Can EGLD create a New ATH soon?Hi every one
EGLD / TETHERUS
EGLD has formed an Ascending Triangle which has not been Broken yet! the Price still has a chance to range in this Pattern. The Price can Do a break out soon and when It happens, EGLD can Increase as much as the measured Price movement.(AB=CD) if it happens, we will see EGLD at 340$ which is a new ATH for EGLD.
summery:
-EGLD is in a Bullish pattern( Ascending Triangle)
-No break out yet!
-It's Gonna Increase as much as the measured Price movement (AB=CD)
-Creating a New ATH is possible Right now!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Egldusd
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.2)In this first video, I'm going to show you why we are 100% in a bull market and why we could go for a multi-year bull market with multiple bearish months in the middle.
It's easy:
- look at the overall structure of the dollar index chart
- look at the monthly indicators
A weaker dollar = a stronger crypto right?
Well, what if...
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.1)In this first video, I'm going to show you why we are 100% in a bull market and why altcoins are going parabolic in October and maybe early november.
It's easy:
- look at the overall structure of the charts
- look at the moving and exponential moving averages daily crossing
- look at the weekly charts
Also, I'm speaking about a new scenario when it comes to the bull market which I called "the DOLLAR scenario". It will be discussed in Pt.2
EGLD will break out soon!Here's a quick Look at EGLD 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 256$
2. 278$
3. 300$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Elrond is in WXYZYZ 2 flat in a row ?Hi everyone,
on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April.
I can see this probable scenario now on Elrond, the reasons are :
1- 2 Flat ABC in a row
2- 2 spinning top in a row at the 0.764
3- Impulse down impossible from my X point
Now possible retracement target i see are inside the green rectangles. But Elrond can rise to the 0.85 from here.
Best to you..
Smart Money LONG | EGLDUSDLooking at this coin in particular if you are a crypto trader
Look to buy at 1 of these 2 levels to get the best potential price
Will EGLD break above 300$ again?!Here's a quick look at EGLD 1 hr chart. As we can see, the price has printed a bigger rising channel and is currently at the bottom the channel. This could be a good buy area, but we should be very careful of what BTC does next.
The best entry would be, when the price breaks above the Resistance line with good amount of volume .
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The idea is: Buy the breakout from the resistance line and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 288$
2. 300$
3. 324$
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
EGLD 1D H&S or not H&S, that is the question!It's been a long six months since we updated our thoughts on the EGLDUSDT trading pair, but it's time, because in the previous idea worked out all target:
Now we have EGLDUSD price at a crossroads, where to go next? We don't know the answer to this question either, we just have a few thoughts-assumptions that we will share:
1) Now EGLDUSDT has finally reached the target of $287 and even slightly higher than it was set in February. However, it is alarming that EGLD price has risen 5.5 times in 3 months, on tiny volumes. Therefore, we would like to see a 50% correction and super buying activity by buyers in the $140-175 area. If that happens — that opens the way for abnormal targets of $700-950 for the Elrond eGold token.
Share your thoughts in the comments, what could theoretically provoke such growth?
2) The growth on low volumes has prompted us to think that theoretically it could now form a "head" in a global head-and-shoulders reversal pattern. And the price of EGLD now can even jump to $370 , but such growth will not bring anything good in the future. After all, the global objective of the testing of the "Head and Shoulders" pattern is around $15.
To sum it up: there are two equal development scenarios on the chart: blue — much up, red — much down, and you choose (what pill)... which route to go further).
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EGLD to reach new highs within price channel based on MEX launchBINANCE:EGLDUSDT has been strengthening since it re-entered the longer term channel (shown). This is due to further development of the blockchain and partnerships. The upcoming Maiar Exchange (MEX) launch will have a significant impact on the utility of the Elrond blockchain (as seen by DEX implementations on other major blockchains). Once the ATH is breached, price discovery could easily propel price to the upper bound of the channel (price target), and possibly beyond.
CRYPTOCAP:EGLD
BINANCE:EGLDUSDT
BINANCE:EGLDBTC
[UPDATE SOL] BYE BYE SOLANA, See you soon! It's EGLD TIME!Well, this is very easy.
First,
--> 130-140$ (0.38 fib level)
then,
--> bounce back to 160$
then after some consolidation between 120 and 140,
--> 85-95$ (aprox 0.618 fib level)
then after some consolidation between 80 and 100$,
ready to go up again.
See you soon. It's EGLD time!
EGLD Price Fractals: Ready To Fly !Here's a comprehensive analysis on EGLD performed on a weekly time-frame and we will observe how the prices exhibit fractal properties over time. Also, we'll speculate upon the factors (listed below) which will lead the price to it's next possible New All-Time-High (ATH).
(i) The price momentum has been developing inside an "ASCENDING CHANNEL" since Dec 2019, with the middle line acting both, resistance and support throughout the course inside the channel and after the breakout from the middle line of the channel the price has repetitively surged towards it's ATH.
(ii) The Important Fibonacci Levels for every cycle seems to be the 0.382 level at which the prices retraces back after forming a new ATH.
(iii) After making an ATH, the price retraces and everytime the prices tests the Lower Trendline of the channel the demand pushes the price back to the upside with exceptionally strong momentum which unfolds the discovery of new ATH.
This type of extensive analysis is more of a speculation of the price development rather than prediction of price projected in the future.
Feel free to share your thoughts and your targets for EGLD in the comments below.
EGLDUSD - Finishing the 3rd waveHi and welcome back to my analysis channel. It's been a while since I posted my last trading idea and I would like to sart with EGLD since the chart says to us that we should close some positions because wave III is ending its formation soon. The next step is wave IV that will make a correction in the range between 130-160, after which we will be able to enter the 5th wave rally to gain bigger profits.
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The wave V has 2 ways of growth. First one reaches the 200 dollars resistance level, since according to Elliott Waves Theory, the extension in 3rd wave determine approximately the same size of waves 1 and 5
The alternative count says that wave V could reach 1.618 of w3, which is less probable. I think in this case we should follow some fundamentals in order to see if the EGLD has a basis strong enough to break some key levels and to grow bigger than the perfectly formed 3rd wave.
Thus the clearer image will be available at the start of that 5th wave
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I would also like to notice that the purple arrows you see where a prediction made by me without publishing it here. This is a good example of how useful can Elliott Waves Theory(EWT) be in predicting market moves.
Good luck in your trading / investment decisions guys. Like / comment / share to support my ideas if you like them
stay tuned ;)
[UPDATE EGLD] CONFIRMED 500$ for the end of Oct? WOW EGLD!!Here we can see the inverse graph of EGDL.
What I can see in the immediate short term (10 days)?
- 115-120$ (multiple supports: 50-200 ema + support trendlines + fib level)
What I can see mid short term (2 months)
- 400-500$ (fib level + target of the mega triangle + resistance breakout target)
Are we at a high for EGLD?Hey all, here is a quick analysis on EGLD / Elrond I'm looking into for a friend (Hi Johnny!). The descending wedge has broken on this daily chart indicating a (confirmed) move upward. We've been climbing consistently ever since the breakout however daily MACD indicates bulls are loosing control and we'll soon experience bearish price action. RSI indicator is overbought, this could indicate a short term reversal in price action on the daily scale. I would expect a dip in price over the next several days. Prices will still likely trace the macro crypto currency environment to some degree but this asset is likely to loose some traction when compared to other similar chains such as Stellar, Solana, and Cardano. Its not clear how far along they are on their development roadmap, but they have source code right on their home page which is a big plus in my book. This asset could surprise you but will have difficulty keeping up with other similar assets that have already taken over a large portion of the market share.
Over the last few days the price seems to have reached a top and is showing signs of a reversal already. This is contrary to the fact the 200 day MA is sloping up to (hopefully) intersect the 50 day moving average. This "golden cross" would be a highly bullish signal indicating we are only roughly half way through this move upwards. EGLD or Elrond has a market cap of $2.7 million and ranks #48 in terms of overall market cap. If I were holding a large amount I would want to know more about the dev team, how many projects the chain has, and how mature it really is. Does it work, or is it just vaporware wrapped in an ERC20 token? It's hard to tell sometimes.... when in doubt though, follow the money. coinmarketcap.com is a great way to see which assets in the space are receiving the most attention.
Best wishes and happy trading!
p.s. I am not a financial advisor and do not give financial advice.