$EGLDUSDT UPDATE!!!Hi Traders,
$EGLD prices have seen some insane gains recently, looking extremely bullish with plenty of space to continue pushing into. Theres two order blocks to act a as support for prices to then push higher, if they fail to act as support then expect a correction down tot the 50MA to occur.
Thanks
MS
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Egldusdt
EGLD-USDT (Investment Analysis)Elrond presents itself as a Scalable blockchain solution that leverages the Sharding technique to offer extremely fast transaction speeds. It has developed Maiar- a digital wallet and global payments app with the aim to redefine how we interact with money by allowing easy yet secured accessibility and exchange of your digital assets. By June 2021, Maiar has bagged 400K users worldwide depicting the traction from the community.
Year-to-date, Elrond has yielded returns of ~436% while it registered meteoric gains of 900% at its All-Time High of ~$245. While EGLD traded at $53.4 on June 22, since then, the token is depicting a shift in the Bearish momentum.
On the Daily Time Frame, Elrond has managed to cross its 50 DEMA and has given a consecutive close above it since Aug 2. It reflects a shift in the Bear momentum while the prevailing sentiments in the crypto ecosystem supporting it.
The support to the lower side is present at $100 followed by $110 while it may face resistance at the level of $150 followed by $170. As EGLD has managed to give a close above the level of $120, technically, it looks strong and can be Accumulated with a long term investment mindset.
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (110.90).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77
Take Profits:
TP1= @ 121.73
TP2= @ 139.58
TP3= @ 154.86
TP4= @ 172.77
TP5= @ 204.95
SL= Break below S2
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EGLDUSDT Has Broken Above 2 Important Resistances
Welcome back Traders, Investors, and Community!
EGLDUSDT on H4 has broken above 2 significant resistances. It will go up
⬆️Buy now or Buy at 99.45
⭕️SL @ 87.38
✅TP1 @ 129
✅TP2 @ 145
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SHORT EGLD/USDT! Incoming retest of lower support levelsThe live Elrond price today is $101,74 USD with a 24-hour trading volume of $64.833.259 USD. Elrond is down 0.95% in the last 24 hours. The current CoinMarketCap ranking is #53, with a live market cap of $1.957.389.223 USD.
On 4h chart, RSI looks almost overbought and MACD is about to cross above the EMA, both signals of an expected decrease in price.
TRADE POSITION: SHORT
ENTRY PRICE: > $103.5
TARGETS: $93 (+10%) / $ 86-82 (+20%) / $ 74 (+28%) / $ 69 (+40%)
STOP LOSS: $120
The spotted entry level historically acted as a strong resistance, therefore after all the failed retests started on August 2nd, I now expect a price fall.
Moreover, Keltner channel historically acted as a good estimation of price swings and whenever the asset was close to its upper level, a pullback retesting the lower occured. This metric on both 4h and 1D charts has been used to determine targets.
Interesting fact that Fibonacci time zone indicator did an overall good job in predicting time zones of interests, in particolar levels where a major swing high or swing low occured.
The 8th Vertical line just crossed could result in another significant move to the dowside.
#staytunned
EGLD Fibonacci scenarioHi guys,
On the fibs retracement : the minimum level projected to be reached in the next 60 days would be 154$ and a max at around 249$
On the fibs extension (if we already got the bottom ) : the minimum level to be reached in the next 60 days would be 148$ and a maximum at around 248$.
Not financial advice. DYOR
EGLD bull scenario 25th of July 2021Hi guys,
We can observe that EGLD broke out of the descending channel, did a te-test and continued higher. Also an inverted h & s that already broke to the upside.
I am very bullish on the project for the next 40 to 60 days ( DEX is coming out next month ). Very low supply - under 30 mil.
Bull over 107 $ with a target in the 160$ area in the next 4 to 6 weeks.
Bear : under 73$ with some support at the 54$ area.
Not financial advice, trade safely guys.
Next resistance levels are the FIBS on the chart : 95$, 103$, 112$, 125$