EGLD - WEEKLY , BOTTOM HERE?EGLD - WEEKLY , BOTTOM HERE?
This chart is on log chart view so, bassically, now we are still in an upptrend , and the bullmarket for it will came after the 79$ break.
EGLDPERP trade ideas
EGLD inside a Wave 2, Y wave.Hi everyone!
The CRYPTOCAP:EGLD price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point, CRYPTOCAP:EGLD is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline.
Top buying zones (supports)..
48,35$ - 46,39$
41,70$ - 41,16$
35,96$ to 33,63$
29,94$
26,73$
No financial advise.
why im bulish on Egld longas you see my chart looking clearly i based my analysis on logical reasons as we know 21 avril 2024 we will face important event is bitcoin halving second reason in the chart we see bullish pattern like something want to push the candles up and the third reason we see techincaly compressed triangle on the daily frame and we know if the patterd breadks the resistent we'll see pumps in the egld
the important thing in the weekly chart we are testing and touching weekly resistent the price wanna break it and the resistent push it down but we believe the chart stronger now if we broke this key level trust i'll be honest we will see egld above 100$ 1000% and i think 200$
and my target is 1000$
ciao ciao
EGLD Great Bull Market Ahead My opinion is EGLD has already started it's bull market and currently in the minor 2nd wave of the major 5th. I hope it will first retrace to 50$-55$ area before the continuation of the 3rd wave. It can easily reach 250$-500$ area in the coming bull market. Let's see. DYOR. Always invest what you can efford
EGLDUSD under appreciated or just forgotton? huge oppurtunity? BITFINEX:EGLDUSD Once a dominant and hopeful alt with an over inflated value tumbled to the abyss it seems EGLD fell so far in the hole it might have been overlooked and forgotten.
Without getting into use case which I always feel is what is any altcoins staying potential, outside of being a memecoin, ELGD once seemed like it had a positive roadmap and as such ended up in my crypto portfolio at some point.
Why is ELGD not seeing the same level of speculation as many of the other alts with similar interest. A quick look has me interested and I will be trying to learn more about the potential ELGD has towards those of us interested in market movement and jumping on a potential 200% overnight rocket ride.
#EGLD MultiverseX heading to $224Lovely inverse head and shoulders
These next few months you will see massive #altcoin runups
Please take advantage!
EGLD at the Crossroads!!I went down to the crossroads
Fell down on my knees
I went down to the crossroads
Fell down on my knees
Asked the Lord above for mercy, woo-ooh
Save me, if you please
I went down to the crossroads
Tried to flag a ride
Went down to the crossroads
Tried to flag a ride
Nobody seemed to know me, woo-ooh
Everybody passed me by....
* Beniamin Mincu is doing a countdown in Twitter that ends at the Crossroad of the two channels around January 30-31
Zoomin' in: 140-170$I already added the comment to my other idea (linked below). A more conservative target would be 140-170$ if we are believers of the 1.618. This is when we don´t consider big wicks, we also look at the volume profile resistance levels and we look at the historical 0.618 retracement from previous all-time-high.
This could be a possible channel to go there, also depending on Bitcoin ETF, when first buys will be allowed, and so on....
EGLDUSD IdeaThe log chart for EGLD
I expect an inverted H&S to form and then a strong reversal allowing the bulls to take control.
This control is shown with the green bars pattern.
The white dotted lines are just some areas of interest.
The bars pattern tool is great.
EGLD's Breakout Play: Rally Ahead or False Start?Bias: Bullish
Description: EGLD is poised above a key ascending trendline on the daily chart, indicating a bullish stance. The sustained price above the SMA and recent breakout suggest potential for continued upside.
Direction: Upward (Long)
Entry: A strategic entry would be on a confirmed bounce from the current level or on a breakout above the recent high of $71.51312948, ensuring momentum is in favor.
Stop Loss: To manage risk, a stop loss could be set below the ascending trendline or the last swing low at $63.84913611 to mitigate potential downside.
Targets: Looking upward, the psychological round numbers such as $80, $90, and the all-important $100 mark serve as potential profit-taking zones.
Caution: Volume data is unavailable, which could impact the reliability of the breakout. Also, watch for any bearish reversal patterns or signs of declining momentum, which could invalidate the bullish outlook. Stay updated on broader market trends and news that may affect sentiment.
LPS before boom?Bitcoin did have a huge dump around March 23rd 2023 before the bull run it is experiencing. If we would thing that EGLD is doing something very similar, I would not be surprised of having some time of dump as last point of support for the big actors to fill their bag one last time and only then go up.
That also would coincide with the retracement that BTC is experiencing in the last days, that might continue to the 37-39K range.
EGLD: parabolic curve in 4hTo complement my previous idea, we can see the possible parabolic curve that EGLD would be forming.
Again, be ready for surprises, the last point of supply (LPS) can happen violently, I would not leverage.
Christmas rally?: 90% up EGLD could very well be doing a parabolic curve in the 4h range. This is another way of seeing it, within an ascending channel, with the corresponding FIB extensions drawed from the lows of October.
This could be a FOMO, or could be not. We could also have some bumps in the way, but Santa is around the corner, I can feel it!
Target: 119$ (+90%)
EGLD finishing redistributionI am sharing here this idea where the usual steps of Wyckoff redistribution hare happening, after the highs of the top before starting the consecutive declines.
EGLD/USDLately, some news and hype happened around this coin in the crypto market social media I do not get why ppl tend to jump in this kinda PA only price tags to be interested in this coin are around 12 and 3 $ area we will be buying this there.
Don't be fooled, still bearishI don't believe EGLD is going to go higher. Not just yet. I drawed the two options, one slightly better than the other, for the next 6 months. Right now, it is clearly rejected from previous S/R levels and from the 9 weekly moving average.
Get Ready for 2023 Lower Low and a bigger higher lolThe current price is ok but to generate enough holders for 2023 we need a decent dip.
Any of the green lower lines would create a strong positive outcome.
Previous trades was outstanding and performed very well.
Coinbase is listing so i assume there will be alot more volume next year to make this chart a reality.
That all i have to say.
Will update when i get a chance but all you really need to do is buy the next lower low and hold.
LONG WAY TO PARADISEWell, I wish that I could tell you it was easy,
Just take the paved road right to paradise
But the truth is my friend, the pain and suffering never ends
Make amends with medicine, amnesia, and lies
The grains sift coarsely through the hour glass
And they pound like boulders on the brain
All those things you did for fun,
Never hurting anyone,
Careless shadows in the sun, just empty and lame
And it's no, it's no use thinking that you're wrong
The past is old and gone
It's best to move along and find your Avalon...
EGLD MultiversX top buying zonesHi everyone, here's a scenario for EGLD that, let's say, takes a hefty beating. Unfortunately, EGLD has opened a door to one. Sadly, this scenario could pave the way for a downward impulse in this Main Zone Z (in blue). Essentially, the Z's can do anything. The strongest structural supports are found at $24.66, $21.12, $19.70, $10.36, $9.18, and $7.33. The pole of the LARGE M Pattern formed points to $7.83.
We also have the fibs that position the Z around $20, $10.87, $7.52, or $4.03.
I really like the potential zone ranging between $10.36 and $6.30 if the 19.70$ doesn't hold.
Liquidity is currently "manageable," but stagnant. Interest rates are high, and inflation is fluctuating. This could impact risk assets in the coming months. The consumer price index continues to rise, with an increase of 22% over the last five years. The Fed's reverse repo facility is a good indicator to monitor the Fed's monetary policy. It is currently declining, affecting liquidity in the financial system.
Bearish case if we are in Distribution!So we need to overcome 30 weekly average to be bullish. If not, I would say we can repeat the rejection of the past and go as far down as 23$ as a final step by end of March to recover from there, as last point of the Wyckoff distribution schematic.
I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that cross that S/R levels.
Elliot Wave count on EGLD/USDOn this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
