Get started

EGLD

EGLDUSD between the 1D MA50 and 200 waiting for a break-out!Elrond (EGLDUSD) is rebounding since yesterday after coming very close to the 1D MA50 (blue trend-line), which has been supporting since the January 13 bullish break-out. Practically after the February 08 rejection, it has been ranging within the 1D MA50 and the 1D MA200 (orange trend-line) waiting for a break-out to gain volume. With the 1D RSI on a Channel Down (i.e. Bearish Divergence) similar to October 04 - November 03, we may see a strong correction towards the market bottom if the price closes a 1D candle below the 1D MA50. On the other hand, since the longer term pattern has been a Channel Up since the June 13 Low, a closing above the 1D MA200, will be a bullish break-out for us, targeting the top of the Channel Down. A pattern that may have gone unnoticed and could be the one that will influence the price the most, is the Inverse Head and Shoulders (IH&S) that started forming after the November 09 drop of the FTX crash. Its 0.618 - 0.5 Fibonacci retracement levels are the Support Zone so far, its 1.5 Fibonacci extension can coincide with a Lower High on the Channel Down, and if broken, our ultimate target will be the 2.0 Fib extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:EGLDUSD
by TradingShot
6
EGLDUSDT 4H BULLISHThe EGLD is currently transiting the median of the Keltner Channel heading towards the upper band, where it should reach the upper edge of the bullish channel and decrease a little. Bullish RSI , indicating exhaustion of selling forces and the Ichimoku Cloud transiting below the asset , makes the EGLS pair totally bullish. A limit order on one of the supports would be a log option for today. Here are the supports and resistances in the 4H: Main support levels: 44.87 / 42.88 Main Resistance Levels: 47.63 / 49.29 Elrond was a blockchain platform that specialized in offering scalability solutions, using its adaptive state switching technology. However, the company announced its transformation into MultiversX last November. The renowned company's main focus is now on the metaverse, as signaled by the launch of three new products: XFabric – A fully customizable blockchain module. xPortal: An application that will act as a portal to the Metaverse. xWorlds: A mechanism to be used to create virtual worlds.
Long
by ferulianov
[UPDATE EGLD] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use EGLD as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO. Reclaim 38 and we can talk about "deviation" for now
CRYPTO:EGLDUSD
by Homocryptus
1
EGLD long term scenarioWe have strong buy SIGNAL on 1W TF. Also, I've marked some fibo levels, and the TF for what I belive is to come. RSI is also out from this selling channel. We have to say that MultiversX has a looot of amazing fundamentals. They are going to launch a product once on two weeks from now till may 2023. Also, they have one of the most serious teams in cryptoworld. Great TECh, super fast chain, amazing comunity! I'm all in EGLD and MultiversX. This is not a financial advise! It's jus my opinion. Cheers GUYS!
Long
by Bogdan_TOMOIAGA
EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders, Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible, Points to consider, - Price action corrective - POC Resistance - .786 Fibonacci Resistance - Weekly S/R Resistance EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias. The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range. Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
Short
by AzizKhanZamani
2