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Elrond

$EGLD dueling pitchforksI am applying the same technique, with different parameters, to my idea on $BTC that is linked below. Please read it!!! it is explained sufficiently well so you can replicate in your own chart and zoom in. The red price balloons are the worst i think it could happen in a wick or a prolonged down movement... worst worst scenario that i don't believe will happen, but... hey, market is terrible and the median line of the bearish one should be there to provide Support. The up targets are just the confluences between the bullish and bearish pitchforks.
BINANCE:EGLDUSD
by CryptoPummel
Key Levels to watch of EGLD (Elrond Gold) We're in a buy area. These are the key levels of Elrond in a Weekly chart. $540 ATH $430 Highest Close Ever $268 Support and resistance $235 Support and resistance $188 Support and resistance. Fibonacci retracement is currently at 100% at this level, the price will most likely reverse from this area. $141 - 150 Supply and demand zone $65 - 88 Supply and demand zone Notes: * Price tends to bounce at these levels. If one level breaks, the price will go to the next level whether it's above or under it depending on the direction of the break. * Pay attention to BTC price as well cause everything is correlated in the short term. BTC analysis is coming up soon. * Continue Dollar Cost Averaging anywhere near the key levels
ELong
by BlueRidgeBusiness
EGLD possible scenario 111% potential EGLD/USDT possible scenarios 111% potential EGLD in 1-day time frame getting support from 0.618 Fibo retracement level. In case this fib level doesn’t hold SMA 200 shows a second good entry point as a DCA. RSI: Shows divergence. MACD: is almost at the end of the downtrend and the uptrend is on the horizon. VPVR: shows high trading volume in current price. Dollar-Cost Averaging (DCA) is the best strategy. DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes. I’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice. 📌In case you find it interesting please feel free to share with others. 📌You can find my other research result on: zil.ink
Long
by routinestation
$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
Long
by TradingOn
🔥 EGLD Massive Ascending TriangleSince EGLD's inception on Binance, this token has been trading inside an ascending wedge formation. During the fall late last week the price saw a sharp bounce from the lower trend line / support area, indicating that investors were eager to step in around that area. With Bitcoin seeing some slight downward movement at the moment, there's a decent chance that EGLD will go for a re-test of said trend line. Furthermore, if stocks (and therefore BTC) will keep dumping, this ascending wedge might break bearish. Be aware that ascending wedges are classically bearish chart patterns, so there's a higher probability for this pattern to break bear than to break bull. In case of a bullish reversal, look at the top trend line for a potential exit. In case of a bearish break out, look at the $170 area for a potential target. Happy trading!
by FieryTrading
2
EGLDBTC fractal updatedI was asked to update this idea. I actually did some new analysis now that i re-study the chart again. Every time I look at it, I see new things (or maybe less...). I will also upload a new one for EGLDUSD that complements what is suggested here. My suggestion here relies on Fibonacci levels and in different repeated phases i am seeing according specially to those levels. As suggested, the timing of each phase and between low/high peaks will be very different. To me, it would be no surprise that we go down now to the 0.618 retracement level, the same we did in the past. Very important the note I add to the chart: I don't think this mean EGLDUSD goes down so much, it might mean than BTC have a good rally up before, while EGLD goes sideways in accumulation (see my idea Wyckoff #2 schematics).
by CryptoPummel