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Egoldusdt

(EGLD) On the verge to the rise ? 🤔Hello everyone ! 
 Today the Black Cat Trader is analyzing  Egold (EGLD)  based on a weekly chart 📈 
 What we can see : - Prices got rejected by the 1.618 fib extension on the last ATH candle - Right now, prices are supported by the uptrend line (which acts as a strong support since October 2021), plus the intermediary lower line of the pitchfork. - On the other hand, prices are located UNDER the MM20 and the EMA21 which act as strong resistances. - We can also identify a bearish divergence on the RSI and a bearish cross over on the MACD. The spreads on Binance seems to high too… What we can expect : If EGLD manages to hold the uptrend line, we can expect prices to reach upper levels. But , there are several major resistances to break to make new ATH.. Resistance 1 :  MM20 / EMA21 Resistance 2 : Kijun / median line of the pitchfork Resistance 3 : Tenkan / 1.618 fib extension Support 1 :  Uptrend line Supports 2 : Intermediary lower line of the pitchfork Supports 3 : MM50 / Lower line of the pitchfork TP1 :  443 $ TP2 : 677 $ TP3 :  924 $ IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER  
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
by Hector_Bienvenu
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 EGLD to 24.78$ is that possible scenario ° Rising Wedge °Ok i know a lot of people will not like this but i just want to share with you what i see on the logarithmic chart...It's just a scenario don't Panic... don't really like this Bart Simpson Head now... We all so have the bullish scenario with the cup & Handle.. but this can happen if Bitcoin is crashing... The eGOLD is forming a Rising Wedge for now.. The pole is bringing de eGOLD to the Golden Fibonnacci on the logarithmic 0.618 around 24.78$. If i don't use the log mode the pole with is briinging the eGOLD around 0.9 or 0.85 it depend where the breakdown point will be.…which mean this would be a strong wave 2. Nothing sure yet but if the roof of the wedge is breaking.. be careful.. Take precaution. Have a wonderful day.
Short
by Crypto_Mercy
39
EGLD Elrond at 395$ 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.
BINANCE:EGLDUSDLong
by Crypto_Mercy
4
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
EGLD inside an ascending triangle Hi everyone, my members received an alert yesterday before the bearish candle close happen (Weekly Shooting Star), also i gave them all the fibonnaci buying entries... i received a lot of message ...like Wow you nailed it, Damn you are my god.. how did you knew? There is many factors in this industry that you can combine and consider like BTC dominance reversal, RSI, MA's, Candle close and more. Happy to see that a lot of people were able to accumulate yesterday night, it was just spectacular... and the price fall right on the Golden Fib. For now it look like short term that we might go around 168$ with this ascending triangle. Best to you ! Visit my website brand new website and don't hesitate to send me comments or things that i should offert to help you Nail all this :-) Cheers!
ELong
by Crypto_Mercy
Potential Bullflag for Elrond EGLD to 264$EGLD is printing a Bull Flag right now, the question is ... is it a fakeout? We have to keep in mind that Bulls are still in control on the daily, Weekly, Monthly etc... Potential targets of this bullflag is 263-264$ and can push to 271$.. even 277$. Let's see how this play out. To breakout we need to go over all those resistances -4 hour chart MA21 at 176.75$ -6 hour chart MA21 at 176.80$ -12 hour chart MA9 at 177.566$. -2 hour chart MA50 at 179.89$ -0.236 fibonnaci at 176.553$ Keep in mind that this bull flag can turn in a triangle, if you want to try the swing.. get in after a confirmation over 180-181$... let them go over first.. and buy the retest of 180$ 177$. Always play with good Risk Management... Another way to play it is to wait the confirmation over the last ATH at 217$, after 217$ will be confirmed new support your good to 264$ (more than 20% gain). One thing to note is that.. if we don't go lower short term and want to go directly in W5... 272.367$ is the 261.8% fib... which would match with the destination of this bullflag. Best to you my friends. Let me know what you think and what you see.
ELong
by Crypto_Mercy
3