Hey everyone,
E wave inside ABCDE in yellow was a FLAT ABC trap. Egold only have 2 MA's, 3 Months MA9 at 112.70$ and 5 months MA 7 at 108.65$. Losing this can easily bring the eGOLD on next strong support which is 85$. I see Elrond is this Grand WXY in Blue. 2 top bear market log fibs are 0.382 which is 36-37$ for Elrond, and logo 0.30 at 65.50$ but weakest...
Elrond bounced off the ascending trendline and the support area. Asset broke through the descending trendline. Bullish movement to resistance level at 203 is expected to happen.
Elrond is approaching near its breakout zone. If it breaks thezone with a good volume, then we presume that it can go to as high as 220USD.
Even if it comes down for a slight pullback, there is high chance of it breaking that resistance trendline.
Like if u can relate (:
This projection is based on the past trajectory of EGLD moves.. of course if the world as we know it don't collapse.
The descending channels are very similar and so far the ascending channel too. We already had as SoW the rejection of the middle of the channel, bottoming and recover. Of course the end of the run (dates and values) are based on the slope angle and...
Elrond (EGLD) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
We've once again retested long-term support and bounced from from our slight sub $128 zone, pushing price back up to around $134 where we're currently trading.
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$EGLD/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 128 - 134.75
TP 1 : 140.5
TP 2 : 145.2
TP 3...
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 $BTC
This pair is trading at very low prices compared to history. The price has been falling for some time and while doing so it has formed a downtrend. This trend may be broken if the price manage to close above the 225$ which will indicate a change of momentum and bullish trend.
A potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.
Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
However it...
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...
240, 200 is a powerful support for EGLD.
Continue dollar cost averGING
IM EXPECTING A push from here.
I currently have 153 EGLD
my target is 500, 1000,
EGLD if you follow the monthly log chart is in a serious upward trend.
I expect a good year for crypto in the first half of 2022 with adoption for the Elrond Network Growing Exponentially.
My conservative price target is $750 mid next year, and if things go well $1750, with a moon boy target of $3000 plus
I have my reasons to buy back $EGLD here. Above that resistance shown here we might aim for very nice targets following the extraordinary TA and the levels set plus the FA which is excellent.
