Fundamentalist analysis EGLDUSDTFundamentally, Elrond offers a mix of traditional finance and decentralized finance to its users and is therefore accessible to all. Financially surviving the FTX crash I believe EGLD is among the top 20 most promising coins on the market.
It's a whole defi ecosystem and developers can use the blockchain to develop Dapps and Egld, the native token, was created to rival bitcoin as a store of value.
The two core features that distinguish Elrond from other Tiers 1 are its adaptive state sharding and the Secure Proof of Stake (SPoS) consensus mechanism.
Elrond is a huge network and it continues to grow. The biggest project currently found on the network is Maiar. Maiar is a digital wallet and global payments app. Makes it easy to buy and transfer crypto from a mobile phone or Google Chrome extension.
Technically already, EGLDUSDT has been in a strong downtrend, its price has broken below major supports. Buyers need to stay in control to give bullish momentum from here.
Egldusdt
$EGLD/USDT 12h (#Bybit) Symmetrical triangle breakdown & retestElrond eGold is pulling back up towards 100EMA resistance where it's likely to be rejected.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 8.4%
Current Price:
57.10
Entry Zone:
57.10 - 60.30
Take-Profit Targets:
1) 50.30
2) 44.00
3) 37.70
Stop Targets:
1) 65.70
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +28.62% | +50.09% | +71.55%
Possible Loss= -23.85%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1-2 months
Tags: #EGLD #EGLDUSDT #Elrond #eGold #IoT #SC #PoS #Blockchain #DApp #DeFi #BSC #Launchpad #Maiar #DEx
Websites: elrond.com maiar.exchange
#EGLDUSDT Sideways Channel ($50-65)Trade setup: Trading in a Sideways Channel ($50-65). Price bounced off of $50 support zone with big volume, reaffirming the relevance of that support area for buyers. Now price is approaching the channel resistance trendline ~ $65. Swing trader: trade the channel (Enter near $50 support and Exit near $65 resistance). (set a price alert).
Pattern: Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend: Neutral on Short-Term basis, Uptrend on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $50, then $40. The nearest Resistance Zone is $65, then $100.
[SHORT] rising wedge on EGLDRising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance.
We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge.
trigger:$60
entry1: $60
entry2: bellow wedge
target1: $53,45
target2: $50,50
SL: $62,55
Will not rush on this trade, this week price action is beyond technicals.
[UPDATE UTK] A lot of alts are going to do this in November?UTK move:
1) as soon as we cross 0.15 --> 0.20 is fast in my opinions
2) my gut tells me 0.20 is going to be easy, so the next natural target is 0.24
3) we can have a deviation on the upside up to 0.32 if BTC behaves in November
This is true for UTK and for many other alts.
EGLD / USDT Price Prediction and technical analysisAre any EGLD fans here?
Elrond is supposed to brake the bullish ascending triangle in 4hr chart. Did you notice that?
you can enter and can put stop loss below support line.
Don't forget to comment and look at my Trust wallet analysis also.
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EGLD/USDT - LONG SCALPING⚡️⚡️ EGLD/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (10.0X)
Entry Orders:
1) 61.84 - 100.0% (1494.996 USDT)
Take-Profit Orders:
1) 62.47 - 35.0%
2) 62.98 - 30.0%
3) 63.5 - 20.0%
4) 63.82 - 10.0%
5) 64.65 - 4.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (2)
[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short. Egld is the best chart of this inflationary bear market:
1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit 100$.
2) Short: short 39$. if we go above 56$, deviate above but don't hold it, the first target is back in the range at 40$. If it goes below 40$ without any fast deviation above, we can hit 22-25$ easily. You can accumulate a big chunk of Egld at 25$ and ride up to 100-150$ in 2023/2024.
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
Currently, we have R2 and R1 as our resistance areas which both include the disability of the price in order to rise. S1 used to be a resistance line and S2 is our support area with its support of price at different points. Therefore, we have the fluctuation of price below R1 and we predict two options here. If we receive some confirmation candles to rise, there will be an increase for the price up to R2. But in case the price gives us some falling signs, we will have a decline for it toward S1 or even S2. The point is to activate your stop-loss points in order to have less risky trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
EGLD to 2x ELGS or Maiar product is one of the crypto which had an exceptional run in the previous crypto bull cycle.
It topped in Nov 2021 and since then its been just in a downtrend however just now the BOLLINGER BANDS tell us that a strong SQUEEZE is incoming!!
My bet is long considering the long terms support trendline is holding the price so far.
TP: $120-$140
EGLD Elrond LONG TRADE 20221017Structure Breakout and AB-CD
EGLDUSD, Elrond, EGLD, EGLDUSDTP, EGLDUSDT, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Egld/USDT Short📉N.B. Follow me for more analysis
Trading proposals post based on price action,
technical analysis, major intraday supports
and resistances, rejections, breakouts, chart
patterns and other factors.
How this analysis was done:
First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done.
Take Profit:
Blue zone is potential reversal zone
Take profit is dynamic/trailing stop loss/take profit
Stoploss:
Stoploss is above/below swing high /low
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EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for EGLDUSDT
In the current chart, we see R1 as our resistance area that includes the unsuccessful attempts of the price to rise. S1 used to be a resistance area and S2 is a support area at the bottom of the chart. Hence, the price is fluctuating below R1 and our expectation would be a little rise for it to reach the height of this area and there we should receive some falling signs in order to activate the short position and predict a decline up to S1 or lower than that. It is not so probable for the price to rise over R1.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck