EGLDUSD between the 1D MA50 and 200 waiting for a break-out!Elrond (EGLDUSD) is rebounding since yesterday after coming very close to the 1D MA50 (blue trend-line), which has been supporting since the January 13 bullish break-out. Practically after the February 08 rejection, it has been ranging within the 1D MA50 and the 1D MA200 (orange trend-line) waiting for a break-out to gain volume. With the 1D RSI on a Channel Down (i.e. Bearish Divergence) similar to October 04 - November 03, we may see a strong correction towards the market bottom if the price closes a 1D candle below the 1D MA50. On the other hand, since the longer term pattern has been a Channel Up since the June 13 Low, a closing above the 1D MA200, will be a bullish break-out for us, targeting the top of the Channel Down. A pattern that may have gone unnoticed and could be the one that will influence the price the most, is the Inverse Head and Shoulders (IH&S) that started forming after the November 09 drop of the FTX crash. Its 0.618 - 0.5 Fibonacci retracement levels are the Support Zone so far, its 1.5 Fibonacci extension can coincide with a Lower High on the Channel Down, and if broken, our ultimate target will be the 2.0 Fib extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot6624
[UPDATE EGLD] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use EGLD as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO. Reclaim 38 and we can talk about "deviation" for now by HomocryptusUpdated 115
EGLD - Strong Breakout Idea An Idea suggesting a breakout of this wedge structure and movement higher will come Optimal area for price to be would be along the white dashed line Breakout pleaseby Bixley2
#EGLD Egld/USD -4h Chart#EGLD - we have multiple confluences and probabilities. Analysis is done for the swing trade opportunity. The first scenario is more optimistic showing only a retrace and continuing the trend. But there is a possibility that the price may liquidate the trendline and make a consolidation at the extreme buy point before continuing its upward movement. Be cautious and do not risk too much. Invalidation - after $32.22, continuing the downward trend."Longby RomKriss111
Bull Forecasting...Expecting big things from alt layer ones in the future - should see this around $1800-2k~ per coin if I'm right.Longby Swoop6227
the descending 3rd wave just startedafter it lost the 0.38 Fibo level at $40 it is going to 0.5 Fibo level at $17.8, 1.6(5) at $11.67, and 0.61 Fibo level at $7.7. it could rage between $10 and $20 for a while as the iv wave. Shortby HarmonicPitchforks0
EGLD - Last Move Down IdeaOn this 4Hr chart EGLD is within a tight structure A curved bowl formation has formed. I like to think that these break down bearishly and this works well with a strong support line in green. From there I expect the bulls to take back control, its just a matter of when. I have pasted a bars pattern showing this awesome recovery. Longing is always appropriate in this market. by Bixley3
EGLD to go to sub $20s and then ripppp to $1500 - $2000The title says it all man. We still go down 50% first and after that we gon see $1500-$2000 EGLD. IF it dont it dont. but im betting it iwll. P.S - Not F.A DYOR by SherpaBTC2
Elliot Wave HTF $EGLD idea !I still expect a corrective move for Elrond for the completion of wave B for a 2-3X for the next year. The whole idea it's in the chart. I would love to buy Elrond under 10$ for the BIG 3rd wave that wil begun in 2024.$$$$by catalinb10
Accumulate...Same story as many charts specifically alt L1's - the majority of alt L1's are growing a lot faster than ETH did which I believe will cause prices to rise on many of these projects a lot faster than ETH did in the future as the network effects take over and adoption comes. Also note that a monthly pivot has formed here at the top which is usually indicative of a larger wave 1 and I'm of the belief that where we bottom will give us our 2nd Monthly pivot confirming a larger wave 1-2.Longby Swoop6116
EGLD.USD ,buy oportunity be carefulRR= 1-4, i buy from here 42.8 usd entry price. let's see how it goes Longby CojocaruMarian0
EGLD READY TO BREAK OUT I HAVE OPINION EGLD BREAK FROM 55$ TO 63$ AND 73$ , if you have other opinion pls coment thank allLongby trieisdi9Updated 11110
egld in the next years in a bearish scenario my ideea how egld will perform in the next 3 years suport and resistence SUCCES to all the astronautus ,se you at the moon!by laurentiu866330
[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short. Egld is the best chart of this inflationary bear market: 1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit 100$. 2) Short: short 39$. if we go above 56$, deviate above but don't hold it, the first target is back in the range at 40$. If it goes below 40$ without any fast deviation above, we can hit 22-25$ easily. You can accumulate a big chunk of Egld at 25$ and ride up to 100-150$ in 2023/2024. by HomocryptusUpdated 229
EGLD to 57 USDEGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD Longby Edgar77310
ETC close to robust resistance Creeping in a declining channel, ETC is close to the area where poses a great potential for a return Longby Bijeux0
EGLDHit POC level few months ago, but I think it will go below 37$ POC in the coming months. Overall the chart looks decent long term.Shortby PayneResidence8
EGLDUSDT future LongEGLDUSDT future Buy signal is generated by CE 2nd confirmation is Xtreme trend and price is above 200EMA also HA candle turned green (Time frame 4 hour ) Target 52usdt SL 48 entry 50.60 leverage 20 isolated Disclaimer: it's for educational purposes study it and take risk as per your risk Reward management Longby sunil1921987110
Elrond can't break the trendElrond has not been able to successfully close above this trend line since Nov 2021. Yes, the entire crypto market is on a downward trend but this is a great sell point if trading this coin. I definitely wouldn't buy as it comes close to the trendline. Until the market changes, play to the trend. It does have strong short-term support at around $48.50, but will it hold if it can't break the trendline? by jmayer154Updated 110
EGLD/USDT Elliott Wave count 4H TFEgold may push higher after a laeding diagonal and now ended a flat correction. High chance to be if it break up the 4th wave that formed the C wave. Good luck!Longby Cross10XSignals0
EGLD.USDT Daily chart RR 1-4"If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"Longby CojocaruMarian110