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EGLD

Long EGLD EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost. Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators. Breaking volume is two time bigger than the average. OBV broke its trendline and reverses. MFI broke also its trendline and reverses. CMF rose from negative to positive values and this indicates buy pressure is back. A referenced TPs (blue lines) and SL (red one) are in chart. Al the best!
Long
by evasivesteering
4
[UPDATE EGLD] 2 easy scenarios. Play the range! Long vs short. Egld is the best chart of this inflationary bear market: 1) Long: long 46$. If we go above 58$ and hold it, you can compound your long position. The first target is 69$. If it deviates and stays above 69$ we can push it up to 100$ before new lows. (Also a clear long if we deviates below 42$ and reclaim 45$ fast). You can sell a big portion of Egld if we hit 100$. 2) Short: short 39$. if we go above 56$, deviate above but don't hold it, the first target is back in the range at 40$. If it goes below 40$ without any fast deviation above, we can hit 22-25$ easily. You can accumulate a big chunk of Egld at 25$ and ride up to 100-150$ in 2023/2024.
BINANCE:EGLDUSD
by Homocryptus
2
EGLD new wave?From a technical point of view, if most of the coins are on the chart at point A and falling down, then EGLD has started to go in front of the market, has passed through the 50th and 100th MA and trying to hold above them, which is already a positive sign. We would wait for more consolidation with going up and potential targets of $59, $68, this scenario is relevant as long as we are above the 50 MA. EGLD is the native coin of the Elrond blockchain, used to pay on-chain fees, staking, and reward network validators. The Elrond project itself is not only a smart blockchain, but also a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. In a sense, the project token will correlate with the successful development of the project. The entire ecosystem still has development potential, a significant number of projects can still be released in this network through its own launchpad with the support of Morningstar Ventures as one of the main investors in the project.
Long
by razumcapital
Elrond Bullish RSI Divergence Calls For at Least $10 RallyElrond (EGLD) has printed a bullish RSI divergence that supports more upside, at least until the next resistance around the $63 level is retested again. Additionally, Elrond is showing relative strength compared to the overall cryptocurrency market. These two technical factors combined offer a short-term bullish outlook for the Elrond price. Bullish RSI Divergence A strong bullish divergence between EGLD and the Relative Strength Index (RSI) oscillator was observed at the bottom of the current range near the $47 support level. The rally that emerged afterward doesn't seem to be running out of steam. Moreover, the price has developed the bullish RSI divergence in multiple time frames, indicating a potential bigger bounce. The path of least resistance is to the upside, as there are no clear resistance levels until the area between $63 and $65. EGLD Relative Strength Another divergence between the EGLD price and the Altcoin Index shows that Elrond is stronger than the overall crypto market. While EGLD's price broke above the mid-September high, printing a higher high, the Altcoin index continues to trade below its mid-September high. The divergence between EGLD and the Altcoin index may be just a short-term anomaly. Because we're still trading within a bearish cycle, this may be just a pullback, and sooner or later, EGLD could align back with the overall market direction.
by cryptohopper
1
EGLDUSDT 1D Currently, the price is in the range of important resistance. The first scenario is to have a price fluctuation between the range of 51/55 dollars. It is important to maintain the first support level of $51 and continue its positive trend.💹 If the price breaks from this range with a good volume, the stabilization above the range of $57 , we may see growth up to the resistance of $63. The second scenario is if the price corrects and breaks the 51 dollar range, we will see further correction to the important support range of $46 what do you think about it? 🙂
by mehrnaziji
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (51.34). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 56.83 TP2= @ 59.33 TP3= @ 62.51 TP4= @ 66.09 TP5= @ 69.42 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (51.34). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 56.83 TP2= @ 59.33 TP3= @ 62.51 TP4= @ 66.09 TP5= @ 69.42 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
EGLDUSDT Massive break above the 1D MA100.*** *** For this particular analysis on Elrond we are using the EGLDUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where EGLD broke above the Falling Wedge pattern that it has been trading in for a little less than 2 months. The most important development however is that today it broke above its 1D MA100 (green trend-line) for the first time since August 14. If the price manages to close the 1D candle above it, it will be the first time to do so since April 19! That would be on its own a massive bullish signal for the token as technically the next long-term target would be the 1D MA200 (orange trend-line), even though there are two Resistance levels involved (59.10 and 69.70) that shorter term traders can target. Be careful however of the 1D RSI entering the Resistance Zone that has been holding throughout the whole year. A rejection there should make you consider taking profits earlier. On the positive side, the 1D MACD is on a strong Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3