Elrond
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-$600
Long term: I think 1 eGLD could be worth thousands. It's realistic since at least a 50 billion USD market cap should be easily achievable for this kind of project in the next 3-5 years.
Not a trading advice.
Elrond EGLD upside potential for Wave 3 at 151.94$Elrond is without a doubt on the rise and for good reasons.
The new Egold a top prospect in the crypto world. Maiar wallet is coming soon and
Elrond and Binance Smart Chain Integration will enable Strategic DeFi Interoperability.
Thus, Elrond can process upwards of 15,000 transactions per second ( TPS ), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Here a some technical key aspects to be bullish on Elrond :
-Current Supply : only 16 768 545 EGLD
-Total Supply will be : 21 074 792 EGLD
-Total Delegated stacking : 7 millions EGLD for 340 millions dollars
-Total Validators stacking : 6.2 millions EGLD for 300 millions dollars
Elliott Wave Analysis.
Potential Main Wave 3 fibonnaci targets
-71.52$ (161.8%)
-111.73$ (261.8%)
-151.77$ (361.8%)
Current support on D for EGLD
-EMA Ribbon between 38$ and 30$
-MA21 at 38.21$
-MA7+9 at 40 .81$ and 41.45$
I will post many follow up on Elrond every week, stay tuned!
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Leave a comment, or ask a question.. i'll do my best to answer you.
Best to you !
EGLD to break triange. Looking for higher levels. Hi,
EGLD has been performing very, very well last year. It had a correction and has made its target of 40usd. This target is calculated with the 1.618 fib extrapolation of the last correction.
Recently it has been consolidating and forming an ascending triangle. The target of this pattern is around the 60usd mark (when confirmed with a break to the upside with volume).
Trade safe.
$EGLDUSD - ABCD pattern and Fibo levelsHello everyone!
Elrond is still in correction and the December 28 candle has closed at 0.618 Fibo level of the December 22 drop.
That means that Elrond may continue downwards if doesn't close above 26.374.
Whether it looks that December 27 uptrend contains an impulse the wave formation is yet to confirm the bullish price action.
Currently EGLDUSD is above the wedge and will proceed upwards, pattern to watch here is ABCD.
If the pair remains above the 25.260 support, the bullish will continue
Bullish flag in Elrond - trend continuation is being preparedFrom a technical point of view, #ELROND could be on the verge of another trend continuation. The recently formed bullish flag could be an indication for this. A breakout from the chart pattern would activate the next price target at around $38.
Elrond 12h. Exchange of 1000 ERD for 1 eGLD and a new chartIn 2019, the Elrond project was launched as a result of IEO under the patronage of Binance, although then the IEO hype (like ICO) could not stay afloat for a long time.
In early September, the Elrond Mainnet token swap began.
As a result of the denomination, 1000 ERD is changed to 1 eGLD.
At the time of the swap launch, the cost of 1ERD was nearly $0.026-0.027 , that is, taking into account the denomination $26-27.
Then 3 months there was a formation of a U similar pattern with a bottom $6.
Now the price is approaching again to the level of $27.4 and there is a very high chance of starting a correction to the range $15-16.
Above there are two more levels of $31.30 and $34.85 and we highly doubt that the price will go higher without a major correction.
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