EGLD
#EGLD SHORT 🔴 LONG🟢#EGLD/USDT 🔴 SHORT ⚠️ HighRisk
Entry : 50.90 - 51.85
Take-Profit : 50.10 - 49.40 - 48.75 - 48.10 - 47.45 - 46.75 - 45.85
SL: 52.65 4h CC
#EGLD/USDT 🟢 LONG ⚠️ HighRisk
Entry Targets: 47.55
Take-Profit : 49.87 - 50.15 - 50.155 - 50.450 - 50.700 - 51.000 - 51.400 - 51.900 - 52.500 - 53.100
SL: 46.000 4h CC
EGLD/USDT HELLO GUYS THIS MY IDEA ABOUT EGLD Usdt is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push Up the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
REBENGA TURTLE TRADER
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (49.43).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 65.47
TP2= @ 74.53
TP3= @ 87.24
TP4= @ 96.06
TP5= @ 103.42
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EGLD/USDT Elliott Wave CountEGLD Elliott Wave trade idea
I think we have an expending leading diagonal for wave A or 1 , an ongoing WXY complex correction for wave B or 2 that I think will bounce into the blue box.
Let's see how the market develop from here. I will update count later.
I am long for short term also I will take this trade for at least a C wave with entry form the blue box.
If you like my analysis please give it a like and don't forget to subscribe for my future counts. Thanks!
Elrond (EGLD) Surged 24% Today as the Broader Crypto Market SlipToday, the cryptocurrency project Elrond saw a surprising double-digit surge of 24% in the price of its native coin EGLD. In contrast, the overall crypto category slipped 2% as investors processed through the Federal Reserve's decision yesterday to increase interest rates by 0.75% -- marking the largest single-day hike since 1994.
EGLD is often called eGold, which seems fitting today as its price across cryptocurrency exchanges jumped as high as $57.50 over the past 24 hours -- it has retraced a bit since then, however. It also had a whopping 85% pump in trading volume over the same timeframe as a mini-FOMO run that appears to be occurring around one of the few bright spots today within the crypto space.
At the time of writing, most other cryptos in the top-10 projects based on market value were trading down including Bitcoin, Ethereum, BNB, Cardano, and XRP. By comparison to those other blockchains, Elrond's website boasts that it's 1000 times faster than it used to be and able to process 15,000 smart contracts per second while providing settlement for each of those transactions in seconds for only fractions of a penny.
Where could EGLD be heading to?BINANCE:EGLDUSDT
R1: 61-67
S1: 31-38
S2: 21-28
EGLD is currently heading towards R1.
If fail to break R1, it would most likely test S1 or even go lower to S2.
Entry Ideas
(LONG)
- Buy Market
- Buy Limit 1 @ 31-38
- Buy Limit 2 @ 21-28
(SHORT)
- Sell Market
- Sell Limit @ 61-67
[UPDATE EGLD] Consolidation first <100$. Superwave coming >1000$#Elrond has been a profound source of inspiration for the past 2 years when it comes to my business, marketing and communication style and of course, since the beginning, I’ve tried to bring this modus operandi to
@MiraiLabsExp
Elrond is an example.
This is the last chart for this year (inverse chart). I still believe we need a couple of more months of consolidation (45$-75$) before the super 🌊(Aug —-> ?). Would be cool if some of the green e-commerce products built by @MiraiLabsExp will make a transition to the green blockchain of Elrond 🌊🪐
EGLD : Reversal Soon?EGLD / H4 / Log chart
Elrond will possibly form a Triple bottom support here and incase of bearish reversal, Confirmation will be a downtrend break and Supertrend giving a buy signal.
Longing some #EGLD When Downtrend line gets broken and Supertrend indicator gives a Buy signal.
1.65 million EGLD hack. $113 million Elrond eGold stolen!The decentralized exchange Maiar, native to the Elrond blockchain, has been temporarily taken offline after an attacker deployed a smart contract that allowed him to withdraw over 1.65 million EGLD.
The attacker sold around 800,000 EGLD, worth around $54 million.
The price of EGLD on Maiar went from $76 to around $5.
After this first critical bug issue on Maiar, my buy area for EGLD is $26.
[UPDATE BTC.D] 34% first in July (trap). Then 29% in Oct (final)It's happening. Look at the similarities with Tornado Cash pattern below
I believe we are gonna see a very short and fast bear trap in July for altcoins (immediately after BTC reaches an ATH). A very quick dump to retest the 40% BTC.D
I then forecast as I said since 2021 a potential final altcoin melt-up during Sept and Oct 2022 where we can reach 29-30% during a bitcoin consolidation phase
🚩EGLD: falling wedge breakout! Wait for confirmation!EGLD price made a bullish wedge after a false breakout. As we know, the crypto market has its own specifics of patterns. Often it happens with manipulations, collecting of stop losses, false breakdowns, etc.
In this case, the manipulation was the first time when the wedge was broken out, when the candle collect liquidity above the wedge and returned to it. The price fell by 8-9%, almost the same as the entire crypto market. It`s not to much and show the bulls power. By volume, we see that this altcoin has been bought 3 times at the bottom. This indicates a big player who is accumulating a position.
Locally, we might see a breakout of the bullish wedge. If the volumes grow on price pullbacks, it will confirm our bullish scenario.
Targets can be identified by the horizontal volumes indicator. It`s the largest value areas, where the most of traders will close their position:
$90-93
$107-110
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.