EGLD 12h Super growth, what's next?The last time we published an idea and described the EGLD coin 1.5 months ago. The idea worked and a correction took place from $ 30 to $ 20.
And now the content shock: during this time, EGLDUSDT has risen in price by 1000% or x10
The top bar at the moment is $287
In the coming days, it will be decided whether the price will go there or not.
After all, if the move is delayed and the movement begins to weaken and falling below $137 , there will be a possibility that the price of EGLDUSD will fall significantly lower.
The liquidity levels below are $ 70 and $ 35.
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Egldusd
$EGLD - more DeFi, more pumpElrond a fundamentally brilliant DeFi with a great team behind it has only kept rising since its launch
Extremely low fees, insanse transaction speeds and capability with the addtions of decentralised finance and fintech its a good look
On the TA side, we have some form of bull flag/ trend-line being broke, once flipped new ATH's should be formed
As long as BTC continues above 34.5K this should be more than good for new ATH's
Also the ETHBTC chart is now in the upper range which means Alt's should have that extra power
EGLD, a coin that went under your nose.William Delbert Gann has said: "The future will be a repetition of the past", a quote that is in direct contradiction to the famous repeated phrase "Past performance is no guarantee of future results". Every serious trader has his own mindset and personality. Following the Myers–Briggs Type Indicator a person is either a strong judging character or a strong prospecting one. Both have their advantages and disadvantages. It is obvious Gann was the latter. If we take a look at the breakouts downwards with EGLD, draw a trendline towards the top, flip them 90 degrees, we see that the market is reacting to them. Could it be so simple? It is a direct contradiction to what every seasoned trader would say in crypto."Extremely volatile and unpredictable! Whales have rigged the game! Pump and dump scheme! Everyone is a genius in a bull-market!" It is up for you decide what you believe in. I believe that, the more we know, the more we know what we don't know. But we can make well-informed guesses and see what sticks with our personality and our wallet. EGLD seems to stay here for the long run. I would not be surprised if the price hits 400+ usd in 5 years.
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is.
Wandering where this will go now?
Theres not really anything to fib off here, so maybe psychological $150?
A retrace to $101 or $91 does look likely to me in the near future...
EGLD TradeThere is the possibility of making a trade on the break of the maximums of this analysis, the stop at -30 / -35% around $ 35 which given the quality of the movement in progress can bring an r / r higher than 1/3 , time to keep the trade open 1/2 months, because it is riskier than the others, I entered at $ 38, in case you can expect a small retracement to $ 49, but since we are buying strength here, it is worth staying up that and do not go to buy weakness in the downside ....
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Elrond EGLD to 84$ at exactly 8pm tonight. I'am Nostradamus.If this happen exactly at 8pm tonight my Maiar HeroTag is gonna be NOSTRADAMUS ahahaha.
This is a possible pattern, the bulls are strongly in control of the Egold.
For sure if BTC drop tonight Elrond might follow cos his RSI is overbought.. but gold is gold.. and Elrond is pure Gold !
The compression of the ema ribbon let me think that a short term push is pretty possible.
Also we have a double bottom on the 1h chart at 65.76$ and on the 3hour at 67$.
I will give you some update soon.
Is Elrond the STRONGEST Crypto Project?Elron is still very early - it just crossed the 1 Billion Dollar market cap.
Ridiculous low transfer fees, extremely fast and reliable, the project with the most active development in the crypto space.
In development: Full interoperability with 5 networks, oracles with Chainlink and Band protocol + aggregating pool for CEX and DEX with Orion Protocol, Binance Leverages the Elrond Blockchain for Fast & Inexpensive BUSD Stablecoin Transfers , they are launching Maiar app today as well.
Most important:
I see most of the crypto projects failing and most of them will fail, because they are being run by developers who aren't very business savvy. They lack the skills to develop the startup into a scaling platform.
Elrond CEO is Beniamin Mincu and if you've seen any interviews with him, you'll know what I'm talking about in contrast to other crypto projects.
Short term target: $110-$170
Near term target: $220-$290
Midterm terget: $440-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
Elrond EGLD upside potential for Wave 3 at 151.94$Elrond is without a doubt on the rise and for good reasons.
The new Egold a top prospect in the crypto world. Maiar wallet is coming soon and
Elrond and Binance Smart Chain Integration will enable Strategic DeFi Interoperability.
Thus, Elrond can process upwards of 15,000 transactions per second ( TPS ), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Here a some technical key aspects to be bullish on Elrond :
-Current Supply : only 16 768 545 EGLD
-Total Supply will be : 21 074 792 EGLD
-Total Delegated stacking : 7 millions EGLD for 340 millions dollars
-Total Validators stacking : 6.2 millions EGLD for 300 millions dollars
Elliott Wave Analysis.
Potential Main Wave 3 fibonnaci targets
-71.52$ (161.8%)
-111.73$ (261.8%)
-151.77$ (361.8%)
Current support on D for EGLD
-EMA Ribbon between 38$ and 30$
-MA21 at 38.21$
-MA7+9 at 40 .81$ and 41.45$
I will post many follow up on Elrond every week, stay tuned!
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Leave a comment, or ask a question.. i'll do my best to answer you.
Best to you !
EGLD/USD - Cooldown to $40 then $65!EGLD is very bullish with great gains these past two days, however, right now we are under resistance which pushed us lower. As you can see we've formed an ascending channel that will take us higher if it holds.
I expect us to cooldown a bit, maybe touch the low $40 price levels and then push higher. If we fall to support, that will be a good opportunity to enter.
The indicators on daily are bullish and RSI is looking a bit interesting as we formed a bearish divergence, but this can be invalidated if price maintains it's upwards momentum. Volume on this last breakout looks solid, so I am not too concerned.
Bias is bullish, but wait for this correction to end as it's unlikely we push higher in the immediate future. The Fib 161% level has acted as resistance and is pushing us lower now.
Like and follow if you liked this idea!
$EGLDUSD - ABCD pattern and Fibo levelsHello everyone!
Elrond is still in correction and the December 28 candle has closed at 0.618 Fibo level of the December 22 drop.
That means that Elrond may continue downwards if doesn't close above 26.374.
Whether it looks that December 27 uptrend contains an impulse the wave formation is yet to confirm the bullish price action.
Currently EGLDUSD is above the wedge and will proceed upwards, pattern to watch here is ABCD.
If the pair remains above the 25.260 support, the bullish will continue
EGLD LONG 20201228EGLD EGLDUSD EGLDUSDT
Trade close manually when: the above ribbons turns Yellow or better Red.
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.
✳️EGLD/USDT Analysis (7/11) #EGLD $EGLDEGLD, after breaking out of the Round Bottom pattern, has risen sharply and the target of this pattern is at 23-24$
The nearest support area that we can consider buying is the 16-17$ zone, if EGLD loses this zone, EGLD will fall into a downtrend and will dump hard in this December.
📈BUY
-Buy: 16-17$ if A.SL if B
📉SELL
-Sell: 23-24$$ if B.SL if A
♻️BACK-UP
-Sell: 16-17$ if B.SL if A
-Buy: 12.5-13.5$ if A.SL if B
-Sell: 12.5-13.5$ if B.SL if A
-Buy: 8.5-9.5$ if A.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Elrond 12h. Exchange of 1000 ERD for 1 eGLD and a new chartIn 2019, the Elrond project was launched as a result of IEO under the patronage of Binance, although then the IEO hype (like ICO) could not stay afloat for a long time.
In early September, the Elrond Mainnet token swap began.
As a result of the denomination, 1000 ERD is changed to 1 eGLD.
At the time of the swap launch, the cost of 1ERD was nearly $0.026-0.027 , that is, taking into account the denomination $26-27.
Then 3 months there was a formation of a U similar pattern with a bottom $6.
Now the price is approaching again to the level of $27.4 and there is a very high chance of starting a correction to the range $15-16.
Above there are two more levels of $31.30 and $34.85 and we highly doubt that the price will go higher without a major correction.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
✳️EGLD/USDT (7/11) #EGLD $EGLD #EGLDUSDTEGLD is in strong buying pressure and has also broken through the resistance zone at 8$, and the heading target is the 10$ zone. There will be a significant selling force that could cause the EDLD to return to the 8$ zone and then rise sharply to break the 10$ zone to move up to the 14$ zone
📈BUY- LONG Strategy
- Buy close to 7.5-8$, stoploss if B
📉SELL-SHORT Strategy
- Sell close to 10-10.5$ if B, stoploss if A
- Sell close to 14-14.5$ if B, stoploss if A
♻️BACK-UP Plan
- Sell close to 7.5-8$ if B, stoploss if A
- Buy close to 5-5.5$ if A, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
EGLD/USDT It has good growth potential !!Hi every one
EGLD / TETHERUS
chart is speaking it self!!
AB=CD
As you can see, the price has broken the Ascending triangle and that is a very good thing. The price can increase up to the set target.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
EGLD another bullish wave ?EGLD / USDT
Price after recent bullish moves
Start to Consolidate in top forming a flag pattern
And turned previous resistance into support
As long as price hold new support in chart
and didn't close by daily candel below
there is a Potential new bullish wave
with new targets 15.55$ - 17.7$ - 20$
Note : this is not a buy signal from current price
Just reading chart for those still hold or bought a little below
Good luck and happy trading 🌹