EGLD hits the yearly downtrend will flyAfter crypto's big sell at the 2 last weeks, what was expected especially after russia stopped officially crypto transactions and the bearish market that was initiated for corrections (on 54000 zones of bitcoin and 40000 of Etherium) we are waiting for a big mouvement at 33000 zones (obvious h&s config what is repeated all the times in crypto & intended to push higher)
EGLD will fly higher as it retested the lower of all time downtrend.
EGLD
eGLD Retains Ascending Channel Support eGLD had a parabolic move on the launch of their latest service of the Elrond Blockchain - the Maiar DEX. After the inevitable retrace, it has found support at the equilibrium of the long term ascending channel. Looking for a continuation of the long term bullish outlook as long as the overall macro picture for the crypto markets is held.
EGLD - Breakout of falling wedge expected soonEGLD has been on a downward trend so long after it hits its all time high. Now expecting it to breakout of the falling wedge, HA candles are turning green and RSI coming out of over sold territory. As long as BTC stays positive the previous ATH can be seen quicker
$eGLD and its path North Barring anymore major rugs from btc, I see this for the near-term bull case. There are many catalysts pending for Elrond which will be updated at the next Town Hall meeting, which I think will contain info that takes this much further North than what I've laid out on this chart. $egld for the win!
Be a MILLIONAIRE with Crypto!Life time chance to be a MILLIONAIRE with little investment
Do you miss BITCOIN in 2010? ETHERIUM in 2020? Don't worry!!! Here it comes again.
Many of alt coins DOWN! Take your opportunities! COMP is only one EXAMPLE!
A T T E N T I O N ! Attention please for these coins;
EGLD
DYDX
AAVE
FIL
GALA
HNT
ICP
KSM
OCEAN
NWC
QTUM
SNX
SUSHI
THETA
YFII
ZIL
I'm not a finance adviser or mentor, I show you what I brought and hopes hold for 2-3 years!
Today is 2022 January 24. Most of alt coin markets show bottom of bearish trend and I HOPES END OF ''2022 MARCH'' Every markets takes next bull run!
Lets see one of example:
Compound (COMP)
* After 2020 December 02 price comes again to 122.3USDT
* After 2021 May 12 (Until NOW) its BEARISH market
- Days 252
- Market down percentage (86.24%)
* Best for long time holders!
EGLD DOUBLE BOTTOM PATTERNHello Guys , How's Going? This Days Market Crash and BTC and Altcoin Are bloody so you should be careful and set stoploss for all of you trading and do your own RISK MANAGMENT , SO EGLD after a big Retrace now I see the Double Bottom Pattern in 4H Time Frame , but as you know Btc is unstable so im setup my Trade and you can see in the chart , first target is 142$ and if neckline break we can expect to see 170$ , NOT FINANCIAL ADVICE
HAVE A GOOD TRADING FELLAS
Should I buy EGLD now?Hello and welcome to my idea about EGLD / USDT.
If we take a look at chart we can see how EGLD just had a dump (-50%)
If u don't have EGLD you just can wait. In my opinion It will dump again probably 50%.
Let's see why.
MACD histogram show us one signal but isn't enought to be bullish on price.
RSI didn't was in over sold area yet. If we take a look in past it show us a good nivel to buy.
So we just can wait to see how price will move. If u want to be sure you can buy 10%/15%.
EGLDBTC fractal updated v2Hi there.
I did an update to the 0.618 retracement that we are experiencing right now. I corrected the top levels to the yellow ellipses, which makes more sense. I cleaned up a bit the mess and marked some blue levels on the down side.
So more consolidation for another 10 days or so? Then we party.
🔥 EGLD At Massive Support AreaSix weeks ago I made an analysis on EGLD. In this analysis I discussed the ascending / bearish wedge pattern and the bearish target in case of a bearish move.
As of this week, the bearish target of $170 has been reached and EGLD is currently trading near a huger support area.
It's certainly possible for EGLD to drop further inside the area of support, but a weaker BTC would be needed for that. Since BTC appears to be relatively bullish in the short-term we might actually reverse from this area.
For the coming weeks I've got my target placed at $300. Not sure how much juice EGLD has left in it since it made a 70x already, but who knows.
Happy trading!
TRIAGLE AND TRENDLINE BULLISH SIGNALAn almost perfect triangle is being formed along with bullish trendlines.
#1 SCENARIO
If we broke the level 202 USDT, we will be able to pump to 220 USDT and then to the previous consolidating level between 233 - 240 USDT.
#2 SCENARIO
We will follow the current bearish trendline up to the nearest massive support zone around level 180 USDT.
Any comments, thoughts, ideas are most welcomed to be shared!
Thank you for reading!
Elrond EGLDBTC - Huge Falling Wedge + Elliott Wave Diagonal- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!