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...
check this site "coin360" , set the block size in volume , hide the BTC,BNB,ETH,USDT ....
look at the EGLD, what a good volume .
in the ascending channel , you can buy EGLD for long-term ,it has great goals, midline is important resistance line , Ichimoku can help you .
don't forget to buy step by step and keep in watch the BTC chart .
#Elrond is one of those you must not miss.
#egldusdt chart is extremely bullish, and I have marked some midterm tps on the chart. #dyor
But the question is when should you buy this one?
I personally place a buy order at $287 - $292.
However, based on the market mood, we might see lower dips, so I place another buy order at somewhere between $263 - $271.
Elrond will launch Maiar DEX in November!
The project was reassessed, it turned out that the $ 300 token
is just the beginning of the race among the main ecosystems.
Next fixing levels after ATH breakage are round numbers only:
Partly fixing always preferable.
Only consolidation at my previous ideea, and some more levels.
We are moving in wedges since last ALTS market wake up.
The only worrying reason for me is the EGLD vs BTC graph ( the picture on the right ) witch gives us a new sell signal on MACD on 5 days candles... Let's see...
Big fundamentals ahead and DEX coming live soon...
We could see the TOP diagonal (red...
on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April.
I can see this probable scenario now on Elrond, the reasons are :
1- 2 Flat ABC in a row
2- 2 spinning top in a row at the 0.764
3- Impulse down impossible from my X point
Now possible retracement target i see are...
Here we can see the inverse graph of EGDL.
What I can see in the immediate short term (10 days)?
- 115-120$ (multiple supports: 50-200 ema + support trendlines + fib level)
What I can see mid short term (2 months)
- 400-500$ (fib level + target of the mega triangle + resistance breakout target)
Tough challenge in breaking heavy resistance
It may pull back $ 100 to $ 110
It all depends on the bitcoin trend
If Bitcoin does not fall, this resistance will be broken due to the average prices in recent days (EMA 20,50,100,200) and the shape of the Ichimoku cloud.
What do you think about this option?
I notice that the Stoch RSI is up, the buy on the MACD is almost over.
I think it is possible to have this movement. What do you think?
Does the Short continue until the confirmation of the support from 50-51 usdt or is it almost ready?
Mr Fibonnaci was a Italian and one of the most talented Western Mathematician of the Middle Ages.. Today is famous among pro traders for this sequence of Fibonacci numbers than simply drawing Fibonacci retracement and fibo extension levels.. If you want to truly harness the power of Fibonacci numbers, you should also consider using tool such as...