EGLD
Don´t you love the silence of the bears right now?Well, after getting many critics by being bullish BEFORE fed announcement, I guess I can say a big I TOLD YOU SO now.
Not going to get overexcited right now, we are not even over the 21 weekly yet, but BTC will find the way like always.
Long term holders will always make more money in this market, specially if you buy the dips like I did with DOT, SOL and EGLD, my analysis are all here if you want to check.
Alts are ready to explode again in the next weeks, get ready, don´t waist your money with shitcoins.
🔥 EGLD Massive Ascending TriangleSince EGLD's inception on Binance, this token has been trading inside an ascending wedge formation. During the fall late last week the price saw a sharp bounce from the lower trend line / support area, indicating that investors were eager to step in around that area.
With Bitcoin seeing some slight downward movement at the moment, there's a decent chance that EGLD will go for a re-test of said trend line. Furthermore, if stocks (and therefore BTC) will keep dumping, this ascending wedge might break bearish.
Be aware that ascending wedges are classically bearish chart patterns, so there's a higher probability for this pattern to break bear than to break bull.
In case of a bullish reversal, look at the top trend line for a potential exit. In case of a bearish break out, look at the $170 area for a potential target.
Happy trading!
Elrond´s (EGLD) 4 tasks on the daily chartElrond´s 4 tasks on the daily chart...
1. break the MA Ribbon and turn it bullish
2. break the OBV resistance
3. break the RSI resistance
4. use the hidden bullish divergence and FIB golden pocket as support.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
Elrond (EGLD) Buy Zone - Signal !!!!!lrond ( EGLD ) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : LOW
Elrond is in uptrend and now trying to breakout the last resistance on Ichimoku and Volume Price.
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$ EGLD/USDT SPOT SETUP
Entry Price : 240 - 255
TP 550
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EGLDBTC fractal updatedI was asked to update this idea. I actually did some new analysis now that i re-study the chart again. Every time I look at it, I see new things (or maybe less...). I will also upload a new one for EGLDUSD that complements what is suggested here.
My suggestion here relies on Fibonacci levels and in different repeated phases i am seeing according specially to those levels. As suggested, the timing of each phase and between low/high peaks will be very different.
To me, it would be no surprise that we go down now to the 0.618 retracement level, the same we did in the past. Very important the note I add to the chart: I don't think this mean EGLDUSD goes down so much, it might mean than BTC have a good rally up before, while EGLD goes sideways in accumulation (see my idea Wyckoff #2 schematics).
EGLD: Wyckoff accumulation schematic #2The previous linked Wyckoff idea was invalidated today after having a lower low.
The traditional one can still take place.
Elrond retracement almost overHi everyone,
My count is presenting a very complex retracement for Elrond but almost over. 3 possible targets i see for now 254.90$, 241.31$ and 218.38$. Golden fib support is at 248.57$. Z wave show a max retracement at 200$... can be a wick, but i personnaly think the Golden Fib will hold.
Pattern we are currently inside is a falling wedge which is a bullish pattern
Best to you !
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price.
The price is falling to very strong support, where the EMA 200 Daily is also important.
This place of strong confluence TL + S/R + EMA200 is marked in the purple box.
Here we expect a strong price reaction and an upward price reflection.
If all the conditions of our Price action strategy are met, we will enter the Long Position.
Happy trading, Alex_UCT
Next 60 Day Elrond Expectation$EGLD bounce off bottom of channel with a clear step path forward.
Expectation based on broader crypto market behavior for overall trend.
EGLD will move counter to the rest of the market in alignment with the ecosystem's fundamentals and accomplishments on the roadmap.