Egold
Eagold and the right positionEagold and the right position
- komo's cloud is the future of green
- The price is in a good area compared to komo's cloud (thin and green cloud)
- After touching the lower edge of the Bollinger Band 7 times in the recent candle, the touch has not been done
- Two candlesticks before the hammer type at the end of a downward trend
- The price is on an uptrend channel
6 to 10% profit potential is available in Market Spot
Do not forget capital management
Do not forget to manage risk to Reward
(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/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
EGLD - Elrondcheck this site "coin360" , set the block size in volume , hide the BTC,BNB,ETH,USDT ....
look at the EGLD, what a good volume .
in the ascending channel , you can buy EGLD for long-term ,it has great goals, midline is important resistance line , Ichimoku can help you .
don't forget to buy step by step and keep in watch the BTC chart .
Time to enter Elrond: Egld#Elrond is one of those you must not miss.
#egldusdt chart is extremely bullish, and I have marked some midterm tps on the chart. #dyor
But the question is when should you buy this one?
I personally place a buy order at $287 - $292.
However, based on the market mood, we might see lower dips, so I place another buy order at somewhere between $263 - $271.
Don't forget money management. Do not risk more than you can afford to lose.
Good luck.
EGLDUSDT Elrond will launch Maiar DEX in November!
The project was reassessed, it turned out that the $ 300 token
is just the beginning of the race among the main ecosystems.
Next fixing levels after ATH breakage are round numbers only:
350,400,450,500..
Partly fixing always preferable.
BINANCE:EGLDUSDT
OKEX:EGLDUSDT
EGLD: target 1250$ (0.886 FIB LEVEL)In my previous idea about schiff pitchforks i estimated 1150$ using FIB retracements.
This idea uses FIB extensions in logarithmic fashion, as well as axis. In this way, no more 6.618 madness shows there.
I added 0.886 which represents the price level derived from the golden ratio (0.618 x 0.618=0.786, 0.786 x 0.786 = 0.886). You can see that was the target in the previous run... right?
Between 30 Nov and Feb 2022 is my bet.
Let me know what you think, now that MAIAR DEX is about to happen.
EGLD, I'm expecting a big move, 305 then 460 .. or south 201 ?Only consolidation at my previous ideea, and some more levels.
We are moving in wedges since last ALTS market wake up.
The only worrying reason for me is the EGLD vs BTC graph ( the picture on the right ) witch gives us a new sell signal on MACD on 5 days candles... Let's see...
Big fundamentals ahead and DEX coming live soon...
We could see the TOP diagonal (red line) becoming the next support and launching pad for the candles to come, I would very much like that, and it is possible to see next, or to reconfirm as the ATH top diagonal and to see a new rejection from this line.
This is my personal opinion, not a financial advise!
Take care of your hard made money guys!
CHEERS!!!
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..
[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)
$EGLD/USDT 8h (Binance Futures)Falling broadening wedge breakoutElrond eGold has broken out and is likely to retest 50MA before bullish continuation.
Current Price= 80.52
Buy Entry = 75.09 - 70.69
Take Profit= 85.98 | 99.50 | 115.25
Stop Loss= 61.94
Risk/Reward= 1:1.2 | 1:2.43 | 1:3.87
Expected Profit= +17.96% | +36.51% | +58.11%
Possible Loss= -15.02%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Elrond to 425$ and 793$ with Fibonnaci CirclesHi everyone,
Mr Fibonnaci was a Italian and one of the most talented Western Mathematician of the Middle Ages.. Today is famous among pro traders for this sequence of Fibonacci numbers than simply drawing Fibonacci retracement and fibo extension levels.. If you want to truly harness the power of Fibonacci numbers, you should also consider using tool such as Fibonacci Circle. With traditional Fibonacci retracements levels, there is no way to predict when the price of an asset might reach these levels.
the best aspect of Fibonacci Circle or Fibonacci Arc is it adds the element of the time horizon to the chart. So, we can pinpoint exactly when the price will react to a certain support or resistance level in the future and prepare our entries and exit..
Today iam decrypting Elrond using the Fib Circles.
Next resistance targets for Elrond :
-249$
-425$
-793$
-1404$
-3139$
Possible we are going to grab the liquidity on the Neckline at 44$ before.