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EGLD

EGLDUSD - Finishing the 3rd waveHi and welcome back to my analysis channel. It's been a while since I posted my last trading idea and I would like to sart with EGLD since the chart says to us that we should close some positions because wave III is ending its formation soon. The next step is wave IV that will make a correction in the range between 130-160, after which we will be able to enter the 5th wave rally to gain bigger profits. -------------------------------------------------------------------------------------- The wave V has 2 ways of growth. First one reaches the 200 dollars resistance level, since according to Elliott Waves Theory, the extension in 3rd wave determine approximately the same size of waves 1 and 5 The alternative count says that wave V could reach 1.618 of w3, which is less probable. I think in this case we should follow some fundamentals in order to see if the EGLD has a basis strong enough to break some key levels and to grow bigger than the perfectly formed 3rd wave. Thus the clearer image will be available at the start of that 5th wave -------------------------------------------------------------------------------------- I would also like to notice that the purple arrows you see where a prediction made by me without publishing it here. This is a good example of how useful can Elliott Waves Theory(EWT) be in predicting market moves. Good luck in your trading / investment decisions guys. Like / comment / share to support my ideas if you like them stay tuned ;)
BITFINEX:EGLDUSD
by wescapist
2
$EGLDUSDT UPDATE!!!!Hi Traders, $EGLD looking very bullish still even though we have been seeing consolidation across the market. We have two support zones/order blocks where liquidity can been captured to take prices higher again. It all depends on how well $BTC holds its levels. Go to our last $BTC to reference levels it needs to hold to push prices higher. Thanks MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
by Market-Snipers
1
EGLD/USDT Road to ?Voici ce que je pense concernant BINANCE:EGLDUSDT . TP Long therme à 1338$ dans la zone entre 833$ (2.618) et 1726$ (3.618) pour ensuite avoir un retracement au niveau des 4.618 (568$) de l'ancien cercle fibonacci. Attention sur ce bull run crypto car les cycles pourraient s'essouffler donc gardez une infime partie de vos positions. Et vous que pensez-vous ? -------------------------------------------------------------------- Here is what I think regarding BINANCE:EGLDUSDT . TP Long therme at $ 1338 in the area between $ 833 (2.618) and $ 1726 (3.618) to then have a retracement at the level of 4.618 ($ 568) of the old fibonacci circle. Be careful on this crypto bull run because the cycles could run out of steam so keep a tiny part of your positions. And you what do you think?
BINANCE:EGLDUSDLong
by Sparerdn
Are we at a high for EGLD?Hey all, here is a quick analysis on EGLD / Elrond I'm looking into for a friend (Hi Johnny!). The descending wedge has broken on this daily chart indicating a (confirmed) move upward. We've been climbing consistently ever since the breakout however daily MACD indicates bulls are loosing control and we'll soon experience bearish price action. RSI indicator is overbought, this could indicate a short term reversal in price action on the daily scale. I would expect a dip in price over the next several days. Prices will still likely trace the macro crypto currency environment to some degree but this asset is likely to loose some traction when compared to other similar chains such as Stellar, Solana, and Cardano. Its not clear how far along they are on their development roadmap, but they have source code right on their home page which is a big plus in my book. This asset could surprise you but will have difficulty keeping up with other similar assets that have already taken over a large portion of the market share. Over the last few days the price seems to have reached a top and is showing signs of a reversal already. This is contrary to the fact the 200 day MA is sloping up to (hopefully) intersect the 50 day moving average. This "golden cross" would be a highly bullish signal indicating we are only roughly half way through this move upwards. EGLD or Elrond has a market cap of $2.7 million and ranks #48 in terms of overall market cap. If I were holding a large amount I would want to know more about the dev team, how many projects the chain has, and how mature it really is. Does it work, or is it just vaporware wrapped in an ERC20 token? It's hard to tell sometimes.... when in doubt though, follow the money. coinmarketcap.com is a great way to see which assets in the space are receiving the most attention. Best wishes and happy trading! p.s. I am not a financial advisor and do not give financial advice.
E
by BottomZen
🔥 EGLD Bullish Price Action: UpdateOver two weeks ago I made an analysis on the inverse head & shoulders pattern that I spotted on the EGLD chart. In today's analysis, I'd like to discuss the upcoming potential moves from this coin. With BTC currently trading sideways, it's to be expected that EGLD will follow this pattern. I've marked the area between $120 and $150 as the most likely area where this sideways movement will occur since it's between big supports and resistances. On the other hand, a break-out above $150, combined with an upward move from BTC could lead to a new bullish push towards $200, which is also the first main resistance the price will encounter in the near future. Happy trading!
Long
by FieryTrading
9