Get started

EGLD

[60%] EGLD / USDTWhat 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 $0.001 transaction cost. The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators. Elrond was first announced in August 2019, and its mainnet went live in July 2020.
Long
by HolderYoda
1
Elrond compressed between MA21 and MA50 - Wave 5 nextEGLD is stocked between to MA's, MA50 in yellow at 126.57 and MA21 at 139.485$ The price can play between those 2.. but what i see is a potential breakout for wave 5 at the en of the triangle March 22th or 23rd. I will post possible targets for W5 in the bottom. ELROND EGLD/BUSD WHAT CANDLES ARE SAYING : 4 hour : Upside, spinning top with a close higher than the opening. Daily: Upside (reversal) (Spinning top green (confirmed a double bottom) Weekly: downside last confirmation was a double top *resume : Elrond is in accumulation mode. Pattern in formation is a M inside a Triangle, Neckline is receving support. Price is compressed and stock between supported MA 50 and resistance MA 21. MA 7 and MA 9 are also resistance PRICE RANGE TO EXPECT NOW : Between 126.60$ and 139.52$ Please note : MA50 is currently a strong dynamic support at 126.60$ --------------------------------------------------------------------- BTC DOMINANCE : Currently at 60.77% is falling since beginning of january but BTC DOMINANCE is rising since March 7th and found a bottom. BTC.D is picking up a bit which make it more difficult for Altcoins, Watch BTC dominance on Coinmarket cap (3rd chart in the bottom) : --------------------------------------------------------------------- Bitcoin : Daily: Last confirmation was double bottom at 55600$ Weekly: Last confirmation was bullish with a double bottom at 45190$ PRICE RANGE TO EXPECT NOW : Between 57150$ and 52573$ PLEASE NOTE DAILY MA21 is at 52573$ Thanks for encouraging me with CHEER . Peace, best to you !!
ELong
by Crypto_Mercy
1
Elrond is picking up next target 178$Hi everyone. EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart. Most common target for this Wave 3 are : -178.51$ / 161.8% fibonnaci -196.11$ / 200% fibonnaci might play ABCDE : -224.60$ / 261.8% fibonnaci -270.69$ / 361.8% fibonnaci Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$. After that retracement liquidity should be moved to Altcoins. Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$. A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$. Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know. Best to you !
ELong
by Crypto_Mercy
2