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EGLD

Elliott Waves: EGLD Is In Higher Degree Wave IV CorrectionHello Crypto traders! Today we will talk about cryptocurrency EGLD, its price action from technical point of view and wave structure from Elliott Wave perspective. Looking at the weekly logarithmic scale chart, we can clearly see a completed five-wave cycle within higher degree wave III and with broken channel support line, EGLD could be now trading in wave IV correction. Corrections are made by three waves A-B-C and ideally back to the former wave 4 swing low, so current recovery looks to be just a three-wave corrective rally in wave B before we will see another decline for wave C. What we want to say is that in the short-term, EGLD can see more gains towards 250 -350, maybe even 400 area for that wave (C) of B, but later then watch out for another decline towards strong 50 support level before real bulls for a higher degree wave V show up. Trade well! If you like that we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:EGLDUSD
by ew-forecast
3
Elrond (EGLD) Sell ZoneElrond (EGLD) Sell Zone -------------------- BIAS Mid-Term : Neutral Long-Term : Bullish Risk : High Short-term scalp, expecting a forming bearish pattern and breaking down the current zone. -------------------- $EGLD/USDT SHORT SETUP Leverage : x3 - x5 Entry Price : 188 - 198.5 TP 1 : 185 TP 2 : 181.75 TP 3 : 178.8 TP 4 : 174.85 TP 5 : 171.1 TP 6 : 167 TP 7 : 161.25 TP 8 : 154 Stop Loss : 208.15 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Short
by Zerene
3
ELROND LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ELROND(EGLD) after price made a failure swing low meaning near 130$ price area meaning the market strucutre has been shifted. We have a bullish BOS. I woudnt take LONGS trade from this area as we are not in a DISCOUNT market area yet. I will wait for the price to return to fill the bullish imbalances and reject the bullish orderblock on H4. And from there to go higher above 250$ - 300$ area. What do you think ? Where we go next ?
BINANCE:EGLDUSDLong
by AnonimFXRO
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium We've once again retested long-term support and bounced from from our slight sub $128 zone, pushing price back up to around $134 where we're currently trading. -------------------- $EGLD/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 128 - 134.75 TP 1 : 140.5 TP 2 : 145.2 TP 3 : 150.8 TP 4 : 156 TP 5 : 162.6 TP 6 : 169 TP 7 : 178 TP 8 : 189 Stop Loss : 120 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
EGLD entering Sell Zone$EGLD #Elrond entering the sell zone (red box) between $186-198 where the 21W EMA and the 200 day EMA are now, probably going back to touch the 50 day MA (curved red line) after getting rejected. The "buy box" (green box) is now between $140-$150. The game here is simple: - Buy in the green box - Sell in the red box - Stop loss at $132 (or 5% below your buy price) - Potential average profit: +30% - Potential loss: less than -10% if you set everything properly Bull market support band (20W SMA, 21W EMA) are now around $189 and $226 respectively, meaning until we see at least a few candles closing above $226 this is still in a downtrend. Probably getting a MACD bearish cross by the time we reach the vertical blue line and we could even see a double top around $199/$200. Enjoy.
by BlackTieCrypto
EGLD Is Going to touch 270$ once again🌳EGLD Has Done a Massive Correction! But It Seems To be Recovering From That! As You Can See The Price Has Created a Good Double Bottom Pattern. This Means When The Break out Happens, The Price Can Increase as Much as The Measured Price Movement (AB=CD which in This Case Is as Much as the Length Between The Bottom & the Top of a Bottom!) So This Means that EGLD is able to Reach 270$ Once again. But No Confirmation yet cause There is no Break out. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
10
I see EGLD bullish vs BTC! Let's GO!We have strong buying signals on 5 and 9 days time frames. MACD is a big buy on EGLD/usdt and more, on EGLD/BTC. ELROND has strong fundamentals with lot's of good news. The team is one of the few that are delivering all that was promissed and much more. The BTC dominance graph is still in the same downtrend and not giving a sign of rebound. I believe in a new bull wave for BTC (wich is possible to see soon) and that some of the Altcoins will have much ample move than BTC and ETH . I believe EGLD is one pf them. CHEERS GUYS! This is NOT a financial advise!!! It's just my opinion. Take care of your hard made money!!!
Long
by Bogdan_TOMOIAGA
2
EGLD Showing Strength Amidst General Market WeaknessBeen looking for a trade to the upside in names that showed signs of resiliency amidst the general market weakness. BINANCE:OGNUSDT and BINANCE:WAVESUSDT have been two trades I have entered prior with the same thesis. EGLD looks like the next one to find support. I personally view the market playing capital rotation for now and if anything is outperforming everybody is going to chase that as the options to trade long is very limited at the moment. Looking for near-term, upside at around $205 to $235. Stops below $120. Anybody looking at this and seeing the same?
Long
by OxNavamin