EGLD Is Under Heavy Accumulation By The BullsELROND (EGLD) has been making a health correction for a long while after making a spike up in price and melted faces off. It has been under heavy accumulation since then and it is running out of room withing a text book falling wedge.
Set your alerts on TradingView to catch the breakout and enjoy the ride.
Egldusdtlong
EGLDUSDT (Flag Patttern)EGLDUSDT (1H CHART) Technical Analysis Update
Flag Pattern
EGLD/USDT currently trading at $170
Buy-level: $165 to $170
Stop loss: below $145
Target 1: $187
Target 2: $210
Target 3: $250
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Elrond EGold (EGLD) to 330$ and 1449$ short term targets.Hi everyone,
Egold is having a great push on the upside and his market cap just by almost 3B on 8 days which is remarkable
but there is some reasons for that, some Dev in the DEFI world are beginning to think that EGold would be the solution
and offer a powerful structure that is surpassing by far Ethereum. Ethereum struggle, modifications are complicated
and their developpers are saying that they try to change an engine on a car that is already moving on the road.
Elrond offer 15000 transactions per seconds with an average cost of 0.001$ and Ethereum offer 15 transactions seconds with an average cost of 10.20$.
One other advantage is the adaptative state sharding of Elrond which make the network much more efficient & scalable. They also have a Virtual Machine
VM WASM that is incredibily powerful. Adoption is fast with the possibility of staking EGLD at 29% API.
Here are some possible EW possible short term targets.
330.16 (161.8% fib)
1449.39 (200% fib)
*The material in this post has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This post is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy or sell / long or short any securities, commodities, cryptocurrencies or any related financial instruments. Nor should any of its content be taken as investment advice. Crypto Kirby is not a financial advisor. The views expressed in this video are completely speculative opinions and do not guarantee any specific result or profit. Trading and investing is extremely high risk and can result in the loss of all of your capital. Any opinions expressed in this post are subject to change without notice. Crypto_Mercy is not under any obligation to update or keep current the information contained herein. Crypto_Mercy may have an interest in the securities, commodities, cryptocurrencies and/or derivatives of any entities referred to in this material. Crypto_Mercy accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. Crypto_Mercy recommends that you consult with a licensed and qualified professional before making any investment or trading decisions.
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is.
Wandering where this will go now?
Theres not really anything to fib off here, so maybe psychological $150?
A retrace to $101 or $91 does look likely to me in the near future...
Elrond EGLD to 84$ at exactly 8pm tonight. I'am Nostradamus.If this happen exactly at 8pm tonight my Maiar HeroTag is gonna be NOSTRADAMUS ahahaha.
This is a possible pattern, the bulls are strongly in control of the Egold.
For sure if BTC drop tonight Elrond might follow cos his RSI is overbought.. but gold is gold.. and Elrond is pure Gold !
The compression of the ema ribbon let me think that a short term push is pretty possible.
Also we have a double bottom on the 1h chart at 65.76$ and on the 3hour at 67$.
I will give you some update soon.
Is Elrond the STRONGEST Crypto Project?Elron is still very early - it just crossed the 1 Billion Dollar market cap.
Ridiculous low transfer fees, extremely fast and reliable, the project with the most active development in the crypto space.
In development: Full interoperability with 5 networks, oracles with Chainlink and Band protocol + aggregating pool for CEX and DEX with Orion Protocol, Binance Leverages the Elrond Blockchain for Fast & Inexpensive BUSD Stablecoin Transfers , they are launching Maiar app today as well.
Most important:
I see most of the crypto projects failing and most of them will fail, because they are being run by developers who aren't very business savvy. They lack the skills to develop the startup into a scaling platform.
Elrond CEO is Beniamin Mincu and if you've seen any interviews with him, you'll know what I'm talking about in contrast to other crypto projects.
Short term target: $110-$170
Near term target: $220-$290
Midterm terget: $440-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
EGLD another bullish wave ?EGLD / USDT
Price after recent bullish moves
Start to Consolidate in top forming a flag pattern
And turned previous resistance into support
As long as price hold new support in chart
and didn't close by daily candel below
there is a Potential new bullish wave
with new targets 15.55$ - 17.7$ - 20$
Note : this is not a buy signal from current price
Just reading chart for those still hold or bought a little below
Good luck and happy trading 🌹
EGLD / BTCEGLD / BTC
🌟 Technical Analysis 🌟
The price broke out from the falling wedge
And forming bullish inverse H&S
Now we can see also The price got rejected from EMA 50 (brown) after nice Breakout
And EMA 20 hold as support (red)
If market and btc continue giving alts a breath... EGLD one of top coins that will grow
Now i expect it will have some pullback to local daily support before next leg up
Buy after successful retest
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹