EGLD, I'm expecting a big move, 305 then 460 .. or south 201 ?Only consolidation at my previous ideea, and some more levels.
We are moving in wedges since last ALTS market wake up.
The only worrying reason for me is the EGLD vs BTC graph ( the picture on the right ) witch gives us a new sell signal on MACD on 5 days candles... Let's see...
Big fundamentals ahead and DEX coming live soon...
We could see the TOP diagonal (red line) becoming the next support and launching pad for the candles to come, I would very much like that, and it is possible to see next, or to reconfirm as the ATH top diagonal and to see a new rejection from this line.
This is my personal opinion, not a financial advise!
Take care of your hard made money guys!
CHEERS!!!
Egldusdt
$EGLD MISSION10 Repeat patternThere's a high chance Elrond's EGLD will repeat the same pattern as beginning of 2021. If so, then we would see an uptrend of approximately 70% towards the $423 mark in the next few weeks. With upcoming news towards their Maiar DEX launch and LaunchPad this year, chances are high Elrond is currently loading up for a big leg up.
EGLD 50% Move to Upside Real PossibilityHi Folks,
We are seeing a potential descending triangle on EGLD/BTC chart. If it breaks to the upside, I expect a HUGE move to the upside.
However, there is a possibility of a strong BTC upside continuation, hence the triangle could break downwards.
Not too worried about the Death Cross on the 4hourly, it can quickly turn into a Golden Cross
Before entering any trades, watch for confirmation of break towards either upside or downside. This is not financial advice.
Egldusdt analysisOn 4hr time frame egldusdt pair breakout from the big triangle the breakout is also hanpped on daily time frame.
Now the technical target of egldusdt pair is 380 dollar the 2nd co formation about the target is fib extension also at 380 usd 3rd confirmation is bul flag framed on 4hr time frame thats target also is 380 usdt.
There we have 3 confirmation about the target
1-Triangle breakout target 380
2-bullflag breakout target 380
3-fib target 380
Now the question is when to enter i to trade
Enter on retest ( 254, 258 )
First target: 272 dollar (25% profit booking)
2nd target: 384 dollar (25% profit booking)
3rd target: 310 dollar (25% profit booking)
4th target: 380 dollar (25% profit booking)
Stoploss: 220 dollar level
Tarde with low leverage or buy on spot only 🤩
Can EGLD create a New ATH soon?Hi every one
EGLD / TETHERUS
EGLD has formed an Ascending Triangle which has not been Broken yet! the Price still has a chance to range in this Pattern. The Price can Do a break out soon and when It happens, EGLD can Increase as much as the measured Price movement.(AB=CD) if it happens, we will see EGLD at 340$ which is a new ATH for EGLD.
summery:
-EGLD is in a Bullish pattern( Ascending Triangle)
-No break out yet!
-It's Gonna Increase as much as the measured Price movement (AB=CD)
-Creating a New ATH is possible Right now!
💎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
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.1)In this first video, I'm going to show you why we are 100% in a bull market and why altcoins are going parabolic in October and maybe early november.
It's easy:
- look at the overall structure of the charts
- look at the moving and exponential moving averages daily crossing
- look at the weekly charts
Also, I'm speaking about a new scenario when it comes to the bull market which I called "the DOLLAR scenario". It will be discussed in Pt.2
EGLD will break out soon!Here's a quick Look at EGLD 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 256$
2. 278$
3. 300$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Pronic numbers SOL and EGLDA pronic number is a number which is the product of two consecutive integers, that is, a number of the form n(n + 1). The study of these numbers dates back to Aristotle. They are also called oblong numbers, heteromecic numbers, or rectangular numbers. The first few pronic numbers are: 0, 2, 6, 12, 20, 30, 42, 56, 72, 90, 110, 132, 156, 182, 210, 240, 272, 306, 342, 380, 420, 462 … and so on.
As you can see a lot of cryptocurency prices usally have a resistance/support levels here or they can serve as areas where price might be revolving around a lot, etc...
For example with BTC we know that in 2017 it went close to 20K top then crashed to 12k then 6K then 3K and it reversed back to 12K then 6K then 3K areas. In this bullrun it went from 12K to 20K to 30K to 42K 56K and so on, right now we are again staying in this 42K area.... So you can notice these numbers represent important areas in the chart. The current top of BTC is 64K, which doesn't fit pronic number sequence which should be 72K, interpret that as you want, but so far looking at a lot of cryptocurrencies they follow this route, unless when it comes to blow of tops or overheated markets.
Elrond is in WXYZYZ 2 flat in a row ?Hi everyone,
on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April.
I can see this probable scenario now on Elrond, the reasons are :
1- 2 Flat ABC in a row
2- 2 spinning top in a row at the 0.764
3- Impulse down impossible from my X point
Now possible retracement target i see are inside the green rectangles. But Elrond can rise to the 0.85 from here.
Best to you..
The reverse of EGLDUSDT? We will see!If the previous prediction is corect, the one in which I said that the price is possible to return in the area of 160, we already have a buy divergence formed, it is possible to have a divergence of 2-3 waves, with a small return figure in the line area' upward trend, (this to have an additional reason for the price to reverse - whether it is a double buttom, triple buttom, H&S inverted, etc.) and then to break through the downward slope, with divergence in the back, with the return figure, we have good elements that can indicate that the price can return from the high upward trend line!
Hard to say how far ... in the area of the price of 200 we can intersect with the downward trend and from there to have a rejection.
Or it is very possible that the price will go up from now on if it confirms this H&S formed now + if it pierces the current slope.
It remains to be seen the evolution of the price where it goes! BINANCE:EGLDUSDT BINANCE:EGLDUSDT
EGLD/USDT has reached the support point and I think it is readEGLD/USDT has reached the support point and I think it is ready to move up.
The EGLD/USDT has hit relatively strong support at $ 246 and I expect it to move up.
RSI and MACD chart show a exaggerated divergence. (+ED)
Of course, we have to wait for a positive move to happen on the chart and we will not buy now.
In the MACD chart, you have to wait for the SIGNAL line to move up (the same blue line in the MACD)
Target : 256 / 264 / 270 / 276 / 283
Stop lost : 240
Note that all analysis is done according to the current market conditions and if something special happens to Bitcoin, it can affect all Altcoins and lead to a fundamental market instead of a technical one.
This is just a suggestion based on my own analysis.
You are responsible for your own sales.
I apologize if I explained somewhere wrong and thank you very much for reading my article.