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Egldusdt

$EGLDLeading up to November 19th, EGLD’s price was around $300. However, last Friday, this changed drastically, and the token charted a new all-time high of around $492 today. One of the main reasons behind the price expansion might have been the $1.29 billion liquidity incentive program, which Elrond introduced on Friday. The initiative aims to “supercharge” the upcoming launch of the platform’s native decentralized exchange – Maiar. The DEX will use its utility and governance token – MEX – to transfer the funding. $282 million of the total amount will be distributed in the first month to those users of the trading venue who provide liquidity in EGLD, MEX, and USDC. EGLD is probably one of my biggest holdings. It had a clean break of its ascending triangle on the daily and continued strong. Price closed on a bearish shooting star which could confirm that’s it for a little while. We could expect price to pullback from being overbought before a continuation up. Overall. I’m long term bullish. Keep this on your watchlist. - Factor Four
ELong
by TheBlankFund
The Internet Scale Blockchain by Elrond(EGLDUSDT analysis)📉📈 ✅What 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 $0.001 transaction cost. coinmarketcap- elrond.com ------------------------------------------------------------------------------------------------------------------ 📉📈TECHNICAL ANALYSIS As you can see in the weekly time frame for EGLD/USDT, the price is trading around 241$ right now. With the fall of bitcoin in May2021 , it dropped to about $ 55, but the interesting fact is that it was able to recover very well and grow to around $ 300 with a staggering 600% growth. It has now fallen slightly below its local resistance around 250-260. In these complex market conditions for the crypto market and btc today , it is not clear whether it will grow now or not. If a strong weekly candlestick closes above the resistance, it may. But as the figure shows, it may need a little price correction and then start to grow. Now it can go down to the green boxes that act as support. The rest of the points are clear in the chart or in case of ambiguity, leave a comment at the bottom. -------------------------------------------------------------------------------------------------------------------- -(tips - 💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.) 💥(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) . -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your research. 💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭 🙏with Best Regards
Long
by PRO_SMART_Trader
EGLDUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: 240-255 target: 320 - 360 - 400 after first target reached move ur stop to breakeven stop: ~189(depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 2.5 Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Will be very APPRECIATE FOR UR DONAT/coins :) Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
1
EGLDUSDT , Broken upward channelHello guys Whats up ? did you follow us and be patient to our team publish anay chart or not ? :D :D Everything is shown on chart is nothing to explain but i will tell you some point for taking position The price broke the upper trendline of the channel and had pullback to it and now we shown 2 target on chart , when the price can break and move up the first Tp you can be ready to have position in the way and when it pullback to the broken zone and wait until the second Tp reach Dont forget use stop loss and use money management and first take signal like ... then take in position Good Luck Abtin
Long
by Abtin00
4