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Egold

Elrond EGLD 2 Rising Wedges 98.40$Hello everyone, We are still in the Rising wedge inside another Rising Wedge and the price is going up and the Volume is decreasing afected by the compression. It can be interpreted has a bear Flag too. For me this is a Bull TRAP. The 0.85% is the Ultimate fib in a bearish Zig Zag which is 221.70$. The pole of the bear flag bring me to the Golden pocket and the pole of the small rising wedge can only be apply at the breakdown point. When the drop will happen those are my current top entries : 1-Golden fib is at 98.40$ and the pole of the bear flag 2-The Weekly MA21 is at 119.12$. 3-Support shoulder and 0.726 at 74.51$ 4-Support Shoulder and 0.85 at 44.09$ Have a wonderful day
EShort
by Crypto_Mercy
8
Elrond EGLD Rising Wedge bearishThe Rising Wedge has been confirmed April 18th for Elrond and volume is going down which is usually no a good sign.. The lower line of the wedge is support and the top red line is resistance inside the Wedge. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. To confirm a wedge you need those ingredients : 1-At least 2 touch on the upper line and touch on the lower line (support) 2-Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation. It's the result of the contraction. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. It is sometimes prudent to wait for a break of the previous reaction low. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
E
by Crypto_Mercy
9
Elrond EGLD to 24.78$ is that possible scenario ° Rising Wedge °Ok i know a lot of people will not like this but i just want to share with you what i see on the logarithmic chart...It's just a scenario don't Panic... don't really like this Bart Simpson Head now... We all so have the bullish scenario with the cup & Handle.. but this can happen if Bitcoin is crashing... The eGOLD is forming a Rising Wedge for now.. The pole is bringing de eGOLD to the Golden Fibonnacci on the logarithmic 0.618 around 24.78$. If i don't use the log mode the pole with is briinging the eGOLD around 0.9 or 0.85 it depend where the breakdown point will be.…which mean this would be a strong wave 2. Nothing sure yet but if the roof of the wedge is breaking.. be careful.. Take precaution. Have a wonderful day.
Short
by Crypto_Mercy
39
EGLD Elrond at 395$ or 310$ next waveNew retracement had changed our of Wave 2 for elrond it's why iam making this update (line in red). Here are possible targets for this intermediate wave 3 (red line) if we don't go lower. Golden pocket has been hitted but always keep door open for a low W2. Yesterday was a BIG day today for the ElrondNetwork community with the release of Staking Phase 3. One step further to a more decentralized & secure network: staking is now available in Maiar as well. 1000+ additional nodes & another $350m got staked in less than 2 hours. +$1.3B staked right now this is pretty crazy! Possible targets for intermediate Wave 3 (red line) 161.8% = 226$ (less probable) 261.8% = 310.64$ (favorite) 361.8% = 395.25$ (favorite) With the lenght of Wave 1, most probable target for me will be 310$ or 395$ Best to you and have a wonderful day.
BINANCE:EGLDUSDLong
by Crypto_Mercy
4
Elrond compressed between MA21 and MA50 - Wave 5 nextEGLD is stocked between to MA's, MA50 in yellow at 126.57 and MA21 at 139.485$ The price can play between those 2.. but what i see is a potential breakout for wave 5 at the en of the triangle March 22th or 23rd. I will post possible targets for W5 in the bottom. ELROND EGLD/BUSD WHAT CANDLES ARE SAYING : 4 hour : Upside, spinning top with a close higher than the opening. Daily: Upside (reversal) (Spinning top green (confirmed a double bottom) Weekly: downside last confirmation was a double top *resume : Elrond is in accumulation mode. Pattern in formation is a M inside a Triangle, Neckline is receving support. Price is compressed and stock between supported MA 50 and resistance MA 21. MA 7 and MA 9 are also resistance PRICE RANGE TO EXPECT NOW : Between 126.60$ and 139.52$ Please note : MA50 is currently a strong dynamic support at 126.60$ --------------------------------------------------------------------- BTC DOMINANCE : Currently at 60.77% is falling since beginning of january but BTC DOMINANCE is rising since March 7th and found a bottom. BTC.D is picking up a bit which make it more difficult for Altcoins, Watch BTC dominance on Coinmarket cap (3rd chart in the bottom) : --------------------------------------------------------------------- Bitcoin : Daily: Last confirmation was double bottom at 55600$ Weekly: Last confirmation was bullish with a double bottom at 45190$ PRICE RANGE TO EXPECT NOW : Between 57150$ and 52573$ PLEASE NOTE DAILY MA21 is at 52573$ Thanks for encouraging me with CHEER . Peace, best to you !!
ELong
by Crypto_Mercy
1
Elrond is picking up next target 178$Hi everyone. EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart. Most common target for this Wave 3 are : -178.51$ / 161.8% fibonnaci -196.11$ / 200% fibonnaci might play ABCDE : -224.60$ / 261.8% fibonnaci -270.69$ / 361.8% fibonnaci Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$. After that retracement liquidity should be moved to Altcoins. Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$. A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$. Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know. Best to you !
ELong
by Crypto_Mercy
2
💡It's a great buy opportunity in EGLDUSDT @ElrondNetworkTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (129.90). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62.66. Take Profits: TP1= @ 166.70 TP2= @ 178.85 TP3= @ 188.60 TP4= @ 212.15 TP5= @ 268.85 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 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 ❤️
Long
by ForecastCity_World
38
💡It's a great buy opportunity in EGLDUSDT @ElrondNetworkTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (129.90). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62.66. Take Profits: TP1= @ 166.70 TP2= @ 178.85 TP3= @ 188.60 TP4= @ 212.15 TP5= @ 268.85 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 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 ❤️
Long
by ForecastCity
17
Elrond to 178$ next target EGOLDHi everyone, Bitcoin just found a new battle zone between 43k and 57k. A triangle can form during a new consolidation and accumulation phase. On the 4 hours the bulls took the hand and if they can take the hand on the daily this would be my confirmation. Same for Elrond.. Bulls are about to take control on the daily, they already did on the 4 hour chart. In this small Wave 3 161.8% would be my top target around 178$. If you have any question or comment let me know. You can join me on Youtube or on my website, thanks for supporting my work! Best to you ! Crypto Mercy
ELong
by Crypto_Mercy
6
$EGLD/USDT 12h (Binance Futures) Parabolic curve on supportElrond eGold is retracing down but I believe uptrend could resume soon. Let's try to catch the next big dip if we are lucky enough! Current Price= 132.204 Buy Entry= 110.013 - 97.005 Take Profit= 159.521 | 219.800 | 311.178 Stop Loss= 75.154 Risk/Reward= 1:1.98 | 1:4.1 | 1:7.32 Expected Profit= +54.11% | +112.35% | +200.63% Possible Loss= -27.39% Fib. Retracement= 0.618 | 1 | 1.414 Margin Leverage= 1x Estimated Gain-time= 1440h
Long
by TradingOn
3
Potential breakout in preparation for ElrondHello everyone, potential breakout in preparation for Elrond, please take a look a my chart. The pole give me a potential Target og 197$.. if breakout occur my red line and the Gold line (fibonnaci Golden at 171$) 0.618% would be 2 great zone to take profit. Bullish scenario in preparation? We have a huge Spinning top in formation on the daily.. if it close like this in 48 minutes this will be our reversal confirmation to the upside.. i will post this candle (spinning top) under. Have a great night now.
ELong
by Crypto_Mercy
12