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ERD

Elrond Hits New Low, Remains Super BullishThe last support for ERDBTC was sitting at 15 satoshis and was broken on the 13th of March. A new low was hit at 13 but the charts for ERDBTC remain super bullish, why is that? When a strong support is broken you expect to see big volume bars, yet, the trading volume here is really low. The MACD is also printing bullish divergence. So this support is taken out as a "stop-hunt", the bots are looking for liquidity and this activates all the stop-loss. (We use manual stop-loss so we are not affected by this). Prices for ERDBTC are very likely to move back above resistance really soon. Make sure to have a plan if you decide to trade this pair... What would you do if you buy now but instead of going up, ERDBTC starts to crash strong... Will you sell at a loss? Will you wait? If you wait for how long or how deep? Always build a strategy BEFORE you buy/trade in order to avoid difficult situations. Knowing what to do and when before buying, will surely help you become a better trader and produce way better results. Thanks a lot for your support. This is Alan Masters. Namaste.
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by AlanSantana
21
ERD / BTC. Channel. Cycle. Potential + 88-270%. Past Idea + 44%After a false breakdown of the channel, the price fell back to the accumulation channel in increments of + 88%. Now the price is at the bottom of the channel. To begin with, we are trading the channel’s potential, which is + 60-80% . Zones of purchase / sale I depicted on the chart. Also showed a temporary cyclic movement. ENTRANCE and TARGET 1) Entrance at the lower boundary of the horizontal accumulation channel, with confirmation of support. It is better to buy a little more expensive, but with a greater degree of confidence than freezing money in an indefinite lateral movement at the bottom with a small step. Premature entry into the market may result in a Stop Loss loss of -X% or for particularly greedy impatient traders who do not use Stop Loss - a second bottom as a gift. The potential movement inside the channel to the upper limit of its resistance is + 60-80%. Be patient, do not rush to enter the market. If the price is fixed below the support of the channel , you should forget about entering the market and a coin, to a new interesting entry point. 2) Entrance is higher than the channel resistance when fixing the price. Potential channel width, the same + 60-80%. It is also worth noting that fixing the price above the resistance level of 30 satoshi will form a double bottom figure , which is a reversal pattern of a downtrend, this will give traders more confidence in purchases and upward movement. From the purchase zone to the second target zone, the profit is about + 270%. Stop loss Under key support levels during your entry into the market. The coin is traded mainly on Binance, and there are pairs not only to BTC, but to usdt and BNB, which is not a good sign. Notice, there are only 4 exchanges and mainly bidding on Binance. Project Legend - A scalable value transfer protocol for the digital economy. The previous trading idea for this coin in November when a symmetrical triangle was drawn in the middle of the channel yielded + 44% profit. The price reached just in the area that was indicated in the trading idea. ERD there were no pumps.Low fame coin Channel 85% Triangle +49% Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns. Who trades on the basis of what he wants - receives a loss. The crowd trades out of their desires, not market probabilities. The crowd always loses. Thanks to the thinking and desires of the crowd, we earn.
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by SpartaBTC
5
1-2 Elrond Falling Wedge, Trade Signal [ERDBTC](170%)Please allow me to share a trade signal for Elrond (ERDBTC), this one just printed a perfect falling wedge and is now trading around support... If #1 scenario repeats, we are looking at the least at 170%+ potential profits... Below you can find the full trade numbers ------------- PAIR: Elrond | ERDBTC BUY: 16-17 NEXT SUPPORT: 15 TARGET: 1) 21 2) 25 3) 31 4) 37 5) 41 PROFITS POTENTIAL: 170% STOP: Close weekly below 14. ------------- This is not financial advice. Thanks a lot for reading. Remember to hit LIKE. Namaste.
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by AlanSantana
3
ERD/BTC Bullish Breakout Chart#ERD/BTC Chart on Request: #ERD now struggle to break 30MA Resistance. current Price of ERD/BTC is 19 Satoshi If break upward then boom and flying like sky rocket. already Breakout upward. support: 15-17 Sat (I will buy more) Resistance :26/33/55 Sat. also keep an mind if breakdown 15-17 Satoshi Support and close candle bellow support then I will exit. safe trade earn huge. Please like and follow me for latest crypto updates and charts. Thank you for our love and appreciations.
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by CryptoPatel
ERD ANALYSIS (DOUBLE BOTTOM CONFIRMED!)ERD ANALYSIS: ERD has confirmed a support zone as it double bottomed near 15 sats. ERD is now on the rise hitting 20 sats. There was one small rejection off the 200MA, but given the fact that ERD is newer than most, I dont think this play a major rejection. I expect 20 sats to be broken and a push upwards toward T1 at 22 sats, T2 at 24 sats, T3 at 26 sats, and lastly T4 at 36 sats. The difficulty for ERD buyers will likely occur between T3 and T4 from the zone of 26 to 36 sats. The double top at T4 is a clear sign to exit trade completely. I will update the chart when the time comes, if ERD decides to break past this point, we can re-open for longer term profits! Possible Entries: 20 sats
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by altchicasignals
Elrond Update After 110%+ Of Profits | Next Target & MoreWe've been active with Erlond (ERDBTC) since late October 2019 and our trade generated over 118% of profits already... We buy low, to sell high. We focused on bottomed out altcoins/pairs. This setup is already on the move but we can still figure out with a high degree of accuracy where prices are going next. For ERDBTC, it is all about the trendlines right now and the EMAs. If ERDBTC closes above EMA10,50,100, we can see this pair continue growing. But if instead prices move lower and close below 0.00000023 (23 satoshis), we are likely to see another drop that will lead to 0.786 Fib. retracement support. The green arrow becomes more relevant if we stay above 25-26 satoshis. The signals are still early, but ERDBTC might resume its uptrend from here. Previous analysis | Elrond Getting Ready To Move Again? | Full Trade Inside (200%+) Request Network Is Bouncing | Can Do 60% or More Long-Term Thanks a lot for reading. Namaste.
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by AlanSantana
ERDBTC Good risk reward entry point35 sat resistance tested for the third time and rejected after breaking it for a short moment, looks like a retest of the 26 strong support level that has been established in the last couple weeks. Entry around 26-28 is a good risk-reward point ( short term ), ( Main net launch is at the end of this month ). Long term i am very positive about this project, solid team and partners, big and dedicated community, and very good fundamentals. So if you are looking for a long term Elrond is a no brainer for me! Share your thoughts below
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by mauroqau
ERD Needs to break 34 sats to break out of cup and handleHello everyone, This time I will analyze this hyped coin, whose foundations are strong and the team is active to solve the scalability problem that blockchain is facing. I left this weekly chart is clean and simple, only showing some important support and resistance lines. The trend is clearly to the upside, stage 1 'accumulation' has ended when ERD broke the 25 sats. Stage 2 'demand and greed' is happening right now. I see a beautifully rounded bottom and possibly a cup and handle pattern forming. This pattern is not broken to the upside yet tho! The 34 sats resistance must be broken first. Then stage 3 'Distribution/anxiety/FOMO' will start. I will also take a look at the lower timeframes soon Trade safe! Greetings, Corné PS leave a like if you enjoyed this post, and maybe check out my other ideas
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by Cornevdberg
1