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Elrondusdt

EGLD: Bullish PennantElrond (EGLD) technical analysis: Trade setup : Price spiked up to $50 resistance, got very overbought (RSI > 90!) and pulled back. Now it’s consolidating in a Bullish Pennant pattern, which is a continuation pattern and typically resolves in the direction of an existing trend (in this case an Uptrend). In case of a bullish breakout from this pennant, price could revisit $55. 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 : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $38 (previous support), then $28. The nearest Resistance Zone is $50, then $54.
Long
by altFINS
EGLD: Resistance BreakoutElrond (EGLD) technical analysis: Trade setup : Price broke back above $50 resistance and 200-day moving average, making Higher Highs, which are all indications of Uptrend. Price could revisit $60 next. Recent strength comes after its partnership announcement with Tencent (owner of WeChat). Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $40 (previous resistance), then $32. The nearest Resistance Zone is $50, which it broke, then $60.
Long
by altFINS
Elrond bear market bottom to 36.50$ or 20$Hey everyone, E wave inside ABCDE in yellow was a FLAT ABC trap. Egold only have 2 MA's, 3 Months MA9 at 112.70$ and 5 months MA 7 at 108.65$. Losing this can easily bring the eGOLD on next strong support which is 85$. I see Elrond is this Grand WXY in Blue. 2 top bear market log fibs are 0.382 which is 36-37$ for Elrond, and logo 0.30 at 65.50$ but weakest altcoins sometimes drop to log 0.5, its around 16$ -18$ for the eGOLD. Its a possibililty but less probable than36$ in my opinion. Best to you !
BINANCE:EGLDUSDShort
by Crypto_Mercy
2
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium We've once again retested long-term support and bounced from from our slight sub $128 zone, pushing price back up to around $134 where we're currently trading. -------------------- $EGLD/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 128 - 134.75 TP 1 : 140.5 TP 2 : 145.2 TP 3 : 150.8 TP 4 : 156 TP 5 : 162.6 TP 6 : 169 TP 7 : 178 TP 8 : 189 Stop Loss : 120 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
EGLD projection on a weekly time frameThis projection is based on the past trajectory of EGLD moves.. of course if the world as we know it don't collapse. The descending channels are very similar and so far the ascending channel too. We already had as SoW the rejection of the middle of the channel, bottoming and recover. Of course the end of the run (dates and values) are based on the slope angle and time from the posterior up run.. The wide of the channel can vary accordingly to the volume trade. I wold be very happy if something like that plays out.
Long
by LRSnz