EGLD in ascending triangle and considering news and volume maybe it broke the triangle and channel and grow to top of the channel and Resistance line & maybe more
rsi is in good position too (daily)
buy around 240 - 245
TP: 285 - 350
SL: 220 (daily candle under 220)
Only consolidation at my previous ideea, and some more levels.
We are moving in wedges since last ALTS market wake up.
The only worrying reason for me is the EGLD vs BTC graph ( the picture on the right ) witch gives us a new sell signal on MACD on 5 days candles... Let's see...
Big fundamentals ahead and DEX coming live soon...
We could see the TOP diagonal (red...
Hi guys, it looks like the price is moving in a triangular pattern. Wait for failure and move with failure. If the failure was from the top of the triangle, you can use the long position, and if the failure was from the bottom of the triangle, you can use the short position. Be profitable
Hi every one
EGLD / TETHERUS
EGLD has formed an Ascending Triangle which has not been Broken yet! the Price still has a chance to range in this Pattern. The Price can Do a break out soon and when It happens, EGLD can Increase as much as the measured Price movement.(AB=CD) if it happens, we will see EGLD at 340$ which is a new ATH for EGLD.
-EGLD is in...
Usually I tend to use log charts for my wave forecasts however sometimes when there is not much data to go off I will switch to linear, In doing so the targets are not nearly as big. Regardless the count is still Bullish Long term if our wave 2 holds.
EGLD is in an Ascending Triangle that is posed to break towards the upside
Measured move target is around $450-500 if we can get past the $270 and $300 major resistance zones
Folks are sleeping on this sleeping GEM, less than 1.1Mill EGLD left in Exchanges
on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April.
I can see this probable scenario now on Elrond, the reasons are :
1- 2 Flat ABC in a row
2- 2 spinning top in a row at the 0.764
3- Impulse down impossible from my X point
Now possible retracement target i see are...
There's a high chance Elrond's EGLD will repeat the same pattern as beginning of 2021. If so, then we would see an uptrend of approximately 70% towards the $423 mark in the next few weeks. With upcoming news towards their Maiar DEX launch and LaunchPad this year, chances are high Elrond is currently loading up for a big leg up.
✅What Is Elrond (EGLD)✴️ ?
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000...
Around a week ago I made an analysis on EGLD. Here I argued that EGLD was following a bullish channel and was most likely making a shot for a new all time highs in the near future.
As of today, EGLD has finally broken out of the $255 resistance. Currently, BTC is slightly...