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Elrond

EGLDUSD between the 1D MA50 and 200 waiting for a break-out!Elrond (EGLDUSD) is rebounding since yesterday after coming very close to the 1D MA50 (blue trend-line), which has been supporting since the January 13 bullish break-out. Practically after the February 08 rejection, it has been ranging within the 1D MA50 and the 1D MA200 (orange trend-line) waiting for a break-out to gain volume. With the 1D RSI on a Channel Down (i.e. Bearish Divergence) similar to October 04 - November 03, we may see a strong correction towards the market bottom if the price closes a 1D candle below the 1D MA50. On the other hand, since the longer term pattern has been a Channel Up since the June 13 Low, a closing above the 1D MA200, will be a bullish break-out for us, targeting the top of the Channel Down. A pattern that may have gone unnoticed and could be the one that will influence the price the most, is the Inverse Head and Shoulders (IH&S) that started forming after the November 09 drop of the FTX crash. Its 0.618 - 0.5 Fibonacci retracement levels are the Support Zone so far, its 1.5 Fibonacci extension can coincide with a Lower High on the Channel Down, and if broken, our ultimate target will be the 2.0 Fib extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:EGLDUSD
by TradingShot
6
EGLDUSDT 4H BULLISHThe EGLD is currently transiting the median of the Keltner Channel heading towards the upper band, where it should reach the upper edge of the bullish channel and decrease a little. Bullish RSI , indicating exhaustion of selling forces and the Ichimoku Cloud transiting below the asset , makes the EGLS pair totally bullish. A limit order on one of the supports would be a log option for today. Here are the supports and resistances in the 4H: Main support levels: 44.87 / 42.88 Main Resistance Levels: 47.63 / 49.29 Elrond was a blockchain platform that specialized in offering scalability solutions, using its adaptive state switching technology. However, the company announced its transformation into MultiversX last November. The renowned company's main focus is now on the metaverse, as signaled by the launch of three new products: XFabric – A fully customizable blockchain module. xPortal: An application that will act as a portal to the Metaverse. xWorlds: A mechanism to be used to create virtual worlds.
Long
by ferulianov
Elrond vs Tether | Up To 70% Potential Mapped (Early 4U)Hello my fellow cryptocurrency trader, I wanted to share a few charts for you before going back to meditation. We looked at EGLDBTC but also the Tether pair, EGLDUSDT, is showing growth potential. We are looking at short-term potential and conservative targets but keep in mind that there can always be more than what is mapped on these charts. Cryptocurrencies, Altcoins, grow wild and strong. There is high volatility but being conservative you can't go wrong. My job is to give you a great entry. My job is to call your attention to these pairs BEFORE they breakout. If you manage to buy before the action starts, the rest becomes easy... You can just sell on the way up. Once in the green, you've won. Buy early and hold... Let the market take care of the rest. Thank you always for your continued support. Namaste.
Long
by AlanSantana
1
$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
Short
by TradingOn
13
EGLDUSDT Massive break above the 1D MA100.*** *** For this particular analysis on Elrond we are using the EGLDUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where EGLD broke above the Falling Wedge pattern that it has been trading in for a little less than 2 months. The most important development however is that today it broke above its 1D MA100 (green trend-line) for the first time since August 14. If the price manages to close the 1D candle above it, it will be the first time to do so since April 19! That would be on its own a massive bullish signal for the token as technically the next long-term target would be the 1D MA200 (orange trend-line), even though there are two Resistance levels involved (59.10 and 69.70) that shorter term traders can target. Be careful however of the 1D RSI entering the Resistance Zone that has been holding throughout the whole year. A rejection there should make you consider taking profits earlier. On the positive side, the 1D MACD is on a strong Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. EGLD/USDT short Entry Range: $47 - 49 Price Target 1: $42 Price Target 2: $39 Price Target 3: $30 Stop Loss: $56
Short
by BuySellMarketMaker