Egldusd
Is Elrond the STRONGEST Crypto Project?Elron is still very early - it just crossed the 1 Billion Dollar market cap.
Ridiculous low transfer fees, extremely fast and reliable, the project with the most active development in the crypto space.
In development: Full interoperability with 5 networks, oracles with Chainlink and Band protocol + aggregating pool for CEX and DEX with Orion Protocol, Binance Leverages the Elrond Blockchain for Fast & Inexpensive BUSD Stablecoin Transfers , they are launching Maiar app today as well.
Most important:
I see most of the crypto projects failing and most of them will fail, because they are being run by developers who aren't very business savvy. They lack the skills to develop the startup into a scaling platform.
Elrond CEO is Beniamin Mincu and if you've seen any interviews with him, you'll know what I'm talking about in contrast to other crypto projects.
Short term target: $110-$170
Near term target: $220-$290
Midterm terget: $440-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
Elrond EGLD upside potential for Wave 3 at 151.94$Elrond is without a doubt on the rise and for good reasons.
The new Egold a top prospect in the crypto world. Maiar wallet is coming soon and
Elrond and Binance Smart Chain Integration will enable Strategic DeFi Interoperability.
Thus, Elrond can process upwards of 15,000 transactions per second ( TPS ), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Here a some technical key aspects to be bullish on Elrond :
-Current Supply : only 16 768 545 EGLD
-Total Supply will be : 21 074 792 EGLD
-Total Delegated stacking : 7 millions EGLD for 340 millions dollars
-Total Validators stacking : 6.2 millions EGLD for 300 millions dollars
Elliott Wave Analysis.
Potential Main Wave 3 fibonnaci targets
-71.52$ (161.8%)
-111.73$ (261.8%)
-151.77$ (361.8%)
Current support on D for EGLD
-EMA Ribbon between 38$ and 30$
-MA21 at 38.21$
-MA7+9 at 40 .81$ and 41.45$
I will post many follow up on Elrond every week, stay tuned!
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EGLD/USD - Cooldown to $40 then $65!EGLD is very bullish with great gains these past two days, however, right now we are under resistance which pushed us lower. As you can see we've formed an ascending channel that will take us higher if it holds.
I expect us to cooldown a bit, maybe touch the low $40 price levels and then push higher. If we fall to support, that will be a good opportunity to enter.
The indicators on daily are bullish and RSI is looking a bit interesting as we formed a bearish divergence, but this can be invalidated if price maintains it's upwards momentum. Volume on this last breakout looks solid, so I am not too concerned.
Bias is bullish, but wait for this correction to end as it's unlikely we push higher in the immediate future. The Fib 161% level has acted as resistance and is pushing us lower now.
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$EGLDUSD - ABCD pattern and Fibo levelsHello everyone!
Elrond is still in correction and the December 28 candle has closed at 0.618 Fibo level of the December 22 drop.
That means that Elrond may continue downwards if doesn't close above 26.374.
Whether it looks that December 27 uptrend contains an impulse the wave formation is yet to confirm the bullish price action.
Currently EGLDUSD is above the wedge and will proceed upwards, pattern to watch here is ABCD.
If the pair remains above the 25.260 support, the bullish will continue
EGLD LONG 20201228EGLD EGLDUSD EGLDUSDT
Trade close manually when: the above ribbons turns Yellow or better Red.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
✳️EGLD/USDT Analysis (7/11) #EGLD $EGLDEGLD, after breaking out of the Round Bottom pattern, has risen sharply and the target of this pattern is at 23-24$
The nearest support area that we can consider buying is the 16-17$ zone, if EGLD loses this zone, EGLD will fall into a downtrend and will dump hard in this December.
📈BUY
-Buy: 16-17$ if A.SL if B
📉SELL
-Sell: 23-24$$ if B.SL if A
♻️BACK-UP
-Sell: 16-17$ if B.SL if A
-Buy: 12.5-13.5$ if A.SL if B
-Sell: 12.5-13.5$ if B.SL if A
-Buy: 8.5-9.5$ if A.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Elrond 12h. Exchange of 1000 ERD for 1 eGLD and a new chartIn 2019, the Elrond project was launched as a result of IEO under the patronage of Binance, although then the IEO hype (like ICO) could not stay afloat for a long time.
In early September, the Elrond Mainnet token swap began.
As a result of the denomination, 1000 ERD is changed to 1 eGLD.
At the time of the swap launch, the cost of 1ERD was nearly $0.026-0.027 , that is, taking into account the denomination $26-27.
Then 3 months there was a formation of a U similar pattern with a bottom $6.
Now the price is approaching again to the level of $27.4 and there is a very high chance of starting a correction to the range $15-16.
Above there are two more levels of $31.30 and $34.85 and we highly doubt that the price will go higher without a major correction.
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✳️EGLD/USDT (7/11) #EGLD $EGLD #EGLDUSDTEGLD is in strong buying pressure and has also broken through the resistance zone at 8$, and the heading target is the 10$ zone. There will be a significant selling force that could cause the EDLD to return to the 8$ zone and then rise sharply to break the 10$ zone to move up to the 14$ zone
📈BUY- LONG Strategy
- Buy close to 7.5-8$, stoploss if B
📉SELL-SHORT Strategy
- Sell close to 10-10.5$ if B, stoploss if A
- Sell close to 14-14.5$ if B, stoploss if A
♻️BACK-UP Plan
- Sell close to 7.5-8$ if B, stoploss if A
- Buy close to 5-5.5$ if A, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
EGLD/USDT It has good growth potential !!Hi every one
EGLD / TETHERUS
chart is speaking it self!!
AB=CD
As you can see, the price has broken the Ascending triangle and that is a very good thing. The price can increase up to the set target.
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.
EGLD another bullish wave ?EGLD / USDT
Price after recent bullish moves
Start to Consolidate in top forming a flag pattern
And turned previous resistance into support
As long as price hold new support in chart
and didn't close by daily candel below
there is a Potential new bullish wave
with new targets 15.55$ - 17.7$ - 20$
Note : this is not a buy signal from current price
Just reading chart for those still hold or bought a little below
Good luck and happy trading 🌹
EGLD/USDT (Trading at Resistance Zone)💎Technical Analysis Summary💎
BINANCE: EGLDUSDT
-EGLD is up over 140% from the daily swing low up to the recent top
-The price is currently trading at a strong resistance zone between 0.5 - 0.618 Fib
-There is no sign of Bearish rejection yet as the daily candle about to close in a few hours
-If we want to stay in the Bullish momentum, EGLD must hold within this resistance area for at least 3-7 days
-But if the Bulls failed, we might expect correction even down back to the 11-10 dollars
-Please always examine both sides of the market so you can set a proper risk to reward ratio
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EGLD LONG TRADE 20201204Symbol: EGLDUSD , EGLDUSDTP, EGLDUSDT
Signal: Red -> Green
Context: Green
Trade closed manually: Closed when the above ribbons turns Yellow or Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
EGLD / BTCEGLD / BTC
🌟 Technical Analysis 🌟
The price broke out from the falling wedge
And forming bullish inverse H&S
Now we can see also The price got rejected from EMA 50 (brown) after nice Breakout
And EMA 20 hold as support (red)
If market and btc continue giving alts a breath... EGLD one of top coins that will grow
Now i expect it will have some pullback to local daily support before next leg up
Buy after successful retest
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹