EGLD moving inside Channel518 - 800 will be my bullish targets for EGLD, SL will be below its ATH retest zone.
EGLD
🔥 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!
EGLD Falling Wedge Has a higher probability of breaking up rather than down. If trading this idea its usually best to wait for confirmation (close) above or below the pattern to take a position.
No targets provided. Do your own research.
If the S&P loses the 21 weekly things can get uglyWith the dollar rising volatile markets are under downward pressure. BE CAREFUL RIGHT NOW!
After the 21 we have the 56 weekly, and that one is far away. It could push the markets down big time.
EGLDUSDT - 1D - Long Signal💡💡#SIGNAL 💡💡
EGLD / USDT
Buy in two bloock
(201.8 - 203.8)
(191.5 - 195.9)
SLT trigger 1D
EGLDUSDT_1D_12012022
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!
Is the dollar coming back to the channel?This movement could mean for downside for the volatile markets in the next days.
Be ready for the market opening today.
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!
What is the next very short term level?In the very short term it's rising but pay close attention to the resistance from 215 USD.
Because there are no large volumes of EGLD it's possible to stay on the downward trend towards 160 USD.
This is not investment advice!
EGLD LONGA 2D close above 200 would signal the S/R therefore following move can be seen.It has been one of the coins that haven't done a meaningful move for a while. There is a great chance for EGLD that bottom is in , if it manages to close above.
So many bullish formations but such an ugly trend, what next?So many bullish formations but such an ugly trend, what next?
We have a huge falling wedge with a small Inverse H&S forming a cup and handle inside it. What the hell.
Anyways, even though the trend is very ugly and looks like it could take some time to recover, and S&P felt badly yesterday,
the dollar is free falling, and when that happens BTC usually gets exited, but the S&P too.
Even if we break it to the upside here we need to be careful when the markets open tomorrow.
Does EGLD reach 225USD resistance today?If it reaches 0.618Fb pay attention to the resistance range!
It looks like the dollar support is officially brokenIt looks like the dollar support is officially broken, we are definitely going to visit lower values here which could
bring the volatile markets up, including S&P that looks ugly but found support.
And Crypto, even though they look ugly, they are trying to break the downtrend, let´s see what can happen next.
EGLDUSD is holding its 1W MA50. Bottom formation possible.Elrond, a crowd favorite among crypto traders, hit last week its 1W MA50 (blue trend-line) and so far on the current 1W candle is holding it. This makes it a Support, in fact it has been the long-term Support since the May - June 2020 bullish break-out.
As you see on this weekly time-frame, using the help of the Sine Waves to better illustrate EGLD's cyclical phases, when the price hits the 1W MA50 it forms a Support, consolidates for around a month and then starts a strong parabolic rally. The previous corrections have both been around -80% and even though the current is just short of -70%, we have to watch the 1W MA50 closely for a potential bottom formation this month into February.
Our next Target is the 5.0 Fibonacci extension level at $765.00. A break above the Higher Highs trend-line during the next rally phase, would place the target even higher within Fib 5.0 and Fib 6.0.
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Breaking that channel could led to recovery of the marketsThe dollar is free falling again, will it last? I hope so for the markets.
Specially Crypto and Commodities. Don`t rush in like crazy, but this is good sign for sure.
EGLDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. You see the resistance line R1. The price has broken R1 but has not stabilized above this line yet. If it does, it can gradually move up to the area shown on the chart. It is possible for the price to make a pullback to the S1 line and then go up. If it goes below the S1 line then there would be more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
$EGLD Elrond Daily SetupA potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.
Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
However it is only a probability within current market environment, BTC might swing down and the setup invalidate.
EGLD, THE NEXT PREDICTED MOVE...!EGLD is on both dynamic and static supports and has formed a bullish pattern. Also the RD+ (Macd Regular Divergence) is clearly showing a strong bullish signal.
*Attention: This is not financial advice. market is still uncertain and also today is really important. Be careful, please.
-Tnx-
EGLD - ELRONDElrond 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 transactions per second, six-second latency and a $0.001 transaction cost.
The blockchain has a native token known as eGold, or EGLD , that is used for paying network fees, staking and rewarding validators.
EGLD is a project that I like, it delivers and especially, I like the price chart. :)
Short EGLDKey levels & supply and demand zone:
0,001923 - 0,002260
0,003722 - 0,003965
0,004865 - 0,005277
Notes:
0,003722 - 0,003965 I expect the price to drop to this area before making a rally back to ATH. If it breaks lower, it will go to the lower supply and demand zone.
Time to buy some Egld?Hello and welcome to my idea about EGLD/USDT.
Today we will take a look at EGLD. If we look at MACD we can see how histogram make cross and show us a bearish time.
RSI is close to oversold area.
If we look at VPVR, we will see next support nivel at 150$ so we can put some buy orders there.
See u next time.
EGLDUSDT - LONGBased on technical factors there is a long position in EGLDUSDT Elrond
EGLDUSDT Elrond
Score 3️⃣
🔵Long Now or set on Key Level 194.45
🟢Target 1 211.50
🟢Target 2 228.00
❌Stop loss 190.70
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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