A More Detailed Look At Elrond (ERD) Elrond has some upcoming news for the month of JULY 2020 and yet the chart is very much bullish.
ERDBTC
ERDUSDT Important Resistance LevelI am expecting an aggressive upside move after the price manages to break the 0.0066$ level. I am pretty confident that this will be a matter of when rather than if, because the resistance looks very weak right now.
ERD is about to go higher from here- ERDBTC has a support zone between 61 and 62 sats, which lies at the confluence of both the 0.618 fib level and an ascending trend line.
- We will have a price reversal confirmation after breaking the 66 sats resistance level. This will mark the breakout of the descending channel and will trigger an upward move.
ERD/BTC (Testing New High?)ERD/BTC
-testing the recent top resistance at 71 sat
-if ERD can break this top and retest as new support
-we will likely see another upward continuation
-my upside target is the fib resistance zone between 80-85 sats
ERD/USDT (Broke Flat Support)ERD/USDT
-broke the flat support at 4600s
-if the downfall will continue further
-I'm eyeing the zone 3500-3200 for rebuy position
-since that's the most area of confluence before the strong uptrend
ERDBTC - SHORTEuphoria and FOMO kicked in, top is most likely in, not interested in touching ERD unless we reach the buy zone highlighted
ERD/BTC now 261% Profit within one Month Congrats Guys#ERDBTC 261% Profit Update:-
#ERD/BTC now went upto 59 Satoshi
And our 1st entry was 15-16 Satoshi
And 2nd entry was 22 Satoshi
From 1st Entry = 261% Profit
From 2nd Entry= 171% Profit
Hope You enjoying guys.
Suggestion:- if you still Holding #ERD then i Suggest you to sell Around this Range.
But of you still want to take high risk them hold only 20% and remaining sell.
261% Profit is pretty Good within one month.
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ELROND ($ERD) 🥇 | You Haven't Seen Elrond on Buzzfeed...Yet💨💨 Our last Elrond chart worked wonders as the bulls quickly found support and then pumped ERD so hard the Bears needed to see a vet.
Today we are doing a follow-up analysis for the bulls to see if they can break the next resistance before someone can break the Elrond blockchain (see the contest in the links below).
As you can see below, we have done a side-by-side of ERDUSDT to look at long term levels without having to zoom out too much. Let's look at some levels that are in play now that the bulls have taken ERD to new local heights.
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Support:
The most important support level for the bulls is the S1 expected S/R flip. The reason we have marked this potential level is that if price does need to find support, it'll have to do it without much of a pullback. All established supports are too far down for the current bullish market structure to hold on a retest.
If S1 can't hold, the S2 orderblock at the swing low could hold. S2 could work to send ERD higher, but testing this level is a bad look for the bulls as explained above.
While there are lower support levels, they aren't relevant to the current market structure so let's leave them aside for now.
Resistance:
The first level of resistance is the R1 orderblock cluster. It is logical for the bulls to find resistance here, if they do the hope would be that it is temporary and at most results in a shallow pullback to S1.
If R1 can be broken, then the next target for bulls is the R2 orderblock at the swing high.
Summary:
ERD bulls had a beautiful setup on our last chart. While momentum and market structure look good still, the bulls have a bit of a problem in that they don't have much support to look to and thus have to keep running.
That said, running is what these ERD bulls seem to do best so this may be achievable.
Resources:
www.coindesk.com
ELROND ($ERD)💲 | Why Elrond is the Secret to Financial Freedom👁️🗨️ Elrond will pay you $60k if you break its blockchain before its MainNet launch. That is attractive, but honestly, ERD has been paying you to just smash the buy button like a caveman (no coding skills necessary)... and that is attractive too.
Jokes aside, ERD has been on a very evident uptrend since the COVID bottom and it looks like the bulls have more room to run. Let's take a look at some levels.
Support:
The S1 bullish S/R flip has already acted as support after we ran the previous swing low. This level should act as support again if needed.
Below S1 is the S2 orderblock created on the way up. This could act as support if, for example, the wider crypto market falters. Despite this, the bulls' best bet is to avoid any trip below S1 and to simply maintain momentum.
Resistance:
The R1 orderblock formed at the previous swing highs is our first point of resistance. The best bet for the bulls is to blast through this, thus avoiding consolidation between R1 and S1 with a chance of testing S2 or lower.
The ultimate goal for the bulls is the R2 orderblock. A break above R1 with an R2 target means some nice percent gains for the bulls and further strength and momentum on that ERD chart. That is exactly what the bulls want to see to keep this chart looking great.
Summary:
With ERD's MainNet on the way and price in an uptrend, Elrond bulls have a great setup. All they need to do is keep the momentum going. The question is, can they do it, or are they going to let R1 get in their way?
Resources:
www.coindesk.com + finance.yahoo.com
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$ERD, Crossing over ~30sats level on slightly increasing volume.$ERD
Crossing over ~30sats level on slightly increasing volume...
UCTS Buy signals across several timeframes (over 100% since 1D buy signal)
An entry around ~30sats could allow you a ride toward 36/40 sats resistance levels...
#ERD
End of 2020 ERD Prediction: 4270%My ERD prediction for the end of the year is 0.11
Mainnet will be launching.
Forget about the MOON... were going to MARS!
Not trading or financial advice. Just some of my dumb ideas.
ERD/BTC | Break this level and we can move up to 36+ SatsLooking like a good swing long; already entered this position earlier !
$ERD, 30% daily candle... 80%+ since last UCTS Buy on the daily.$ERD
30% daily candle... 80%+ since last UCTS Buy on the daily..
Volume starting to rise again but currently against resistance level (~30sats) so buying here could be not the best option
If keeps pushing up(volume), then R/S Flips, retests are for longing...
#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.
Elrond Conquers Resistance, Impulse Jump Next? Yes!Elrond (ERDBTC) just moved above strong resistance is preparing for an "impulse jump"... One of those moves that print a very strong green candle...
Let's see how it goes.
Previous analysis | Mar. 17
Elrond Hits New Low, Remains Super Bullish
All the targets and resistance levels are marked on the chart.
Namaste.
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.
ERD/USDT (1 Upside Push More?)ERD/USDT
-broke above 200ma
-testing the mid resistance line
-new immediate support at 16000s
-if daily candle close bullish
-we could expect more upside
-and climb up to 22500s
ERD/BTC, 2 HARMONICS, POTENTIAL BREAKOUT, BULL DIVI AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
ERD/USDT (Bullish Breakout: over 40% upside target)ERD/USDT
-bullish trendline breakout
-bull cross of 50ma and 20ma
-new key support is set at 111s
-upside target is up to 177s
-stoploss below 50ma
ERD/USDT (Bullish breakout of pattern: Up to 50% profit target)ERD/USDT
-A bullish breakout of the ascending triangle
-New potential immediate support at 9740
-Upside target is up to 14925
-Stoploss below 50MA
ERD/BTC Ready to take off? After a long downtrend and accumulation period we are starting to look better!
Stop los: daily close below 12