EGLD
Fundamentalist analysis EGLDUSDTFundamentally, Elrond offers a mix of traditional finance and decentralized finance to its users and is therefore accessible to all. Financially surviving the FTX crash I believe EGLD is among the top 20 most promising coins on the market.
It's a whole defi ecosystem and developers can use the blockchain to develop Dapps and Egld, the native token, was created to rival bitcoin as a store of value.
The two core features that distinguish Elrond from other Tiers 1 are its adaptive state sharding and the Secure Proof of Stake (SPoS) consensus mechanism.
Elrond is a huge network and it continues to grow. The biggest project currently found on the network is Maiar. Maiar is a digital wallet and global payments app. Makes it easy to buy and transfer crypto from a mobile phone or Google Chrome extension.
Technically already, EGLDUSDT has been in a strong downtrend, its price has broken below major supports. Buyers need to stay in control to give bullish momentum from here.
$EGLD/USDT 12h (#Bybit) Symmetrical triangle breakdown & retestElrond eGold is pulling back up towards 100EMA resistance where it's likely to be rejected.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%
Current Price:
57.10
Entry Zone:
57.10 - 60.30
Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70
Stop Targets:
1) 65.70
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months
Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx
Websites: elrond.com maiar.exchange
[SHORT] rising wedge on EGLDRising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance.
We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge.
trigger:$60
entry1: $60
entry2: bellow wedge
target1: $53,45
target2: $50,50
SL: $62,55
Will not rush on this trade, this week price action is beyond technicals.
[UPDATE UTK] A lot of alts are going to do this in November?UTK move:
1) as soon as we cross 0.15 --> 0.20 is fast in my opinions
2) my gut tells me 0.20 is going to be easy, so the next natural target is 0.24
3) we can have a deviation on the upside up to 0.32 if BTC behaves in November
This is true for UTK and for many other alts.
EGLD / USDT Price Prediction and technical analysisAre any EGLD fans here?
Elrond is supposed to brake the bullish ascending triangle in 4hr chart. Did you notice that?
you can enter and can put stop loss below support line.
Don't forget to comment and look at my Trust wallet analysis also.
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EGLD/USDT - LONG SCALPING⚡️⚡️ EGLD/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (10.0X)
Entry Orders:
1) 61.84 - 100.0% (1494.996 USDT)
Take-Profit Orders:
1) 62.47 - 35.0%
2) 62.98 - 30.0%
3) 63.5 - 20.0%
4) 63.82 - 10.0%
5) 64.65 - 4.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (2)
Long EGLD
EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost.
Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators.
Breaking volume is two time bigger than the average.
OBV broke its trendline and reverses.
MFI broke also its trendline and reverses.
CMF rose from negative to positive values and this indicates buy pressure is back.
A referenced TPs (blue lines) and SL (red one) are in chart.
Al the best!
[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short. Egld is the best chart of this inflationary bear market:
1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit 100$.
2) Short: short 39$. if we go above 56$, deviate above but don't hold it, the first target is back in the range at 40$. If it goes below 40$ without any fast deviation above, we can hit 22-25$ easily. You can accumulate a big chunk of Egld at 25$ and ride up to 100-150$ in 2023/2024.