$EGLD Elrond Network I have my reasons to buy back $EGLD here. Above that resistance shown here we might aim for very nice targets following the extraordinary TA and the levels set plus the FA which is excellent.
EGLDUSDT trade ideas
RR=3.13 and RR=5.19 buy ideaBrekout of flag pattern +RSI divergence ; price might go up, form an inverted head and shoulders , make a breakout of it's neckline and retest at least the 300 $ level
Ps : never risk more than 2% of your capital
EGLDUSDTcome one, do something ... range high next.
We've seen some big sell off with price bouncing back into the range low and now seem to recover back in the range high.
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
It's Cup season!! EGLDSeems like everywhere I look I see cup and Handles. looks like a target around 450 on the fib making confluence with he measured move from the Cup.
Another good Crypto that is in an interesting position is ElrondAnother good Crypto that is in an interesting position is Elrond.
According to the price chart, the $ 241 support line has reacted well in the last 105 days.
If we have a pullback to the above line, we can enter the long position and the result will most likely be a 25% profit.
1. Observe capital management.
2. Observe risk management to Reward.
Elrond (EGLD) Buy ZoneElrond (EGLD) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Long-Term : Bullish
RISK : LOW
Elrond is in uptrend and now trying to breakout the last resistance before massive breakout and forming Curve DAO Token printing.
--------------------
$EGLD/USDT SPOT SETUP
Entry Price : 240 - 255
TP 1 : 262.5
TP 2 : 276
TP 3 : 285
TP 4 : 297
TP 5 : 331
TP 6 : 388
TP 7 : 467
TP 8 : 525+
Stop Loss : 210
*Stop Loss - EGLD daily close below 210
*Maximum 5% of Portfolio.
*Whenever TP 2 hits, Move stop loss to entry.
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Analysis EGLD/USDT on 2Days chartI was asked to chart EGLD /USDT. And how the Supertrend Ninja indicator performed on it since the listing.
Currently price is bouncing between support and resistance (2 grey blocks). Which makes/made EGLD ideal for a gridbot.
RSI is slowly moving towards 44, which means it is still in a range (displayed in the RSI as a yellow block). Right now as things stand it's not so interesting for trend traders. On the other hand volume is going down, which means a big move is likely to happen very soon. Before making any trades. I'll be waiting for confirmation from the Supertrend Ninja indicator showing some bullishness first. Ideally I would like to see some more green blocks on the Heikin Ashi indicator below as well.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 4 bullish signals for the 2 day chart in 2021. And 1 bullish signal in 2020. Which in my opinion makes each bullish signal very reliable.
With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Remember, the first stop(loss) is always the cheapest stop.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
(EGLD) On the verge to the rise ? 🤔Hello everyone !
Today the Black Cat Trader is analyzing Egold (EGLD) based on a weekly chart 📈
What we can see :
- Prices got rejected by the 1.618 fib extension on the last ATH candle
- Right now, prices are supported by the uptrend line (which acts as a strong support since October 2021), plus the intermediary lower line of the pitchfork.
- On the other hand, prices are located UNDER the MM20 and the EMA21 which act as strong resistances.
- We can also identify a bearish divergence on the RSI and a bearish cross over on the MACD. The spreads on Binance seems to high too…
What we can expect :
If EGLD manages to hold the uptrend line, we can expect prices to reach upper levels. But , there are several major resistances to break to make new ATH..
Resistance 1 : MM20 / EMA21
Resistance 2 : Kijun / median line of the pitchfork
Resistance 3 : Tenkan / 1.618 fib extension
Support 1 : Uptrend line
Supports 2 : Intermediary lower line of the pitchfork
Supports 3 : MM50 / Lower line of the pitchfork
TP1 : 443 $
TP2 : 677 $
TP3 : 924 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
EGLD ON THE GOOD SUPPORTHello Everyone today we are gonna analyze the EGLD chart and im so supprised because its really similar to AVAX chart and now egld on the good support so you can see the target in the chart and everything is obvious , make your descison and do it with your own risk !
NOT FINANCIAL ADVICE
EGLD Price Action Technical Analysis Found Support This is my thought process on this coin finding support and resistance.
This is for entertainment purposes only
not financial advice - always do your own research ( DYOR )
EGLD - Time to decide!The Bullish scenario now seems more likely
But we must also pay attention to the bitcoin chart (chart below), which will activate the orange scenario if its support fails
Note that this is just the beginning of the core activity of the Elrond ecosystem, and fortunately they are not progressing like Cardano !
If I progress according to the yellow scenario, I will update the analysis
Good Time :)
EGLD/USDT 170% Potential from here .$EGLD/USDT TA update:-
$EGLD currently trading at $269
And recently strong bounced back from $240 support level.
I am adding some $EGLD in my Portfolio.
Entry:- $240-$270
Target:- $600
Stop Loss:- $220
I am expecting 170% potential Target from here as per chart.
$EGLD/USDT 2D (Binance Futures) Ascending trendline on support Elrond eGold bounced on 100EMA and seems ready to resume the uptrend, let's place bids inside the demand zone.
Current Price= 242.18
Buy Entry= 241.42 - 212.34
Take Profit= 335.36 | 485.60 | 707.59
Stop Loss= 172.51
Risk/Reward= 1:2 | 1:4.76 | 1:8.84
Expected Profit= +47.81% | +114.03% | +211.88%
Possible Loss= -23.96%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Websites: elrond.com maiar.exchange
EGLD NEW MUSK COIN?!This coin is really outperformimg everything and it has a big potential move to the upside RN.
Take your profits where green level area is shown but start taking partially profits at 348$
Clear direction towards up, don't greed to much w/ your profits and lock them in.
NO SL.
Use risk management and dont over leverage your position.
EGLDRecently EGLD broke its downtrend line and used 0.786 fibo support, just as it had done before.
An uptrend is being created if TOTAL3 continues to maintain this rhythm.
💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (286.85).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 330. 01
TP2= @ 369. 40
TP3= @ 422.45
TP4= @ 468.33
TP5= @ 542.50
SL= Break below S2
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💡Don't miss the great buy opportunity in EGLDUSD @ElrondNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (286.85).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 330.01
TP2= @ 369.40
TP3= @ 422.45
TP4= @ 468.33
TP5= @ 542.50
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EGLD 3H BUYEGLD 3H support is at ~$272
Enter 50% here
and try to set some buy orders near the support zone
If EGLD holds above the trendline,
the Take-Profit target would be $299, $326, and $353
Cheers
