MIDTERM SETUP ON EGLD...!
This might be amazing setup on EGLD after breaking that trend. Make sure to add stop limit.( mandatory )
Egldusd
Elrond (Low risk Long)EGLD Has been trading inside an Ascending channel for the past year. Currently we are in the bottom in the channel and above a strong support. Also, we see A Double bottom price Action. This zone looks good for An low-Leveraged Low risk Long position.
$EGLD $BTC
possible scenarios for EGLDwe saw a huge volume on EGLD on our volume screener and we were wondering if we can see a rise in the price. although it may end up being a pump and dump.
what do you guys think?
[UPDATE EGLD] Send it! 900-1300$ top within July?Updating my inverse lengthening price model with decreasing returns
Are they likely to fall in the $ 65-110 range?As long as BTC is not out of the downtrend and will continue to fall, then the EGLD has a very good chance of breaking the $115 level and entering the $65-110 range.
This isn't investment advice!
Where will EGLD find the bottom?If BTC continues downward channel to 30K maybe even lower, then EGLD will surely reach one of the levels we indicated in green.
This isn't an investment advice!
EGLD Falling Wedge Has a higher probability of breaking up rather than down. If trading this idea its usually best to wait for confirmation (close) above or below the pattern to take a position.
No targets provided. Do your own research.
EGLDUSDT - 1D - Long Signal💡💡#SIGNAL 💡💡
EGLD / USDT
Buy in two bloock
(201.8 - 203.8)
(191.5 - 195.9)
SLT trigger 1D
EGLDUSDT_1D_12012022
Elrond EGLDBTC - Huge Falling Wedge + Elliott Wave Diagonal- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!
EGLDUSD is holding its 1W MA50. Bottom formation possible.Elrond, a crowd favorite among crypto traders, hit last week its 1W MA50 (blue trend-line) and so far on the current 1W candle is holding it. This makes it a Support, in fact it has been the long-term Support since the May - June 2020 bullish break-out.
As you see on this weekly time-frame, using the help of the Sine Waves to better illustrate EGLD's cyclical phases, when the price hits the 1W MA50 it forms a Support, consolidates for around a month and then starts a strong parabolic rally. The previous corrections have both been around -80% and even though the current is just short of -70%, we have to watch the 1W MA50 closely for a potential bottom formation this month into February.
Our next Target is the 5.0 Fibonacci extension level at $765.00. A break above the Higher Highs trend-line during the next rally phase, would place the target even higher within Fib 5.0 and Fib 6.0.
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EGLD - ELRONDElrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
The blockchain has a native token known as eGold, or EGLD , that is used for paying network fees, staking and rewarding validators.
EGLD is a project that I like, it delivers and especially, I like the price chart. :)
Short EGLDKey levels & supply and demand zone:
0,001923 - 0,002260
0,003722 - 0,003965
0,004865 - 0,005277
Notes:
0,003722 - 0,003965 I expect the price to drop to this area before making a rally back to ATH. If it breaks lower, it will go to the lower supply and demand zone.
EGLD PredictionIf something like this happened(Green or Orange), it can be a perfect opportunity to open a long position. we should make sure we have a good reversal pattern or bullish candle in lower time frames.
If the price reached to the TP1, you can change the SL to entry point.
Key Levels to watch of EGLD (Elrond Gold) We're in a buy area. These are the key levels of Elrond in a Weekly chart.
$540 ATH
$430 Highest Close Ever
$268 Support and resistance
$235 Support and resistance
$188 Support and resistance. Fibonacci retracement is currently at 100% at this level, the price will most likely reverse from this area.
$141 - 150 Supply and demand zone
$65 - 88 Supply and demand zone
Notes:
* Price tends to bounce at these levels. If one level breaks, the price will go to the next level whether it's above or under it depending on the direction of the break.
* Pay attention to BTC price as well cause everything is correlated in the short term. BTC analysis is coming up soon.
* Continue Dollar Cost Averaging anywhere near the key levels
EGLDUSDT - LONGBased on technical factors there is a long position in EGLDUSDT Elrond
EGLDUSDT Elrond
Score 2️⃣
🔵Long Now or set on Key Level 232.00
🟢Target 1 244.00
🟢Target 2 260.00
❌Stop loss 226.00
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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Elrond (Low risk Long)EGLD Looks oversold in the daily timeframe. Down to the 4 Hourly timeframe, We can see a clear downtrend line. Breakout can lead to 299 and may go even higher. Overall, Elrond looks not bad to open a small long position here with low risk.
Elrond beginning of the year predictionElrond has a Sell signal for the beginning of 2022.
I look for a retracement to $170 area by the end of January!
Happy New Year!
EGLDUSDTThe best crypto to buy for today. stop is around $200 . This is good possibility for Spot position. Buy and hold still X3 .
EGLD Broke its downtrend. Let's go ($1000) 🚀This is just the beginning of the core activity of the Elrond ecosystem
Also, EGLD was recently listed on Huobi Global
EGLD now in a good zone to buy and I think by the end of 2022 it can reach $1000
Bitcoin is also close to its support (chart below) which is a good sign
However, BTC is not in good days and its better to be careful
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