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EGLDUSD trade ideas

EGLDUSD Critical Lower High testElrond (EGLDUSD) is having a strong 1D green candle currently but it remains under the selling pressure of a Lower Highs trend-line since the March 28 High. That price action in fact resembles the selling pattern of December 2021 - early January 2022. The price continuously failed to break above the Lower Highs and as a result dipped another -37% to price the January 22 Low. A -37% from yesterday's lowis around the $65.45 mark. If the 2021 fractal is however counted from the November 23 High (with the 1D RSI agreeing to this), then a 1.382 Fibonacci extension would be more accurate for the next Low in case of a rejection, which is currently around $79.30. If however the Lower Highs trend-line breaks, we expect aggregated buying towards the 1D MA200 (orange trend-line) as in the case of the February 11 High. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:EGLDUSD
by TradingShot
3
Elrond bear market bottom to 36.50$ or 20$Hey everyone, E wave inside ABCDE in yellow was a FLAT ABC trap. Egold only have 2 MA's, 3 Months MA9 at 112.70$ and 5 months MA 7 at 108.65$. Losing this can easily bring the eGOLD on next strong support which is 85$. I see Elrond is this Grand WXY in Blue. 2 top bear market log fibs are 0.382 which is 36-37$ for Elrond, and logo 0.30 at 65.50$ but weakest altcoins sometimes drop to log 0.5, its around 16$ -18$ for the eGOLD. Its a possibililty but less probable than36$ in my opinion. Best to you !
BINANCE:EGLDUSDShort
by Crypto_Mercy
2
EGLD could get a value of 1100 USD - Sofi12zElrond ( EGLD ): An Internet-Scale Blockchain Elrond is a cheap, efficient, and scalable blockchain network that provides utility for both dApp developers and enterprise resolutions. Summary An internet-scale blockchain, Elrond is fast, cheap, and efficient, and is designed to provide utility across the full spectrum of use cases. Elrond Network leverages Adaptive State Sharding and its unique Secure Proof-of-Stake (SPoS) consensus mechanism to deliver industry-leading scalability. This article highlights some of the advanced features offered by the Elrond encryption protocol. Elrond Network Design Launched in July 2020, the Elrond blockchain is designed to grant decentralization, stability, and scalability for distributed applications and organizations alike. The plan brings together cross-chain interoperability, helping developers, and achieving maximum operational efficiency. Elrond Network calls itself an Internet-scale blockchain, implying that it is designed to handle transactional performance on par with major Internet platforms, as opposed to the subjectively lower performance associated with other blockchain networks. of blocks. To put Elrond's performance into view: The Bitcoin network can confirm an average of 7 transactions per second (TPS); Elrond's crypto equipment ensures that its network can handle 15,000 TPS and at a price of just one cent per transaction. Elrond achieves this significant network efficiency with a creative conjunction of its bespoke Secure Proof-of-Stake settlement mechanism, advanced sharding technology, validation network composition, and native Elrond eGold ( eGLD ) currency. Elrond's currency: eGold ( eGLD ) While the Elrond Network provides a platform for the deployment of capable contracts, decentralized applications (dApps) and even entire blockchain protocols, its native eGLD coin is the unit of cost that enables the management of the entire network. The utility of the eGLD coin in Elrond is multiple. It is used as part of the platform's regimen mechanism, for collaboration and validation rewards, and as payment for capable transactions and contracts. Both users and developers of the platform pay for the use of the Elrond Network with the eGLD coin, which serves as gas for the entire ecosystem. The eGLD coin is designed to be used with the Maiar Wallet, owned by Elrond, which enables users to send almost instant transactions through the Elrond network. Maiar provides functionalities to borrow, lend, send and receive, in addition to gambling. As of April 2021, the circulating supply of eGLD coins has been 17.2 million, with 55.5% of these locked in the network's collaboration rewards protocol. The novel eGLD coins will be released piecemeal according to capable contracts over the next 10 years until the final supply of 31.4 million eGLD coins is reached. The subjectively low supply of eGLD coin, the blocking program and the high percentage of coins staked are thought to be positive crypto-economic indicators in relation to Elrond's long-term viability. Proof of secure collaboration (SPoS) Elrond Network uses its own proprietary Proof of Partnership (PoS) agreement algorithm called Secure Proof of Partnership (SPoS) which displays a sequence of unique creations. In the Elrond network, a node is a server, smartphone or PC that makes the client program of the Elrond node to transmit and process data through the network. Although each of the PoS networks use a system of nodes to make data transactions and enter into agreements, Elrond makes use of 3 specific types of nodes. Validators are the primary nodes of Elrond and are responsible for processing transactions on the network in exchange for eGLD. Observers are passive network nodes that simply read and transmit network information. Unlike Validators, Observers are not forced to stake eGLD coins to participate in the network and are not rewarded for their services. Fishers are specialized nodes that verify or challenge block data after it has been processed by validating nodes. A fisherman node is assigned rewards in proportion to its effectiveness in detecting malicious actors. One aspect of the Elrond network's SPoS mechanism that enables its transaction performance is its near-fast random validator selection, which is enabled by blockchain sharding: the process of dividing an entire blockchain into data sets. smaller and more manageable for maximum efficiency. Validating nodes are then randomly assigned to these personal shards so that each validator only needs to confirm the data stored in their special shard, rather than the integrity of the data stored on the blockchain. SPoS also uses Boneh-Lynn-Shacham (BLS) multi-signature technology to randomly choose nodes in each shard to finish validator selection within 100 milliseconds or 0.1 seconds. This is estimated to be extraordinarily fast for a blockchain network and is the kind of speed for which the term Internet scale is reserved. Elrond Blockchain Sharding Innovations Elrond Network makes use of what is called Adaptive State Sharding by combining 3 standardized sharding procedures into a high performance balanced system. Network sharding enables how network nodes are allocated and mapped to specific shards, and transaction sharding is used to decide how transactions are allocated to shards. However, the fragmentation of the state is the most complex, and it is what distinguishes Elrond from its competition. It works like this: Since transactions typically involve accounts that are on different shards, you need to exchange messages and update network states between shards. To improve resistance to multiple attacks, nodes in network shards are shuffled to preserve stability through randomness. The conjunction of these 2 components shows latency challenges once nodes are reassigned and have to synchronize with new shards. State sharding necessitates that nodes only store a section of the overall network state, rather than the entire state, so once they move to a completely new partition, they only have to download a section of the new state, which which causes the synchronization process to be much faster. . Additionally, Elrond uses what he calls a Metachain to operate as a coordination mechanism for the various shards of the network. Metachain operates on its own specialized shard that enables direct communication with all other shards to coordinate cross-shard operations that enable the entire Elrond crypto ecosystem. Capable Contracts in the Elrond Ciphernet The Elrond Virtual Machine, or Arwen WASM Virtual Machine, has been designed primarily to build capable contracts on the Elrond platform. It supports any programming language that manages to compile web assembly capable contracts, built-in Rust, C/C++, C#, Go, Typescript, and several others. This functionality enables developers to plan in relative languages, however, Rust is the recommended language due to Elrond's sophisticated Rust smart contract framework. The Elrond Virtual Machine ( VM ) smart contract engine is intended to be fully compatible with the Ethereum Virtual Machine ( EVM ), which means that Ethereum capable contracts have the ability to run seamlessly on the Arwen WASM virtual machine. The Arwen WASM virtual machine is also designed to be able to do full interoperability between external blockchain systems, which helps enable cost and other data exchange between various blockchain protocols. Elrond use cases Elrond is also intended to recognize non-fungible tokens (NFTs) and showcases an NFT framework called Capable Accounts. Capable accounts function much like an account on any other blockchain network, however with support for account-grade key cost data storage. They allow users to save monumental chunks of information, such as emails, bitcoin addresses, private identity data, health data, proof of citizenship, Know Your Buyer (KYC) information, and more, directly into their account. Elrond Network. Additionally, capable accounts remain designed to store and display ownership of digital assets directly without using the Elrond virtual machine, resulting in less bloat in capable contracts that govern user funds. Elrond is preparing for the rollout of Elrond Standard Digital Tokens (ESDT): tokenized stablecoins, synthetic assets, and fiat currencies that will run on the preeminent part of the Elrond network, but do not require smart contract functionality. Elrond's scalability and speed further prepare the network for Internet of Things (IoT) functionality. Organizations present exploring blockchain networks as business resolutions yearn for platforms that meet their most pressing needs. Elrond Network provides an efficient, scalable, developer-friendly, and affordable blockchain protocol that could address many of the needs of large-scale organizations. With a growing list of enterprise blockchain consumers internationally, Elrond delivers resolutions for data exchange, IoT, financial services and many more applications, showing that the adoption of the Elrond network by users is getting more and more intense. . Now let's see, what is Maiar Exchange, The EGLD Exchange. Tokenization allows global and immediate liquidity for practically any type of asset. Through automatic mechanisms of evaluation, collateralization, and programmatic trading, decentralized finance is about to blur the lines between what we now think of as differentiated markets. The ability for any kind of value to become digital, liquid, instantly, and globally tradable will give the world economy superpowers. literally. Therefore, it is immediately obvious that the infrastructure energy underlying value exchange becomes critical infrastructure for the century. The rapid evolution from stock markets, to centralized exchanges, to decentralized exchanges, powered by automated market makers, paves the way for significant global improvement. For this improvement to materialize and be widely adopted, a few essential elements are necessary: 1. A powerful automated market maker – enabling efficient programmatic peer to peer trading between buyers and sellers 2. An open, Internet-scale infrastructure that enables fast and cheap transactions on a global scale 3. Intuitive user experience - enabling anyone to become a player in the global economy 4. Incentives, distribution and governance of the global and democratic community Internet-scale infrastructure-based automated market makers The essence of recent variants of automated market makers is best expressed by the product constant equation: x * y = k In its functionality, if a set of swaps has several units of token x and several units of token y, the operations are set so that the portions of xy resulting after the operation, once they are multiplied, are equivalent to a constant fixed, k. However, the present performance of AMM could be significantly improved by rebuilding them into vastly more scalable architectures. By reimagining an automated market maker in addition to a highly scalable architecture that is high bandwidth, low latency, and inexpensive, the performance of barter processes can be radically improved. With significantly better performance, MMA's reach can be expanded immediately, opening up new market opportunities. Perhaps the most relevant vector of increase that we will observe will come once intuitive simplicity and ease of use make it possible for tens of millions, hundreds of millions, and, in the end, a huge number of millions of individuals to interact with these new technologies, making easier the easy and instant barter, a scale. Community distribution, incentives and participation Go beyond product performance and customer experience: Community sharing, incentives, and governance take the guesswork out of a compelling startup process, incentivizing both rapid adoption and long-term contribution. Putting all these pieces of the puzzle together will create a compelling product, fueled by an immediate trajectory of growth, taking it beyond the blockchain ecosystem. Introducing Maiar Exchange's internet-scale value exchange for the next billion. Maiar Exchange is the latest automated market maker, rearranging some of the key elements to build a product that can harness the full performance of the elrond architecture, to offer cheap, near-instantaneous, global transactions between an expanding set of assets. Additionally, once live, the Maiar Exchange will be integrated into the Maiar app, offering a simple and intuitive interface that is accessible to anyone, anywhere in the world. To ensure fast adoption cycles, open governance, and long-term contribution, the Maiar exchange will have a native governance token called MEX, which enables community-driven development and governance. As we can see Maiar has a strong build behind him. From a strong community, a cryptocurrency with a lot of project value, a fairly secure network and so far without any security flaws, and its own exchange. I see that EGLD will have a lot of future in the long term. But hey, let's go to technical analysis. Technical Analysis Knowing what EGLD really is and what it contributes to Blockchain, let's go to basic technical analysis concepts. First of all, let's visualize what the ATR indicator is, which seeks to measure the volatility of the asset, this is important to know how much risk to changes of % in the price we currently have, in general now the volatility is at a minimum similar to the zone of accumulation in July 2021. This is a good indication to start considering the possibility of buying EGLD in the long term from now on. EGLD is currently at -71% from its ATH at 491 within what would be a Daily Chart at closing price. EGLD is currently only worth 134 USDT. Being their demand zones (Buy, Support) at 131-112 USDT. Including in extreme cases the support with the highest demand in volume from 65 USDT to 86 USDT. Also, this includes their supply zones (Sell, Resistance) at what would be 196-240 USDT. If this area is exceeded, the supply in the other prices would be easy to overcome. Our minimum target would be 690 USDT although I really believe based on the potential and using the risk reward system that EGLD could reach a value of 1100 USDT within a time. It should be added that there is currently an imbalance at 175 USDT so it is possible to have a small boost from now on. My personal recommendation is to DCA the asset based on volume activity. The analysis does not seek to be complex, just basic concepts 😊
BINANCE:EGLDUSD
by UnknownUnicorn18500526
2
#EGLDUSDT Watchlist 3/2022#EGLD maybe worth it to add this coin to your Watchlist. 👀 (Share it with your friends) Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R) add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!! Ps: we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, lending, etc. This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to make your own research and follow risk management. The Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it. The information we mentioned here is a personal effort so it subject to success or failure. Good luck to All. 🙏we ask Allah reconcile and repay🙏
BINANCE:EGLDUSDLong
by HamadaMark
Elliott Waves: EGLD Is In Higher Degree Wave IV CorrectionHello Crypto traders! Today we will talk about cryptocurrency EGLD, its price action from technical point of view and wave structure from Elliott Wave perspective. Looking at the weekly logarithmic scale chart, we can clearly see a completed five-wave cycle within higher degree wave III and with broken channel support line, EGLD could be now trading in wave IV correction. Corrections are made by three waves A-B-C and ideally back to the former wave 4 swing low, so current recovery looks to be just a three-wave corrective rally in wave B before we will see another decline for wave C. What we want to say is that in the short-term, EGLD can see more gains towards 250 -350, maybe even 400 area for that wave (C) of B, but later then watch out for another decline towards strong 50 support level before real bulls for a higher degree wave V show up. Trade well! If you like that we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:EGLDUSD
by ew-forecast
3
ELROND LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ELROND(EGLD) after price made a failure swing low meaning near 130$ price area meaning the market strucutre has been shifted. We have a bullish BOS. I woudnt take LONGS trade from this area as we are not in a DISCOUNT market area yet. I will wait for the price to return to fill the bullish imbalances and reject the bullish orderblock on H4. And from there to go higher above 250$ - 300$ area. What do you think ? Where we go next ?
BINANCE:EGLDUSDLong
by AnonimFXRO
EGLD - My current long term hold. This chart is for observation purposes only and I just wanted to share it with everyone. Elrond, Egld is one of my long term holds. I plan on accumulating as much as possible before breaking triple digits. ATH and price action has been already mapped out letting us know where everyone likes to buy & sell. With the past price history we can plot out when to take profit and when to DCA back in. The ATH market cap of Egld is around 11billion and it is currently sitting at a 3 billion market cap as of today, with that being said, it could possibly do another 3-4x. Play this trade as you will, this is not financial advice and always do your own research. My take profits are in orange and supports are in green.
BITFINEX:EGLDUSD
by Kenjin_Tanoshii
$EGLD: follow the DEATH crossesI did an idea long ago about following the GOLDEN crosses. It is linked below. While that Idea is not going to fully work, I think it is inherent to what is going on in this cycle. It is lengthening and BTC is as well having a loooong sideways behaviour, between 35-65K. More and more we will see this, in no way we will go to moon in a week :) So this is just another observation, more than an idea. And the observation is that after a red cross (DEATH cross), we always had like 1 month of further accumulation (sometimes more volatile than others), and afterwards we had reach an ATH in between 100 and 150 days since the DEATH cross appeared. A DEATH cross seems to come our way around Jan 23rd, in around 3 days. So let's say we have another 160 days period until the new ATH. That would put us at July 1st. I think the target could be still 1100-1200, as depicted there. It is not crazy, just see what Elrond has done looking back in time.... and we are going to see many features in the ecosystem. Remember Mincu's word: 2022 will be MASSIVE. I have used the dueling pitchforks i used in other ideas, linked below, but with less messy diagonals.
BINANCE:EGLDUSD
by CryptoPummel