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Egldusd

Potential trend reversal on the Dollar can affect the EGold ?Hi everyone, As discussed yesterday in the email sent to my members there was this possibility of seeing the EGLD pull back slightly to lower the bottom of its wave 2. From now on through my analyzes I will include a follow up on the S&P 500 (SPX) and the Nasdaq and the DXY ( USD) because several correlations exist between these indices. I didn't like the recent tweet of Elon Musk saying "nobody is enough stupid to buy the dollar)... market makers were waiting for that one.... Elon should focus a little more on produce it's own cars in time. S&P 500 (SPX) - Dollar (DXY) and Nasdaq (IXIC) Right now we have some indications that the SPX is looking to pull back.. since the we had a spinning top on the daily close feb 16th. The DXY has already marked a double bottom on the weekly and monthly chart and currently seems to be tracing what could be wave 2 of a new streak of 5 impulsives. We gonna have to watch the dollar.. if the dollar is reversing, Bitcoin will make a pullback. SPX : A spinning top candle closed on the daily chart Feb 16th.. we are on a correction (pullback). No indications for now that we are reversing yet. Nasdaq : No real indications that the market will pull back significantly for now. Seems to be a normal (small pullback) DXY : Still in a corrective phase, but we mark a double bottom on the W chart and the M chart. The USD is creating a W2 on what it could be a new 5 impulsive waves. Current situation on the EGold: Market makers put the EGLD under the MA21, the question is, is it temporary? I will have to go a little deeper today, this DXY double bottom of the dollar is definitely something we need to focus on and I will analyze this more in detail today.
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by Crypto_Mercy
5
Weekly close, a good signs for ElrondBased on the last weekly close and the Takuri candle signals are looking pretty good for Elrond. We have a double bottom accompanied by a takuri with a closing of the body slightly higher than the last one. Also i really like we took our time on this one, Elrond is showing healthy signs by waiting for it's own Daily MA 21 (dynamic support) is now at 135.52$ which is pretty awesome... this is a pretty good news for the Hodlers or the Stackers. Also keep in mind that Elrond Team is coming with Maiar stacking DEFI, Decentralized Exchange, DEFI 2.0 module and name service. Iuga Mihai also published on twitter yesterday and wrote : Years of creative effort are about to come live on the Elrond Mainnet in just a few short week. Smart contracts, stacking, DEFI 2.0m ESDTs and NFTs will soon become accessible to a large group of people. Hypergrowth DAY 47 Here are some Take Profits: -TP1 ZONE = 173$ - 176$ -TP2 ZONE = 202$ - 209$ -TP3 ZONE = 242$ - 261 -TP4 ZONE= 274 - 279$ -TP5 ZONE = 304 - 315$ -TP6 ZONE = 344$ - 374$ Resistance to beat now : 145$ -10H MA21 148$ - 12H MA21 149$ - 4H MA100 151$- 2D MA9 155$- 3H MA100 If you want me to post update, leave a comment and i really appreciate CHEERS, it's helping me a lot. Best to you and thank you!
ELong
by Crypto_Mercy
4
Elrond EGLD Prepare For SellOfFThe crypto market is living its last bubble days. The prices do not reflect any fundamentals. Cryptos are pure retail investments gambling at this point. Elrond EGLD Fully Diluted Market Cap $4,374,613,654 vs Biggest German Bank, Deutsche Bank 23.864B Market Cap Moderna - saves the world from Covid-19 - 69.146B Market Cap Ebay - Market Cap 42.174B FORD - 42.174B MARKET CAP When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends. When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing. If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Short
by BuySellMarketMaker
6
EGLDUSDT (EGLD) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - EGLDUSDT printed a bullish flag pattern. - Price brokeout above the bullish flag resistance and had a retest. - Price action is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
2
Potential breakout in preparation for ElrondHello everyone, potential breakout in preparation for Elrond, please take a look a my chart. The pole give me a potential Target og 197$.. if breakout occur my red line and the Gold line (fibonnaci Golden at 171$) 0.618% would be 2 great zone to take profit. Bullish scenario in preparation? We have a huge Spinning top in formation on the daily.. if it close like this in 48 minutes this will be our reversal confirmation to the upside.. i will post this candle (spinning top) under. Have a great night now.
ELong
by Crypto_Mercy
12
Elrond Important weekly candle close to comeHi everyone, One of my members was asking what are the signs of a reversal or a real confirmation that Elrond will go lower... or a real confirmation of trend change. If EGLD close like this in 4 days on the weekly chart, this will be a real confirmation of trend change. Currently this formation is showing no new high, a double top, and a new low.. All those combinations will send a clear RED signal that the next Monthly close will create a bearish Shooting Star. What are we looking or expecting to have to say that this was a positive weekly for Elrond? 1- A close of EGLD at 140$ will confirm a double bottom which is good. 2- If EGLD is making a new high. What happen if we have a bearish close with a double top.. or no new high... Without a doubt i will take my profits and wait to buy lower aroud 85$ or 45$ Best to you!
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by Crypto_Mercy
5
EGLD Elrond to 786$ in Wave 3 why?I know you think this is a joke, but who tought Bitcoin will had been to 1175$ in 2013$ and 234 days before the Bitcoin price was 269.20$. Just take a quick look at what happen to Bitcoin in 2013.. EGLD and BTC are very similar. Yeah i know the EGLDUSD can retrace lower on Wave 2 but the Golden Fib is a strong retracement...and we touch it with a very strong support yesterday night. We ain't seen nothing with Elrond yet with Elrond and this is just the beginning. Let's pretend wave 2 is over and that our retracement yesterday was the bottom of W2.. (which is possible technically) this scenario will be a pretty realistic one for the next 5 impulsives. My 2 top targets will be 596.51$ and 786.424$. For sure it's too early to predict wave 4 and 5 but what iam showing what would be the most probable retracement zone in green. Thanks for watching, and if you have any questions or comment it will be a pleasure to respond. Best to you !
ELong
by Crypto_Mercy
26
EGLD inside an ascending triangle Hi everyone, my members received an alert yesterday before the bearish candle close happen (Weekly Shooting Star), also i gave them all the fibonnaci buying entries... i received a lot of message ...like Wow you nailed it, Damn you are my god.. how did you knew? There is many factors in this industry that you can combine and consider like BTC dominance reversal, RSI, MA's, Candle close and more. Happy to see that a lot of people were able to accumulate yesterday night, it was just spectacular... and the price fall right on the Golden Fib. For now it look like short term that we might go around 168$ with this ascending triangle. Best to you ! Visit my website brand new website and don't hesitate to send me comments or things that i should offert to help you Nail all this :-) Cheers!
ELong
by Crypto_Mercy
ELROND EGLD preparing to hit $300 ?reasons: 1. candle hit the 50 SMA line. 4H MACD just landed to nearly zero level. descending volume. cooling down almost over? 2. hoping to see double bottom pattern, or a bullish descending triangle pattern. 3. fundamentally still on hyper active development & partnership going on. Staking on MAIAR app is not even live yet. DYOR -- !! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol. just documenting my own reasons of my investment & trading.
BITFINEX:EGLDUSDLong
by rafiirfan
2