EGLDUSD 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!
[UPDATE EGLD] Lengthening decreasing returns parabolic modelEGLD model 2 update.
Very immediate scenario.
(DEC: min 850 max 1100) take profit 50% 850
[UPDATE EGLD] Lengthening decreasing returns inverse price modelEGLD model 1 update.
Very immediate scenario.
(DEC: min 1000 max 1500) take profit 50% 850
Elrond: Bull market is overAccording to Elliott Wave Theory, Elrond is now in a bear market that should last for a while... We have clear identifiable five waves, with the last one coinciding with the unveiling of the $1.29 billion program for the DEX Maiar.
EGLDUSDT, WEEKLY, CORRECTION IS COMMING. EGLD, Weekly, according to elliot, correction is comming.
SadraNafari
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.
Elrond brakeout party?!Elrond brakeout party (green circles) on price and OBV confirmation... or bounce hard at RSI resistance (red circle) What so you think? Lächelndes Gesicht mit Sonnenbrille
*no financial advice
do your own research before investing
Elrond - A Strange BullflagI interpret this chart as containing a 'strange bullflag' which can be drawn against the uptrend line
The flag pole in this case would be curved
Price should maintain the major uptrend
EGLDUSD Long setup* Breaking out of an ascending triangle
* Consolidating right above the breakout point
* Price is in the buy zone right now.
Estimated target at ~43.86%
ELROND - EGLDELROND is on the 37th place in TOP cryptocurrencies if we look at the capitalization.
Circulating Supply 19,712,062 EGLD
Total Supply 22,701,058 EGLD
Max Supply 31,415,926 EGLD
ELROND is a beautiful project that seems to do what it says and I think it will make a beautiful figure!
Falling Wedge EGLD is trying to break out of falling wedge. Historically the falling wedge is a bullish pattern.
With the crypto markets being bullish this week we can expect the EGLD to perform well.
Good luck.
Do you remember all this coins and charts? ICP left upper cornerDo you remember all these charts? Yes i do,,did you call them dead? Yes I did.
Then dont believe internet computer is dead...history repeat....just buy more
EGLD ANALYSENothing to say all is in the graphique.
Recap:
-big canal
-multiple apparent patern
-intresting rsi (dayli)
-big opportunity ( %1400 potential)
-safe invest
EGLD getting ready for a new flight!EGLD is getting itself ready for a new flight! Ascending Triangle is formed and I'm expecting a 50% move.
What's the long-term of EGLD? Here is the analysis I posted earlier:
Muneeb
egld Egld is nice coin.
And is located on an upward channel in Benland.
And there are only 21 million of them
Elrond $EGLD going to the moon..literallyElrond's low supply dynamics and good momentum ensure that the price will rise very quickly once the altcoin bull run is in full force.
In this chart, I've tracked Elrond chart on the log scale which allows us to chart the parallel channel which will take EGLD beyond $1000.
Till date, EGLD has witnessed a stupendous ROI since inception and if momentum holds, this should continue in Q4 2021 and Q1 2022.
If you plan to be on the long side of EGLD, current position in the channel provides an advantageous position. There is a short term rising trend (marked by green line) too for short term trades.
Elliot waves on ELROND\USD pairOn the 2-week chart, we can see that the bullish cycles repeat for 9 bars (126 days),
and that the bearish cycles repeat for 6 bars (84 days) (approximate values).
If we trace the Elliot waves, we can identify that we are on wave 5.
If the bull cycle takes place at the same periodicity, we can assume that the price will reach U$ 496 at the end of November.
And a possible corrective wave ABC could form by the end of February.
EGLD: target 1250$ (0.886 FIB LEVEL)In my previous idea about schiff pitchforks i estimated 1150$ using FIB retracements.
This idea uses FIB extensions in logarithmic fashion, as well as axis. In this way, no more 6.618 madness shows there.
I added 0.886 which represents the price level derived from the golden ratio (0.618 x 0.618=0.786, 0.786 x 0.786 = 0.886). You can see that was the target in the previous run... right?
Between 30 Nov and Feb 2022 is my bet.
Let me know what you think, now that MAIAR DEX is about to happen.
EGLD: some lines to look atI had a look this time at lines that could be there. Now that Maiar DEX is coming out in November, i think the blue trend is the one that should hold, but let see.
