Key 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.
Here's a comprehensive analysis on EGLD performed on a weekly time-frame and we will observe how the prices exhibit fractal properties over time. Also, we'll speculate upon the factors (listed below) which will lead the price to it's next possible New All-Time-High (ATH).
(i) The price momentum has been developing inside an "ASCENDING CHANNEL" since Dec 2019,...
if EGLD does What I think it's about to do we're going to potentially see some very nice gains! On the daily chart we can see the Mac D curling up , along with EWO , already checked the 30 , hourly , and 4h charts. All look bullish to me. Good Luck, cheers!
EGLD has been under heavy accumulation for a long while but recently it has just broken out of the symmentrical triangle patterns, retested and now its moving.
You may need to zoom in to lower time frames for better entry ideas however, if you are a long to mid term holder of EGLD, it is the time to get in.
Elrond Gold (EGLD) has been respecting the trendline that can be seen on the chart for a long while. It has recently made a higher low on a 4 hour chart which gives an aggressive entry idea for those who do not want to miss the next wave up.
ELROND (EGLD) has been making a health correction for a long while after making a spike up in price and melted faces off. It has been under heavy accumulation since then and it is running out of room withing a text book falling wedge.
Set your alerts on TradingView to catch the breakout and enjoy the ride.
As you can see a bearish pattern is forming on the EGLD chart the head and shoulders with the pull back confirmation.
maybe a chance to buy the dip ?
Price target 120usd to 140usd.
***NOT FINANCIAL OR INVESTEMENT ADVICE***
Elrond is without a doubt on the rise and for good reasons.
The new Egold a top prospect in the crypto world. Maiar wallet is coming soon and
Elrond and Binance Smart Chain Integration will enable Strategic DeFi Interoperability.
Thus, Elrond can process upwards of 15,000 transactions per second ( TPS ), with 6-second latency, and negligible cost, attempting to...
Elrond Gold (EGLDBTC) grew by 3081% if you start counting on the late March low all the way to the early September peak.
After the September peak, we had 76 days of correction before support was hit on Nov. 18.
We had ~5.4 months of bullish action followed by ~2.5 months of bearish action... A new bullish wave is about to start.
We can see that EGLDBTC...
