Egldusd
EGLD Broke its downtrend. Let's go ($1000) 🚀This is just the beginning of the core activity of the Elrond ecosystem
Also, EGLD was recently listed on Huobi Global
EGLD now in a good zone to buy and I think by the end of 2022 it can reach $1000
Bitcoin is also close to its support (chart below) which is a good sign
However, BTC is not in good days and its better to be careful
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EGLD to 750 conservatively by mid next year EGLD if you follow the monthly log chart is in a serious upward trend.
I expect a good year for crypto in the first half of 2022 with adoption for the Elrond Network Growing Exponentially.
My conservative price target is $750 mid next year, and if things go well $1750, with a moon boy target of $3000 plus
EGLD/USDT Chart is different from others so what next..?#EGLD/USDT TA update:-
$EGLD currently trading at $242
Which is Strong support zone.
There are 2 Scenarios:-
1)- If hold this Support $223 then we can see $500 after then $950
So Need to hold $223 support zone.
2)- If break down $223 support zone then we can see $120-$130 area.
So this will be best entry zone.
And After hit this support we can see Big bounce toward $950
As Per Last fractals if happened then we can see $120-$150 also before Big leg up.
Support:- $223/$130
Resistance:- $470
(EGLD) On the verge to the rise ? 🤔Hello everyone !
Today the Black Cat Trader is analyzing Egold (EGLD) based on a weekly chart 📈
What we can see :
- Prices got rejected by the 1.618 fib extension on the last ATH candle
- Right now, prices are supported by the uptrend line (which acts as a strong support since October 2021), plus the intermediary lower line of the pitchfork.
- On the other hand, prices are located UNDER the MM20 and the EMA21 which act as strong resistances.
- We can also identify a bearish divergence on the RSI and a bearish cross over on the MACD. The spreads on Binance seems to high too…
What we can expect :
If EGLD manages to hold the uptrend line, we can expect prices to reach upper levels. But , there are several major resistances to break to make new ATH..
Resistance 1 : MM20 / EMA21
Resistance 2 : Kijun / median line of the pitchfork
Resistance 3 : Tenkan / 1.618 fib extension
Support 1 : Uptrend line
Supports 2 : Intermediary lower line of the pitchfork
Supports 3 : MM50 / Lower line of the pitchfork
TP1 : 443 $
TP2 : 677 $
TP3 : 924 $
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EGLD - Time to decide!The Bullish scenario now seems more likely
But we must also pay attention to the bitcoin chart (chart below), which will activate the orange scenario if its support fails
Note that this is just the beginning of the core activity of the Elrond ecosystem, and fortunately they are not progressing like Cardano !
If I progress according to the yellow scenario, I will update the analysis
Good Time :)
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (286.85).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an 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= @ 330. 01
TP2= @ 369. 40
TP3= @ 422.45
TP4= @ 468.33
TP5= @ 542.50
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (286.85).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an 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= @ 330.01
TP2= @ 369.40
TP3= @ 422.45
TP4= @ 468.33
TP5= @ 542.50
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 ❤️
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 !
Elrond: It's going to get bloodyWe like the Elrond chart because the Elliott Wave count is crystal clear. It just finished at a secondary wave 4 in the shape of a triangle that broke to the downside. We are now in minor wave 3 of secondary wave 5 to the downside, this is where things unravel and gets unfortunately bloody. I have set two potential targets to watch. In case of a truncation, it would mean Elrond would simply revisit its previous low of $225 from last week's crash. In case of a channel bottom retest, price could fall as much as $180 in the upcoming days. Since the wave count is easy to read, when this bottoms, it's probably when Bitcoin and Ethereum are going to bottom as well.... We will see!
[UPDATE EGLD] Circular fib modelEGLD model 3 update.
Very immediate scenario.
(DEC: min 900 max 1300) - take profit 50% 850
EGLDUSDT , Its ready to buyHello everybody
According to our last analysis , all of buy zone activated and now we are ready to go up to reach our target and our zone
But the important thing is in each zone becareful and if you see anything that show us the trend is becoming weak we should be ready to sell our egld but we try to update chart that time but if we forget to do this you have view of movement that what you should do ??
EGLD is one the most powerful project that is working in blockchain
Previous analysis :
Good Luck
Abtin