Egldusdt
Elliot waves on ELROND\USD pairOn the 2-week chart, we can see that the bullish cycles repeat for 9 bars (126 days),
and that the bearish cycles repeat for 6 bars (84 days) (approximate values).
If we trace the Elliot waves, we can identify that we are on wave 5.
If the bull cycle takes place at the same periodicity, we can assume that the price will reach U$ 496 at the end of November.
And a possible corrective wave ABC could form by the end of February.
EGLDUSDT Elrond will launch Maiar DEX in November!
The project was reassessed, it turned out that the $ 300 token
is just the beginning of the race among the main ecosystems.
Next fixing levels after ATH breakage are round numbers only:
350,400,450,500..
Partly fixing always preferable.
BINANCE:EGLDUSDT
OKEX:EGLDUSDT
EGLD on track!!So far it's been following my previous analysis below to a tee. We will retest 270-280 zone (previous ATH resistance turned support) and then blast of to new ATH once it crosses $300 psychological level.
Maiar Dex is launching in November. This is the fuel this rocket needed for blast off.
EGLD getting closer to breakoutEGLD getting closer to a breakout
Almost 2 month long base
Making Lower highs for sometime now
EGLD/USDT analysis in time frame 4hThe price was able to cross the triangle formed in the 4-hour time frame and get out of the triangle ceiling.
Now I'm waiting for a pullback.
In my opinion, the price can be supported at two specific points and climb to its historical ceiling.
The lower support range is more powerful.
I myself will wait for the stochRSI 14 to reach the floor range and then buy within the specified ranges.
EGLD: target 1250$ (0.886 FIB LEVEL)In my previous idea about schiff pitchforks i estimated 1150$ using FIB retracements.
This idea uses FIB extensions in logarithmic fashion, as well as axis. In this way, no more 6.618 madness shows there.
I added 0.886 which represents the price level derived from the golden ratio (0.618 x 0.618=0.786, 0.786 x 0.786 = 0.886). You can see that was the target in the previous run... right?
Between 30 Nov and Feb 2022 is my bet.
Let me know what you think, now that MAIAR DEX is about to happen.
$EGLD $1000 by the EOY? 🤔So, I ended up doing another realistic projection for one of my favorite projects Elrond Gold. The possibilities are endless with this project.
However, with that being said I think the most realistic price prediction for EGLD for the end of this bull run is $800 - $1,200.
Why? Well First off let’s start off with what the Andrew pitchfork model is telling us.
You have the outer blue areas of the model that are area’s that aren’t impossible to reach but somewhat unlikely,
that same sentiment is vice versa with the inner median channels (yellow and green).
The bright green flag represents the best scenario as far as price for by the end of the bull run, if it ends in mid-December.
The yellow represents a conservative scenario, and the red represents the worst-case scenario.
The best-case scenario for $EGLD within Andrews' Pitchfork Model is that for $EGLD before the bull run is over,
is that it peaks right within the yellow channel where the yellow flag is or outside of that where the green channel is.
This again, put EGLD around $800- -$1,200. This is the most likely scenario to play out because it seems as though EGLD right now is trading inside of an ascending channel.
That Channel runs right in line with the yellow flag as well as the yellow channel and the small outer green channel.
The expectation is EGLD to continue to climb.
Get this money, remember to take profits, and have an exit strategy!
EGLDUSDT Technical Analysis⏳ Spot
💎 EGLDUSDT has formed a descending triangle and has been moving along the descending channel. It has broken above the triangle and the channel. I expect that it continues to go higher after the retest.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 235.00
☕️ TP1 243.00
🍺 TP2 252.00
🍻 TP3 270.00
🍾 TP4 290.00
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 220.00
Good Luck 🎲
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#ELROND #EGLD DAILY ANALYSIS#ELROND #EGLD DAILY ANALYSIS
Considering the channels drawn for EFLD as well as the use of Andrew's pitchfork, one can expect price growth. Two entry strategies are suggested. One step entry from the current price to $ 184 with a stoploss of $ 150 and the other entry in case of resistance breakdown of $ 270 with a loss limit stabilized below the last price floor created before 270.
TARGETS:
1- 440$
2- 520$
3- 630$
TIME: 1-3 M