Elrond (EGLDUSD) hit today its 1W MA50 (blue trend-line) for the first time since April 2022. If it manages to close a 1W candle above it, it will be a major buy signal. On top of that, the long-term pattern appears to be an Inverse Head and Shoulders (IH&S), which technically is a formation that emerges on market bottoms. As a result, if we get that 1W candle...
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...
*** ***
For this particular analysis on Elrond we are using the EGLDUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where EGLD broke above the Falling Wedge pattern that it has been trading in for a little less than 2 months. The most important development however is that today it broke above its 1D MA100 (green trend-line) for the...
Elrond (EGLDUSD) is having a strong 1D green candle currently but it remains under the selling pressure of a Lower Highs trend-line since the March 28 High. That price action in fact resembles the selling pattern of December 2021 - early January 2022. The price continuously failed to break above the Lower Highs and as a result dipped another -37% to price the...
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...
Hi everyone, hope you are well this morning.
Same has Bitcoin, Elrond is confirming a M pattern on the resistance Neckline, the pole is bringing us to between 69.35$ and 71.10$
Have a great day.
EGLD team came out with launch of Elrond 2.0 . To server billions people and scale.
Good news received with revival move for EGLD.
Earlier breakout confirmed. I took first profit at $157 - $160 .
Retracement in play. Support level holding pretty well.
I expect an upward bounce from thence.
I am bullish on EGLD atm. We move to retest previous price and...
Hi guys,
here are some possible entry targets to watch on this wave 4 if 185.84$ was the top of retracement of W4 of A.
0.618 = 166$
1 = 153.5$
1.236 = 146$
1.618 = 133$
If the W4 of A change and go over 185.84 ii will post update here.
Thanks for your support!
Have a great day !
Really good signal from the EGLDBTC chart. Probably the news of the latest technological advances united at the moment has developed the right condition to finally see this project explode. Let's hope.
Priceline of Elrond (ERD)/ US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0018636 to 0.0018373
Sell between: 0.0018888 to...
$ERD
Didn't completely fall out of the sky alongside the other IEO's. I'm thinking we retest the range EQ followed by a bounce to retest the 30 sat region; from there idk.
Pattern: Channel Up on 1D.
Signal: Bullish after every upside break out as the price seems to be filling every gap from the July/ August downtrend.
Target: 0.00000050 (if 0.00000035 breaks) and 0.00000065 (if 0.00000035 breaks).
