EGLD
EGLD ELRONG EGLDUSDT Long Opportunity 20211124Signal: Blue -> Green
Structure Confirmation: Break Through the Resistance Lines
EGLDUSD, EGLDUSDTP, EGLDUSDT, CRYPTO, CRYPTOCURRENCY, ELROND
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Time to enter Elrond: Egld#Elrond is one of those you must not miss.
#egldusdt chart is extremely bullish, and I have marked some midterm tps on the chart. #dyor
But the question is when should you buy this one?
I personally place a buy order at $287 - $292.
However, based on the market mood, we might see lower dips, so I place another buy order at somewhere between $263 - $271.
Don't forget money management. Do not risk more than you can afford to lose.
Good luck.
$EGLDLeading up to November 19th, EGLD’s price was around $300. However, last Friday, this changed drastically, and the token charted a new all-time high of around $492 today.
One of the main reasons behind the price expansion might have been the $1.29 billion liquidity incentive program, which Elrond introduced on Friday. The initiative aims to “supercharge” the upcoming launch of the platform’s native decentralized exchange – Maiar.
The DEX will use its utility and governance token – MEX – to transfer the funding. $282 million of the total amount will be distributed in the first month to those users of the trading venue who provide liquidity in EGLD, MEX, and USDC.
EGLD is probably one of my biggest holdings.
It had a clean break of its ascending triangle on the daily and continued strong.
Price closed on a bearish shooting star which could confirm that’s it for a little while.
We could expect price to pullback from being overbought before a continuation up.
Overall. I’m long term bullish.
Keep this on your watchlist.
- Factor Four
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!!
$EGLD, Showing a 1D UCTS buy signal...$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!