ELROND IN A BIG CHANNELDue to the Maiar news and Mex I can see EGLD easily reaches the top of the channel which is in a red box
I want to see it break above channel and go for top10! But Technical analyses doesn't say that!!
Also There are many people in the community Swapping their MEX to more EGLD!!
EGLD
$EGLD, Showing a 1D UCTS buy signal...$EGLD
Showing a 1D UCTS buy signal as its breaking a potential descending trendline (retest already in 🤞)
Aiming to 500k sats and looking for a break of the LH-LL sequence that has been active since September.
Volume not that strong tho but lets see how it evolves
#EGLD
$EGLD, possible bump after retracementAfter having analysed the $EGLD chart pattern and the MA 9-15, we can tell that after the retracement, there might be a long trend following the trendline. In this case is important to see the possible test of the trendline in zone 300 before saying that the theory can be true
BTC Pump to $80,000 + !BTC looks extremely similar to the 21st of September where we predicted a drop to 33,000 but we bounced at 38,000. We may see a similar move here with those predicting we move down to 53,000 but our bounce may be already developing. If we see a similar move here then our RSI is ready for a move up to the $80,000 area. This would mean we consolidate for about a week, then move up to $80,000 in the timespan of about 2-3 weeks. During the time of consolidation we would also see a week of crazy alt price action. NFA Goodluck
EGLD in an upward long term trend against BTC EGLD in an upward long term trend against BTC
It's in a long term upward channel against BTC, in the short term it broke it's downard trend and switched to an uptrend.
With the Maiar launch coming up, watch for it going to the top of this channel and beyond.
trend strength indicator crossing upVery clearly, when in the past the ADX directional trend strength indicator crossed up the level 20, we have a bullish run for ELROND.
The green directional DI indicator needs also to be above that 20 level. The only one time that was a down trend for ADX above 20 was when the green DI indicator was showing a downtrend. Have a look at ADX, an interesting one.
We are apparently doing the same today...going up 20 and green DI showing up trend as well.
If it closes day above, i will give it a try :)
🔥 EGLD Break Out: Fibonacci TargetsAs of today, EGLD has finally broken out of a dynamic resistance line which has been holding since early April of this year. In September the price tried to break out as well, but failed and caused the September correction.
Two targets are based on the 1.618 and 2.00 Fibonacci Extension, $375 and $450 respectively. Be aware that these are longer term targets and might take a while to be reached.
Happy trading!
ALGO BREAKING OUT OF FLAG!VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area
- need to see a 8h - 1 day break out of flag and resistance area
- will want to have a Bollinger band beak
- first take profit @ 1.618 fib extension level
- stop loss placed below area of volatility in current consolidation area
Kadena - The L1 Bull Cycle PerspectiveHi there. Just a quick comparison of Kadena's price in comparison with other L1 blockchains. Only big difference is
- Kadena is actually the only scalable Proof of Work blockchain in the entire industry
- Capable of up to 480k transactions per second with 20 chains
- Kadena is offering actual speed with the security of PoW
- PoW not being a security in the U.S. helps adoption there
- Strong team with proven history in blockchain from JPMorgan and the Sec
- Stuart Haber (co-inventor of blockchain) onboard
- It's not even on major exchanges except from Kucoin and Bittrex
If we look at the Solana it did a 10x from 24 dollars to 250 dollar in about 3 months time. I am convinced Kadena has all the elements needed to do at least a 10 from here. Leaving it (at current MC's) somewhere between AVAX and SHIB ijlst under the TOP 10 in 2-3 months from now.
NO FA. Just Comparison of prices.
Elrond (EGLD) 90% Profit OpportunityElrond (EGLD)
Current Price: 320usd
Buy Zone: 300-325usd
Sell Zone: 575-635usd
What Is Elrond (EGLD)?
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators.
Elrond was first announced in August 2019, and its mainnet went live in July 2020.
Two short possibility on Elrond gold ( EGLD )Technical : We can see a long term rising wedge, it can be break in few days or few weeks, so we can take a short position on binance for example. We can take the first position now because we are at the top of the rising wedge and we have test the upper resistance, but it is a little be risky. And we can take the second position when the rising wedge gonna be break by the bottom, it can be happen between the 15 November and the 15 December maybe. This second short position is relatively more safe than the first one. The RSI may also be forming a double top ( M ) at a key resistance ( 70 ). Volume are also descending.
Fundamental : The BTC is maybe in a bitcoin season, so in few days or few weeks it can pump. And if BTC pump, most of alt coins can fall. And after that BTC will range a little, then we can have an outperformance of ETH and finally we'll have our Mother's Altseason ; )