EGLD UPDATE EGLD has been on watchlist for a minute now and is seriously now testing trend line resistance. We are looking for a big week for this beast.
Egldusd
ELROND (EGLD) LONGS 📉📉📉📉 Expecting bullish price action on EGLD as price find its support area somewhere around 130-140 area as we can clearly see price has not move below the previous low. We also have a bullish bos on the D1 meaning the price has shifted the market strucutre from bearish into bullish and right now we could expect higher prices BUT only after price will retrace back to fill the D1 imbalance.
What do you think ? Comment below..
Elrond EGLD above volume support - W-shape pattern in sight?Elrond EGLD above volume support - W-shape pattern in sight?
Therefore a confirmed breakout above $200 would be necessary.
Breakout target would be $380 at FIB golden pocket.
Bearish scenario when huge volume support at $141 would be broken significant.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
EGLD - My current long term hold. This chart is for observation purposes only and I just wanted to share it with everyone. Elrond, Egld is one of my long term holds. I plan on accumulating as much as possible before breaking triple digits.
ATH and price action has been already mapped out letting us know where everyone likes to buy & sell. With the past price history we can plot out when to take profit and when to DCA back in.
The ATH market cap of Egld is around 11billion and it is currently sitting at a 3 billion market cap as of today, with that being said, it could possibly do another 3-4x.
Play this trade as you will, this is not financial advice and always do your own research.
My take profits are in orange and supports are in green.
#EGLDThe falling might be over here.
As RSI is printing RSI is showing bullish divergence.
Send it $350
MIDTERM SETUP ON EGLD...!
This might be amazing setup on EGLD after breaking that trend. Make sure to add stop limit.( mandatory )
Elrond (Low risk Long)EGLD Has been trading inside an Ascending channel for the past year. Currently we are in the bottom in the channel and above a strong support. Also, we see A Double bottom price Action. This zone looks good for An low-Leveraged Low risk Long position.
$EGLD $BTC
possible scenarios for EGLDwe saw a huge volume on EGLD on our volume screener and we were wondering if we can see a rise in the price. although it may end up being a pump and dump.
what do you guys think?
[UPDATE EGLD] Send it! 900-1300$ top within July?Updating my inverse lengthening price model with decreasing returns
Are they likely to fall in the $ 65-110 range?As long as BTC is not out of the downtrend and will continue to fall, then the EGLD has a very good chance of breaking the $115 level and entering the $65-110 range.
This isn't investment advice!
Where will EGLD find the bottom?If BTC continues downward channel to 30K maybe even lower, then EGLD will surely reach one of the levels we indicated in green.
This isn't an investment advice!
EGLD Falling Wedge Has a higher probability of breaking up rather than down. If trading this idea its usually best to wait for confirmation (close) above or below the pattern to take a position.
No targets provided. Do your own research.
EGLDUSDT - 1D - Long Signal💡💡#SIGNAL 💡💡
EGLD / USDT
Buy in two bloock
(201.8 - 203.8)
(191.5 - 195.9)
SLT trigger 1D
EGLDUSDT_1D_12012022
Elrond EGLDBTC - Huge Falling Wedge + Elliott Wave Diagonal- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!
EGLDUSD is holding its 1W MA50. Bottom formation possible.Elrond, a crowd favorite among crypto traders, hit last week its 1W MA50 (blue trend-line) and so far on the current 1W candle is holding it. This makes it a Support, in fact it has been the long-term Support since the May - June 2020 bullish break-out.
As you see on this weekly time-frame, using the help of the Sine Waves to better illustrate EGLD's cyclical phases, when the price hits the 1W MA50 it forms a Support, consolidates for around a month and then starts a strong parabolic rally. The previous corrections have both been around -80% and even though the current is just short of -70%, we have to watch the 1W MA50 closely for a potential bottom formation this month into February.
Our next Target is the 5.0 Fibonacci extension level at $765.00. A break above the Higher Highs trend-line during the next rally phase, would place the target even higher within Fib 5.0 and Fib 6.0.
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EGLD - ELRONDElrond 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.
EGLD is a project that I like, it delivers and especially, I like the price chart. :)
Short EGLDKey levels & supply and demand zone:
0,001923 - 0,002260
0,003722 - 0,003965
0,004865 - 0,005277
Notes:
0,003722 - 0,003965 I expect the price to drop to this area before making a rally back to ATH. If it breaks lower, it will go to the lower supply and demand zone.
EGLD PredictionIf something like this happened(Green or Orange), it can be a perfect opportunity to open a long position. we should make sure we have a good reversal pattern or bullish candle in lower time frames.
If the price reached to the TP1, you can change the SL to entry point.
Key Levels to watch of EGLD (Elrond Gold) We're in a buy area. These are the key levels of Elrond in a Weekly chart.
$540 ATH
$430 Highest Close Ever
$268 Support and resistance
$235 Support and resistance
$188 Support and resistance. Fibonacci retracement is currently at 100% at this level, the price will most likely reverse from this area.
$141 - 150 Supply and demand zone
$65 - 88 Supply and demand zone
Notes:
* Price tends to bounce at these levels. If one level breaks, the price will go to the next level whether it's above or under it depending on the direction of the break.
* Pay attention to BTC price as well cause everything is correlated in the short term. BTC analysis is coming up soon.
* Continue Dollar Cost Averaging anywhere near the key levels
