Elrond´s (EGLD) 4 tasks on the daily chartElrond´s 4 tasks on the daily chart...
1. break the MA Ribbon and turn it bullish
2. break the OBV resistance
3. break the RSI resistance
4. use the hidden bullish divergence and FIB golden pocket as support.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
EGLDPERP trade ideas
Elrond: It's going to get bloodyWe like the Elrond chart because the Elliott Wave count is crystal clear. It just finished at a secondary wave 4 in the shape of a triangle that broke to the downside. We are now in minor wave 3 of secondary wave 5 to the downside, this is where things unravel and gets unfortunately bloody. I have set two potential targets to watch. In case of a truncation, it would mean Elrond would simply revisit its previous low of $225 from last week's crash. In case of a channel bottom retest, price could fall as much as $180 in the upcoming days. Since the wave count is easy to read, when this bottoms, it's probably when Bitcoin and Ethereum are going to bottom as well.... We will see!
EGLD - Elrond, yield farming, MEX & into 2022**Thank you for checking out my chart, please 'Thumbs Up' if you like it and support me below by using my links x **
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EGLD/USD on a weekly chart using a Fibonacci trend extensions on a logarithmic chart
We see a clear strong support trend line over the last year, recently EGLD has kicked off due to potential gains on its Yield farming using MAIAR app, harvesting MEX which is going to be the coin for its exchange platform has seen a huge rise and fall in prices of Elrond recently and also some due to btc movements
Let's see if this can hold into 2022 and reach that $1k+ level at some point
thanks for reading
#elrond $egld Breakout or Fakeout?Elrond has had a fantastic run-up and still radiates power. The blue zone has acted as resistance for a long time but now we have shot through it. It'll be interesting to see if we can stay up here or if we shoot back down again. Because projects like Ethereum and Cardano show their drawbacks, projects like Solana and Elrond can show that there are more paths to adoption. I am still positive that Elrond can reach the 4 digits in a relatively short time. We can also see that the Fibonacci lines are respected and can function well as targets
EGLD LongIt just looks so good right now.
Elrond had a good correction after it's major pump. It looks like it has bottomed out for now.
Im a huge fan of Elrond and bought it when it first came out. So this is an exciting trade for me.
I just wanted to switch it up while ETH and BTC are chilling.
Also, that DOT looks like a juicy long as well.
The 4hr momentum curve looks strong right now. I hope everyone is doing well.