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Egoldbusd

Elrond to 425$ and 793$ with Fibonnaci CirclesHi everyone, Mr Fibonnaci was a Italian and one of the most talented Western Mathematician of the Middle Ages.. Today is famous among pro traders for this sequence of Fibonacci numbers than simply drawing Fibonacci retracement and fibo extension levels.. If you want to truly harness the power of Fibonacci numbers, you should also consider using tool such as Fibonacci Circle. With traditional Fibonacci retracements levels, there is no way to predict when the price of an asset might reach these levels. the best aspect of Fibonacci Circle or Fibonacci Arc is it adds the element of the time horizon to the chart. So, we can pinpoint exactly when the price will react to a certain support or resistance level in the future and prepare our entries and exit.. Today iam decrypting Elrond using the Fib Circles. Next resistance targets for Elrond : -249$ -425$ -793$ -1404$ -3139$ Possible we are going to grab the liquidity on the Neckline at 44$ before.
BINANCE:EGLDUSDLong
by Crypto_Mercy
3
Elrond compressed between MA21 and MA50 - Wave 5 nextEGLD is stocked between to MA's, MA50 in yellow at 126.57 and MA21 at 139.485$ The price can play between those 2.. but what i see is a potential breakout for wave 5 at the en of the triangle March 22th or 23rd. I will post possible targets for W5 in the bottom. ELROND EGLD/BUSD WHAT CANDLES ARE SAYING : 4 hour : Upside, spinning top with a close higher than the opening. Daily: Upside (reversal) (Spinning top green (confirmed a double bottom) Weekly: downside last confirmation was a double top *resume : Elrond is in accumulation mode. Pattern in formation is a M inside a Triangle, Neckline is receving support. Price is compressed and stock between supported MA 50 and resistance MA 21. MA 7 and MA 9 are also resistance PRICE RANGE TO EXPECT NOW : Between 126.60$ and 139.52$ Please note : MA50 is currently a strong dynamic support at 126.60$ --------------------------------------------------------------------- BTC DOMINANCE : Currently at 60.77% is falling since beginning of january but BTC DOMINANCE is rising since March 7th and found a bottom. BTC.D is picking up a bit which make it more difficult for Altcoins, Watch BTC dominance on Coinmarket cap (3rd chart in the bottom) : --------------------------------------------------------------------- Bitcoin : Daily: Last confirmation was double bottom at 55600$ Weekly: Last confirmation was bullish with a double bottom at 45190$ PRICE RANGE TO EXPECT NOW : Between 57150$ and 52573$ PLEASE NOTE DAILY MA21 is at 52573$ Thanks for encouraging me with CHEER . Peace, best to you !!
ELong
by Crypto_Mercy
1
Potential trend reversal on the Dollar can affect the EGold ?Hi everyone, As discussed yesterday in the email sent to my members there was this possibility of seeing the EGLD pull back slightly to lower the bottom of its wave 2. From now on through my analyzes I will include a follow up on the S&P 500 (SPX) and the Nasdaq and the DXY ( USD) because several correlations exist between these indices. I didn't like the recent tweet of Elon Musk saying "nobody is enough stupid to buy the dollar)... market makers were waiting for that one.... Elon should focus a little more on produce it's own cars in time. S&P 500 (SPX) - Dollar (DXY) and Nasdaq (IXIC) Right now we have some indications that the SPX is looking to pull back.. since the we had a spinning top on the daily close feb 16th. The DXY has already marked a double bottom on the weekly and monthly chart and currently seems to be tracing what could be wave 2 of a new streak of 5 impulsives. We gonna have to watch the dollar.. if the dollar is reversing, Bitcoin will make a pullback. SPX : A spinning top candle closed on the daily chart Feb 16th.. we are on a correction (pullback). No indications for now that we are reversing yet. Nasdaq : No real indications that the market will pull back significantly for now. Seems to be a normal (small pullback) DXY : Still in a corrective phase, but we mark a double bottom on the W chart and the M chart. The USD is creating a W2 on what it could be a new 5 impulsive waves. Current situation on the EGold: Market makers put the EGLD under the MA21, the question is, is it temporary? I will have to go a little deeper today, this DXY double bottom of the dollar is definitely something we need to focus on and I will analyze this more in detail today.
E
by Crypto_Mercy
5
Weekly close, a good signs for ElrondBased on the last weekly close and the Takuri candle signals are looking pretty good for Elrond. We have a double bottom accompanied by a takuri with a closing of the body slightly higher than the last one. Also i really like we took our time on this one, Elrond is showing healthy signs by waiting for it's own Daily MA 21 (dynamic support) is now at 135.52$ which is pretty awesome... this is a pretty good news for the Hodlers or the Stackers. Also keep in mind that Elrond Team is coming with Maiar stacking DEFI, Decentralized Exchange, DEFI 2.0 module and name service. Iuga Mihai also published on twitter yesterday and wrote : Years of creative effort are about to come live on the Elrond Mainnet in just a few short week. Smart contracts, stacking, DEFI 2.0m ESDTs and NFTs will soon become accessible to a large group of people. Hypergrowth DAY 47 Here are some Take Profits: -TP1 ZONE = 173$ - 176$ -TP2 ZONE = 202$ - 209$ -TP3 ZONE = 242$ - 261 -TP4 ZONE= 274 - 279$ -TP5 ZONE = 304 - 315$ -TP6 ZONE = 344$ - 374$ Resistance to beat now : 145$ -10H MA21 148$ - 12H MA21 149$ - 4H MA100 151$- 2D MA9 155$- 3H MA100 If you want me to post update, leave a comment and i really appreciate CHEERS, it's helping me a lot. Best to you and thank you!
ELong
by Crypto_Mercy
4
Elrond Important weekly candle close to comeHi everyone, One of my members was asking what are the signs of a reversal or a real confirmation that Elrond will go lower... or a real confirmation of trend change. If EGLD close like this in 4 days on the weekly chart, this will be a real confirmation of trend change. Currently this formation is showing no new high, a double top, and a new low.. All those combinations will send a clear RED signal that the next Monthly close will create a bearish Shooting Star. What are we looking or expecting to have to say that this was a positive weekly for Elrond? 1- A close of EGLD at 140$ will confirm a double bottom which is good. 2- If EGLD is making a new high. What happen if we have a bearish close with a double top.. or no new high... Without a doubt i will take my profits and wait to buy lower aroud 85$ or 45$ Best to you!
E
by Crypto_Mercy
5