EGLD (Elorand) Facing a Moment of TruthThis is a cryptocurrency that was brought to my attention by someone in my latest stream. Two things I liked about this chart. (1) How this coin has been consistently outperforming Bitcoin with higher lows, and (2) how it is sitting in a sensitive spot right now that will determine its future path for many weeks ahead. I will keep adding to this idea as price action progresses. I will cover it in my next stream for sure. Let this be an anchor holder.
You can follow this chart here .
EGLD
Diamond pattern, will the bulls close the weekly above 48k?
Bullish indicators are popping up even though we need to see a good close today,
on my view if we are able to close above 48k it would be awesome.
But we need to stay vigilant for fake outs that might happen and wicks that can be formed to liquidated
more leverage traders (even though that the market is healthier at the moment on that point of view).
Happy new years, and thanks to everyone that supported me this year. I really appreciate all the comments and interactions with my ideas. Hope that everyone was able to make some good profits this year. Despite the dump in the end this was my most profitable year by far. I am awake to close the positions in case the cycle ends at the beginning of this year.
I almost lost hope but I will follow my strategy until the endSometimes is hard to hold when you don´t a defined jump out strategy, some moments are really scary and indicators flip against us really fast.
Not being able to have a defined strategy will always make you take bad decision in the worst moments.
We are not out of the water just yet, but this jump actually shows some really bullish potential, not fast moves, but a good trend can be formed.
1. We found support over the bull cycle trend line and already broke the ascending triangle that was holding us back.
2. We found support over the weekly RSI, just like we did in the past dumps.
3. Dollar index is falling right now, at least in the short term.
4. Whales accumulated big time during that dump.
5. Number of BTC`s in Exchanges are decreasing
This guy is the only thing that makes me still believe in BTCIt´s finally dropping, it waited until the last day of the year to do so.
People are leaving the dollar to go where? The stock market is not looking good, inflation is at it´s max.
The only assets that could benefit from it are Metals and Crypto. Let´s keep an eye on it.
EGLD Broke its downtrend. Let's go ($1000) 🚀This is just the beginning of the core activity of the Elrond ecosystem
Also, EGLD was recently listed on Huobi Global
EGLD now in a good zone to buy and I think by the end of 2022 it can reach $1000
Bitcoin is also close to its support (chart below) which is a good sign
However, BTC is not in good days and its better to be careful
Dear Friends, It would be nice to show your support by liking
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There you go, that´s a good beginning for a reversalNot even close of a confirmed reversal to the upside, but we are definitely testing 49k, and probably the 0.618 retracement from that dump.
After that is hard to say, so I would recommend getting ready to take some profits and rebuy it if we create support over the 0.618
EGLD to 750 conservatively by mid next year EGLD if you follow the monthly log chart is in a serious upward trend.
I expect a good year for crypto in the first half of 2022 with adoption for the Elrond Network Growing Exponentially.
My conservative price target is $750 mid next year, and if things go well $1750, with a moon boy target of $3000 plus
My bull run support was always that line from the beginning.My bull run support was always that line from the beginning.
BTC lost 8 weekly and 21 weekly many times during this bull run, which never happened before, so many indicators from the past got demolished.
But that support always lasted, loosing it will make me sell at least 90% of my portfolio, I am not loosing the hard work profits I got. Not this time.
If we hold it, this is a huge buy opportunity though, we are between heaven and hell here.
$EGLD LOOKING GOOD TO BUYThe green zone is the support and an opportunity for buying. I think the price will start an upward movement with the breaking of the ongoing falling trend from the ATH level. Red areas will appear as resistance and are suitable to take profit. My first target in the short term is $329.
Yeşil bölge alım için uygun destek bölgesi. ATH seviyesinden süregelen düşen trendin kırılımı ile yükseliş hareketine başlayacaktır. Kırmızı alanlar direnç olarak karşımıza çıkacak olup kar almak için uygun yerlerdir. Kısa vadede benim ilk hedefim $329.
EGLD/USDT Chart is different from others so what next..?#EGLD/USDT TA update:-
$EGLD currently trading at $242
Which is Strong support zone.
There are 2 Scenarios:-
1)- If hold this Support $223 then we can see $500 after then $950
So Need to hold $223 support zone.
2)- If break down $223 support zone then we can see $120-$130 area.
So this will be best entry zone.
And After hit this support we can see Big bounce toward $950
As Per Last fractals if happened then we can see $120-$150 also before Big leg up.
Support:- $223/$130
Resistance:- $470
10.6 is a great target for c98 if solana keep the good workVery speculative asset, but with really good fundamentals and small market cap.
This guy can 5x easily in weeks
And we broke the channel, lot´s of short will get liquidatedEven though this looked like a bull trap, on chain data shows otherwise, and since TA usually works the probability of goin over the 21 weekly is very high right now.
Also like I sad before, if we close the weekly above 49k is awesome, if we close above the 21 weekly is crazy bullish, we still have 2 hours for the close.