🤞⌛️
EGLD CAN MAKE A CORRECTIONI think we have a downward swing from the specified area in the form of scalping
Elrong EGLD Price Prediction 2022my Elrong EGLD Price Prediction 2022, i am long now, but if btc will fall than EGLD may fall to $20 area
EGLD : A Clean falling wedgeElrond is consolidating inside a falling wedge and on breakout, I will watch out for the following 3 resistance zones. Currently bought a bag and holding in Spot...
EGLDHELLO GUYS THIS MY IDEA 💡ABOUT EGLD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push up the market again..
DOWNTREND + Resistance from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
EGLD/USDT short
Entry Range: $47 - 49
Price Target 1: $42
Price Target 2: $39
Price Target 3: $30
Stop Loss: $56
EGLDUSDT ANALYSIS , 1DEGLD currency is in a downward channel
and after each time it hit the ceiling of the channel
we saw a sharp drop of this currency.
Elrond shortElrond is bouncing off the Fibonacci 0.618 retracement zone which is also in line with the resistance level. Bearish movement to support level at 46.5 is expected to happen.
EGLDHit POC level few months ago, but I think it will go below 37$ POC in the coming months. Overall the chart looks decent long term.
EGLDUSDT Bearish Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)
[UPDATE EGLD] A 100% rally of EGLD is possible.Range theory.
Target price: 104-112$.
Looking for a rally pre-Ethereum merge for all alts.
EGLD bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
EGLD is a cypto with a negative overall sentiment recently.
I have the following price targets:
EGLD/USDT short
Entry Range: $51 - 56
Price Target 1: $48
Price Target 2: $39
Price Target 3: $30
Stop Loss: $63
ElorandEorand Tecnical Analysis Basically on elliott waves Principles Priceaction Strategy
Elorand can be 10$
Wait and watch.
