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Egldusdt

(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 $ IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER  
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
by Hector_Bienvenu
$EGLD/USDT 2D (Binance Futures) Ascending trendline on support Elrond eGold bounced on 100EMA and seems ready to resume the uptrend, let's place bids inside the demand zone. Current Price= 242.18 Buy Entry= 241.42 - 212.34 Take Profit= 335.36 | 485.60 | 707.59 Stop Loss= 172.51 Risk/Reward= 1:2 | 1:4.76 | 1:8.84 Expected Profit= +47.81% | +114.03% | +211.88% Possible Loss= -23.96% Fib. Retracement= 0.5 | 0.883 | 1.272 Margin Leverage= 1x Estimated Gain-time= 4.5 months Websites: elrond.com maiar.exchange
Long
by TradingOn
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price. The price is falling to very strong support, where the EMA 200 Daily is also important. This place of strong confluence TL + S/R + EMA200 is marked in the purple box. Here we expect a strong price reaction and an upward price reflection. If all the conditions of our Price action strategy are met, we will enter the Long Position. Happy trading, Alex_UCT
Long
by UltimateCryptoTrader
3
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!
BINANCE:EGLDUSDShort
by quantmaven