EGLDUSD.P trade ideas
EGLD 15 Min USD pairAlso forming a pennant on the calculated USD chart.
Pennant decision an hour later than on the bitcoin pair.
Could be an inverted H&S.
Will mostly depend on bitcoin looking at the spikes in the chart.
We will see how this plays out.
Elrond EGold (EGLD) to 330$ and 1449$ short term targets.Hi everyone,
Egold is having a great push on the upside and his market cap just by almost 3B on 8 days which is remarkable
but there is some reasons for that, some Dev in the DEFI world are beginning to think that EGold would be the solution
and offer a powerful structure that is surpassing by far Ethereum. Ethereum struggle, modifications are complicated
and their developpers are saying that they try to change an engine on a car that is already moving on the road.
Elrond offer 15000 transactions per seconds with an average cost of 0.001$ and Ethereum offer 15 transactions seconds with an average cost of 10.20$.
One other advantage is the adaptative state sharding of Elrond which make the network much more efficient & scalable. They also have a Virtual Machine
VM WASM that is incredibily powerful. Adoption is fast with the possibility of staking EGLD at 29% API.
Here are some possible EW possible short term targets.
330.16 (161.8% fib)
1449.39 (200% fib)
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EGLD Bullish Breakout EGLD is a great asset to have in my opinion. The total amount of coins isn't too high. Even at the cost of the coin currently, is a a good buy. A nice retest of the R1 would solidify a continuation of this trend. The RSI is making higher lows, looking for a nice bounce. I can see EGLD getting to 500 per coin no problem short term in my opinion.
Is Elrond the STRONGEST Crypto Project?Elron is still very early - it just crossed the 1 Billion Dollar market cap.
Ridiculous low transfer fees, extremely fast and reliable, the project with the most active development in the crypto space.
In development: Full interoperability with 5 networks, oracles with Chainlink and Band protocol + aggregating pool for CEX and DEX with Orion Protocol, Binance Leverages the Elrond Blockchain for Fast & Inexpensive BUSD Stablecoin Transfers , they are launching Maiar app today as well.
Most important:
I see most of the crypto projects failing and most of them will fail, because they are being run by developers who aren't very business savvy. They lack the skills to develop the startup into a scaling platform.
Elrond CEO is Beniamin Mincu and if you've seen any interviews with him, you'll know what I'm talking about in contrast to other crypto projects.
Short term target: $110-$170
Near term target: $220-$290
Midterm terget: $440-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
Elrond EGLD upside potential for Wave 3 at 151.94$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 become the backbone of a permissionless, borderless, globally accessible internet economy.
Here a some technical key aspects to be bullish on Elrond :
-Current Supply : only 16 768 545 EGLD
-Total Supply will be : 21 074 792 EGLD
-Total Delegated stacking : 7 millions EGLD for 340 millions dollars
-Total Validators stacking : 6.2 millions EGLD for 300 millions dollars
Elliott Wave Analysis.
Potential Main Wave 3 fibonnaci targets
-71.52$ (161.8%)
-111.73$ (261.8%)
-151.77$ (361.8%)
Current support on D for EGLD
-EMA Ribbon between 38$ and 30$
-MA21 at 38.21$
-MA7+9 at 40 .81$ and 41.45$
I will post many follow up on Elrond every week, stay tuned!
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Leave a comment, or ask a question.. i'll do my best to answer you.
Best to you !
EGLD weakening uptrend, possible reversal?Hello traders,
On 1H EGLDUSD chart we can see that last week EGLD pumped nearly 100 percent. It was without any bigger correction, EGLD just forme 2 triangles. Somebody may consider this as correction but i personally need something more deep. Also, another big factor that convinced me that EGLD may reverse its trend is RSI. We can see clear bearish divergence on RSI - RSI was falling while price was rising = storng signal that trend may be soon over and buyers are loosing power and strenght.
So i am opening short here, putting SL around 63-64 and i have 2 TPs and they are support lines which are market in chart with yellow. They are also bases for that 2 triangles.
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED
EGLD to break triange. Looking for higher levels. Hi,
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
Elrond swing trade to 80broke through previous high. short term target 78 and could see more. also possible this is a different count where the wave 1 was the .382 (30 high) and started wave 3 (a lot more bullish)
Bullish flag in Elrond - trend continuation is being preparedFrom a technical point of view, #ELROND could be on the verge of another trend continuation. The recently formed bullish flag could be an indication for this. A breakout from the chart pattern would activate the next price target at around $38.
egold ??? i dunno what this isanyway, this is another type of buy the trend vs buy and pray (my last upload).
i dont normally like buying stuff like this as its going straight up, because i think its gonna pull back, anyway, on any pull backs ill try to buy some.
EGLD following FIB channelLooks to me like it is following this FIB channel since December 1st and depending on where market goes we either continue trending up, or we touch the stronger support eventually in the following days. What do you guys think? long or short then long?
Lets go!
eGLD clear diagonal support. Support line from ERD --> eGLD support. Bounced off it and bottomed out perfectly.
egld looks like a buy here too bad im not on binance :(i wish i was on binance to buy this. maybe one day :(
Clear support!We are seeing EGLD supporting the downtrend that it's been on since its conception! Be ready! 📈
EGLDUSD UPDATEEGLD USDT THERE ARE TWO SCENARIO :
FIRST SCENARIO : *I AGREE WITH THIS AND IT'S POSSIBLE AND BELIEVE HAPPEN*
Elliott wave triangle ABCDE AS I EXPLAIN INSIDE CHART DOWN FIRST AT 8-6 USD THEN UP TO 10-12 USD THEN DOWN TO 5 TO 2 USD
*PLEASE: don't make action to sell all of your EGLD this is for who want to trade to take idea under his responsibility .
SECOND SCENARIO: MAKE W STYLE TRADE ABCD DOWN TO 11.5-9.5 USD THEN GO UP TO 16-20 USD
THIS ANALYZE TO TAKE IDEA PLEASE MAKE YOUR RESEARCH BEFORE TRADE UNDER YOUR RESPONSIBILITY .
GOOD LUCK
Accumulate! May dip to 10!We won't be able to know where bottom is. What we do know is there is going to be serious Defi Projects coming out of the wood works. Do your research but Elrond are not slowing down! Like in the name E-Gold this is the perfect opportunity between $10-$14 to accumulate. We know that there is a max supply of 21,000,000 just like Bitcoin. I see this as a rare opportunity. There is not alot of data out for this coin but DO NOT PANIC SELL IF IT HITS $9.
EGLD Elrond steady growth! 📈With the partnerships with several high profile projects like X Dai we will see serious growth and scarcity among these coins with defi being the biggest push in this bullrun.
