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...
As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to...
An Idea suggesting a breakout of this wedge structure and movement higher will come
Optimal area for price to be would be along the white dashed line
Breakout please
#EGLD - we have multiple confluences and probabilities.
Analysis is done for the swing trade opportunity.
The first scenario is more optimistic showing only a retrace and continuing the trend. But there is a possibility that the price may liquidate the trendline and make a consolidation at the extreme buy point before continuing its upward movement. Be...
after it lost the 0.38 Fibo level at $40 it is going to 0.5 Fibo level at $17.8, 1.6(5) at $11.67, and 0.61 Fibo level at $7.7. it could rage between $10 and $20 for a while as the iv wave.
On this 4Hr chart EGLD is within a tight structure
A curved bowl formation has formed. I like to think that these break down bearishly and this works well with a strong support line in green.
From there I expect the bulls to take back control, its just a matter of when. I have pasted a bars pattern showing this awesome recovery.
Longing is always appropriate in...
The title says it all man. We still go down 50% first and after that we gon see $1500-$2000 EGLD. IF it dont it dont. but im betting it iwll.
P.S - Not F.A
DYOR
I still expect a corrective move for Elrond for the completion of wave B for a 2-3X for the next year.
The whole idea it's in the chart. I would love to buy Elrond under 10$ for the BIG 3rd wave that wil begun in 2024.$$$$
Same story as many charts specifically alt L1's - the majority of alt L1's are growing a lot faster than ETH did which I believe will cause prices to rise on many of these projects a lot faster than ETH did in the future as the network effects take over and adoption comes. Also note that a monthly pivot has formed here at the top which is usually indicative of a...
Egld is the best chart of this inflationary bear market:
1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit...
EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD EGLD to 57 USD
![EGLDUSD: [UPDATE EGLD] Nothing changed. What if?](https://s3.tradingview.com/o/O4eTiyEh_mid.png "[UPDATE EGLD] Nothing changed. What if?")
![EGLDUSD: [UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short.](https://s3.tradingview.com/p/pJG4L2nJ_mid.png "[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short.")
