🆓Elrond (EGLD) Feb-25 #EGLD $EGLD
The buying force at 130$ is quite strong after EGLD retested this support zone. In the next few days it could rally back to the $160 or $200 zone. Pay attention to the $160 zone because selling here is still very strong
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 130$ zone
🔴Buy : 140 - 130
🔴Sell : 160 - 200
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 130$ zone
🔵Sell : 130
🔵Buy : 100
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Elrond
🆓Elrond (EGLD) Feb-15 #EGLD $EGLD
The $180 and $160 zone are two very good support zones, but when EGLD corrects here, we can start accumulating for the target of $300 in March.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 160$ zone
🔴Buy : 180 - 160
🔴Sell : 220 - 260 - 300
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 160$ zone
🔵Sell : 160
🔵Buy : 120
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Elrond Long Set Up$egld #elrond Just unlocked next level on H4. 215 is the play now. Exit on H4 close below 180.
Strong Close above 200EMA with RSI and OBV looking bullish. This should continue as long as Bitcoin stays steady.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
These are my favorite set ups!Clear 3 touches on diagonal that coincides right at horizontal resistance.
I love these set ups because you get a break of 2 resistances at once and clear exit point.
Can this fail? Of course, but it makes for a clean/clear entry and exit. #trading #crypto $egld #Elrond
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
EGLD long opp if this happensH4 about to close in 30 and it would offer a nice move up with a breakout of this range. Both ST flipped bullish.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
$EGLD $BTC cypher pattern?Well, in accordance with my last idea linked below, we have this cypher pattern that could play out perfectly. In this case the target is more conservative.
could be a big bounce (EGLDUSD)if we stay above the .25 and remain in this channel, we could be led to another touch of the .382
if we confirm a bear flag on the 15 minute or continue lower immediately i would think we are in for a trip to the bottom of the channel. 148or so
if we beat the 5 minute high, set a higher low and confirm id imagine were due for a trip to the top of the channel. 139 or so
edit* pivot 142.5
eGLD Retains Ascending Channel Support eGLD had a parabolic move on the launch of their latest service of the Elrond Blockchain - the Maiar DEX. After the inevitable retrace, it has found support at the equilibrium of the long term ascending channel. Looking for a continuation of the long term bullish outlook as long as the overall macro picture for the crypto markets is held.
EGLD - Breakout of falling wedge expected soonEGLD has been on a downward trend so long after it hits its all time high. Now expecting it to breakout of the falling wedge, HA candles are turning green and RSI coming out of over sold territory. As long as BTC stays positive the previous ATH can be seen quicker
Updated fractal (log)This is an updated idea of the fractal after seeing the dump.
Some of you guys complained of what happened, the dump. I submit ideas, I am not a financial advisor or magician. I learn while doing TA, as any one, but I don't assure any result.
Happy to see some of you submitting or challenging ideas and commenting! That's enriching always.
I just support the idea of Elrond going up. The bear market is not just yet (to me). NFA.
So, do your f* homework and research :)
Should I buy EGLD now?Hello and welcome to my idea about EGLD / USDT.
If we take a look at chart we can see how EGLD just had a dump (-50%)
If u don't have EGLD you just can wait. In my opinion It will dump again probably 50%.
Let's see why.
MACD histogram show us one signal but isn't enought to be bullish on price.
RSI didn't was in over sold area yet. If we take a look in past it show us a good nivel to buy.
So we just can wait to see how price will move. If u want to be sure you can buy 10%/15%.
$EGLD: best opportunity we ever had?So, have a look at my EGLD vs BTC idea linked below? We reached 0.618 retracement there, finally.
And in this chart vs USD, we have reached the lower line of the long ascending channel. The wedge broke to the downside, but there are many cases of this type of breakout where people panic sell and then it stays sideways for few more bars and come back up fast. A pure fake-out scenario.
As per targets:
I am showing here the fib extension levels since previous macro low. If i would show as well the retracement from previous high, you would see that there is a confluence in 295 $, the middle of the ascending channel (the 0.618 of retracement). I think that is the minimum that we can expect, and then there EGLD will need to take a direction. Either cat and bounce scenario and the bear market starts, or the 2022 MASSIVE rally continues.
I know today is difficult to accept this could happen with all markets in super red, but i only look at what happened other times.
Fear is the best zone to buy.
EGLDBTC fractal updated v2Hi there.
I did an update to the 0.618 retracement that we are experiencing right now. I corrected the top levels to the yellow ellipses, which makes more sense. I cleaned up a bit the mess and marked some blue levels on the down side.
So more consolidation for another 10 days or so? Then we party.
🔥 EGLD At Massive Support AreaSix weeks ago I made an analysis on EGLD. In this analysis I discussed the ascending / bearish wedge pattern and the bearish target in case of a bearish move.
As of this week, the bearish target of $170 has been reached and EGLD is currently trading near a huger support area.
It's certainly possible for EGLD to drop further inside the area of support, but a weaker BTC would be needed for that. Since BTC appears to be relatively bullish in the short-term we might actually reverse from this area.
For the coming weeks I've got my target placed at $300. Not sure how much juice EGLD has left in it since it made a 70x already, but who knows.
Happy trading!
Potential Change of MOM?This pair is trading at very low prices compared to history. The price has been falling for some time and while doing so it has formed a downtrend. This trend may be broken if the price manage to close above the 225$ which will indicate a change of momentum and bullish trend.
Elrond EGLDBTC - Huge Falling Wedge + Elliott Wave Diagonal- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!
EGLDUSD is holding its 1W MA50. Bottom formation possible.Elrond, a crowd favorite among crypto traders, hit last week its 1W MA50 (blue trend-line) and so far on the current 1W candle is holding it. This makes it a Support, in fact it has been the long-term Support since the May - June 2020 bullish break-out.
As you see on this weekly time-frame, using the help of the Sine Waves to better illustrate EGLD's cyclical phases, when the price hits the 1W MA50 it forms a Support, consolidates for around a month and then starts a strong parabolic rally. The previous corrections have both been around -80% and even though the current is just short of -70%, we have to watch the 1W MA50 closely for a potential bottom formation this month into February.
Our next Target is the 5.0 Fibonacci extension level at $765.00. A break above the Higher Highs trend-line during the next rally phase, would place the target even higher within Fib 5.0 and Fib 6.0.
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$EGLD Elrond Daily SetupA potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time.
Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up.
However it is only a probability within current market environment, BTC might swing down and the setup invalidate.