Elrond EGold (EGLD) to 330$ and 1449$ short term targets.Hi everyone,
Egold is having a great push on the upside and his market cap just by almost 3B on 8 days which is remarkable
but there is some reasons for that, some Dev in the DEFI world are beginning to think that EGold would be the solution
and offer a powerful structure that is surpassing by far Ethereum. Ethereum struggle, modifications are complicated
and their developpers are saying that they try to change an engine on a car that is already moving on the road.
Elrond offer 15000 transactions per seconds with an average cost of 0.001$ and Ethereum offer 15 transactions seconds with an average cost of 10.20$.
One other advantage is the adaptative state sharding of Elrond which make the network much more efficient & scalable. They also have a Virtual Machine
VM WASM that is incredibily powerful. Adoption is fast with the possibility of staking EGLD at 29% API.
Here are some possible EW possible short term targets.
330.16 (161.8% fib)
1449.39 (200% fib)
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Egldusdt
EGLDUSDTEGLD has shown just a bit of weakness which can be forecasted in chart but the whole thing is still super bullish and not going to be stop like this other wise the chart break the dynamic support and just change the trend
anyway if you looking for mid-term still available dont be FOMO and dont fear of not getting the profit its all ok with our team and advanced price action
EGLD 12h Super growth, what's next?The last time we published an idea and described the EGLD coin 1.5 months ago. The idea worked and a correction took place from $ 30 to $ 20.
And now the content shock: during this time, EGLDUSDT has risen in price by 1000% or x10
The top bar at the moment is $287
In the coming days, it will be decided whether the price will go there or not.
After all, if the move is delayed and the movement begins to weaken and falling below $137 , there will be a possibility that the price of EGLDUSD will fall significantly lower.
The liquidity levels below are $ 70 and $ 35.
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$EGLD - more DeFi, more pumpElrond a fundamentally brilliant DeFi with a great team behind it has only kept rising since its launch
Extremely low fees, insanse transaction speeds and capability with the addtions of decentralised finance and fintech its a good look
On the TA side, we have some form of bull flag/ trend-line being broke, once flipped new ATH's should be formed
As long as BTC continues above 34.5K this should be more than good for new ATH's
Also the ETHBTC chart is now in the upper range which means Alt's should have that extra power
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is.
Wandering where this will go now?
Theres not really anything to fib off here, so maybe psychological $150?
A retrace to $101 or $91 does look likely to me in the near future...
EGLD TradeThere is the possibility of making a trade on the break of the maximums of this analysis, the stop at -30 / -35% around $ 35 which given the quality of the movement in progress can bring an r / r higher than 1/3 , time to keep the trade open 1/2 months, because it is riskier than the others, I entered at $ 38, in case you can expect a small retracement to $ 49, but since we are buying strength here, it is worth staying up that and do not go to buy weakness in the downside ....
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#EGLDUSDT Tradng plan!Hi friends!
A very strong coin!
Since the beginning of December, for 2 months it has given + 650%, while it practically does not roll back.
At the moment, the pair met resistance below the $ 69.9 level.
And for several days it has been consolidating under it.
When the level of $ 69.9 is broken, I plan to buy, a strong buyer is sitting in the coin.
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Elrond EGLD to 84$ at exactly 8pm tonight. I'am Nostradamus.If this happen exactly at 8pm tonight my Maiar HeroTag is gonna be NOSTRADAMUS ahahaha.
This is a possible pattern, the bulls are strongly in control of the Egold.
For sure if BTC drop tonight Elrond might follow cos his RSI is overbought.. but gold is gold.. and Elrond is pure Gold !
The compression of the ema ribbon let me think that a short term push is pretty possible.
Also we have a double bottom on the 1h chart at 65.76$ and on the 3hour at 67$.
I will give you some update soon.
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-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
EGLD TREND ANALYSISEGLD as been in an uptrend for a little why but seems to have it a little consolidation,
it is testing trend line support and also, level support if it breaks down it should go to about 62$ to next support, we will see soon, hopefully not a bearish reversal, i think with the volume it has been trading at, the uptrend will continue but we will see.
EGLD.USDT (Y21.P1.E1).Another nice trend.StalkingHi All,
This chart looks really good and unfortunately I keep missing the entrance point.
Its bullish as you can see, the recent pullback wasn't much on the 8 hrly.
I will update this post, if I get to see a entrance point.
Below is the overall view and hence why its a good trend to enter. It has no ceiling.
All the best,
S.SAri
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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