BTC Pump to $80,000 + !BTC looks extremely similar to the 21st of September where we predicted a drop to 33,000 but we bounced at 38,000. We may see a similar move here with those predicting we move down to 53,000 but our bounce may be already developing. If we see a similar move here then our RSI is ready for a move up to the $80,000 area. This would mean we consolidate for about a week, then move up to $80,000 in the timespan of about 2-3 weeks. During the time of consolidation we would also see a week of crazy alt price action. NFA Goodluck
Elrond
EGLD in an upward long term trend against BTC EGLD in an upward long term trend against BTC
It's in a long term upward channel against BTC, in the short term it broke it's downard trend and switched to an uptrend.
With the Maiar launch coming up, watch for it going to the top of this channel and beyond.
trend strength indicator crossing upVery clearly, when in the past the ADX directional trend strength indicator crossed up the level 20, we have a bullish run for ELROND.
The green directional DI indicator needs also to be above that 20 level. The only one time that was a down trend for ADX above 20 was when the green DI indicator was showing a downtrend. Have a look at ADX, an interesting one.
We are apparently doing the same today...going up 20 and green DI showing up trend as well.
If it closes day above, i will give it a try :)
Elrond (EGLD) 90% Profit OpportunityElrond (EGLD)
Current Price: 320usd
Buy Zone: 300-325usd
Sell Zone: 575-635usd
What Is Elrond (EGLD)?
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators.
Elrond was first announced in August 2019, and its mainnet went live in July 2020.
Two short possibility on Elrond gold ( EGLD )Technical : We can see a long term rising wedge, it can be break in few days or few weeks, so we can take a short position on binance for example. We can take the first position now because we are at the top of the rising wedge and we have test the upper resistance, but it is a little be risky. And we can take the second position when the rising wedge gonna be break by the bottom, it can be happen between the 15 November and the 15 December maybe. This second short position is relatively more safe than the first one. The RSI may also be forming a double top ( M ) at a key resistance ( 70 ). Volume are also descending.
Fundamental : The BTC is maybe in a bitcoin season, so in few days or few weeks it can pump. And if BTC pump, most of alt coins can fall. And after that BTC will range a little, then we can have an outperformance of ETH and finally we'll have our Mother's Altseason ; )
Elrond $EGLD going to the moon..literallyElrond's low supply dynamics and good momentum ensure that the price will rise very quickly once the altcoin bull run is in full force.
In this chart, I've tracked Elrond chart on the log scale which allows us to chart the parallel channel which will take EGLD beyond $1000.
Till date, EGLD has witnessed a stupendous ROI since inception and if momentum holds, this should continue in Q4 2021 and Q1 2022.
If you plan to be on the long side of EGLD, current position in the channel provides an advantageous position. There is a short term rising trend (marked by green line) too for short term trades.
Elliot waves on ELROND\USD pairOn the 2-week chart, we can see that the bullish cycles repeat for 9 bars (126 days),
and that the bearish cycles repeat for 6 bars (84 days) (approximate values).
If we trace the Elliot waves, we can identify that we are on wave 5.
If the bull cycle takes place at the same periodicity, we can assume that the price will reach U$ 496 at the end of November.
And a possible corrective wave ABC could form by the end of February.
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 MISSION10 Repeat patternThere's a high chance Elrond's EGLD will repeat the same pattern as beginning of 2021. If so, then we would see an uptrend of approximately 70% towards the $423 mark in the next few weeks. With upcoming news towards their Maiar DEX launch and LaunchPad this year, chances are high Elrond is currently loading up for a big leg up.
🔥 EGLD Finally Broke Out: Bull Trend ContinuedAround a week ago I made an analysis on EGLD. Here I argued that EGLD was following a bullish channel and was most likely making a shot for a new all time highs in the near future.
As of today, EGLD has finally broken out of the $255 resistance. Currently, BTC is slightly bearish, and EGLD is testing the $255 prior resistance as support. In case the $255 support holds, I'm looking at a strong move towards $300, potentially $325.
In case the support doesn't hold, expect the channel support to offer a potential bounce.
Happy trading!
🔥 EGLD Bullish Channel Continued: P2Around a week ago I made an analysis on EGLD. I argued that there was a decent chance for the price to follow the bullish channel in the near future.
In the end, the price needed one more re-test of the channel's support line to confirm the trend.
As it stands now, a bullish reversal is in place, and we're looking at a decent upside move. First, the $255 resistance has to be broken, which I think won't take much longer. Main target of the current move is $300, the current ATH.
Happy trading!
🆓Elrond (EGLD) Oct-1 #EGLD $EGLDEGLD is very strong and it could approach the 260$ and 300$ zones in next days. But if it loses 220$ zone again, it will fall down to 180$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 220$ zone
🔴Buy : 220$
🔴Sell : 260$ - 300$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 220$ zone
🔵Sell : 220$
🔵Buy : 180$
❓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
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
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..