Egldusdt
EGLDUSDT, Elrond, back in bullish mode ?Hello,
I've been looking at Elrond (EGLD) for quite some time now and I think it's one of the most undervalued altcoins right now. Given the good impulse we are seeing in ETH, especially versus the BTC, it is quite possible we see an altseason revival this April.
The EGLDUSDT pair moved above all major EMAs on both the daily and 4-hour timeframes. What I'm currently looking for is a break above the $146-$149 zone and confirmation there (4-hour closure) to open long positions. The mentioned zone is a weekly resistance area combined with 61.80 drawn from the most recent pullback. It is quite possible that sellers will look at a potential diagonal resistance coming down from the March, 2021 peak (blue-dotted line).
First target for open longs - $147 or right in the middle of the weekly resistance, but still - above the last daily candle close. Second: $149.
First Sell Target: March high at $165
Regards
Elrond EGLD / Usdt - 4H✅ Elrond < EGLD > is The 41Th Place Of the Coins Market Cap ..
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BINANCE:EGLDUSDT
EGLD LONGBullish Pennant on the 1 D chart. I'm long on EGLD. If we break this formation on the upside we can have a good risk/reward. 50% of profit until the last resistance to 215$
Stop loss under this pennant around the 100$ level. Long position on the mid term. Hoping the BTC dominance continues to stay on this levels.
EGLD (Elrond Gold) Needs Your AttentionEGLD has been under heavy accumulation for a long while but recently it has just broken out of the symmentrical triangle patterns, retested and now its moving.
You may need to zoom in to lower time frames for better entry ideas however, if you are a long to mid term holder of EGLD, it is the time to get in.
EGLD Elrond at 395$ or 310$ next waveNew retracement had changed our of Wave 2 for elrond it's why iam making this update (line in red). Here are possible targets for this intermediate wave 3 (red line) if we don't go lower.
Golden pocket has been hitted but always keep door open for a low W2. Yesterday was a BIG day today for the ElrondNetwork community with the release of Staking Phase 3. One step further to a more decentralized & secure network: staking is now available in Maiar as well. 1000+ additional nodes & another $350m got staked in less than 2 hours. +$1.3B staked right now this is pretty crazy!
Possible targets for intermediate Wave 3 (red line)
161.8% = 226$ (less probable)
261.8% = 310.64$ (favorite)
361.8% = 395.25$ (favorite)
With the lenght of Wave 1, most probable target for me will be 310$ or 395$
Best to you and have a wonderful day.
12 hour chart EGLDAfter a long two-month retracement and accumulation; Egld has currently broken out of the daily Asymmetrical triangle.
I'm expecting a measured move to a target price of around 309-325. I'll be dollar-cost-averaging 10% above all-time high resistances depending on the movement of BTC.
This is not financial advice, the chart is published for pure speculation.
DYOR.