EGLD/BTC looking good after long correctionHello,
What a day yesterday. Hope you all survived.
This was the capiutaltion I hope.
EGLD looks strong against BTC. There is a clear bullish divergence.
Lets see if it breaks to the upside in a few days from now.
Trade safe, never risk more than you can afford to lose.
Greetings
EGLDBTC trade ideas
I see EGLD bullish vs BTC! Let's GO!We have strong buying signals on 5 and 9 days time frames. MACD is a big buy on EGLD/usdt and more, on EGLD/BTC.
ELROND has strong fundamentals with lot's of good news. The team is one of the few that are delivering all that was promissed and much more.
The BTC dominance graph is still in the same downtrend and not giving a sign of rebound. I believe in a new bull wave for BTC (wich is possible to see soon) and that some of the Altcoins will have much ample move than BTC and ETH .
I believe EGLD is one pf them.
CHEERS GUYS!
This is NOT a financial advise!!! It's just my opinion.
Take care of your hard made money!!!
EGLD will be Gold in Next days?Here is My Study Results on EGLD
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currncies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
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.
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!
Swing Trade - Elrond eGold EGLD / BTCSwing trade opportunity with #EGLD / #BTC!
Price is bouncing of the support trend line (thick red line).
Stochastics crossover on 3D TF and a bullish crossover on the Wave Trend oscillator is nearing.
Pair: EGLD/BTC
R:R = 4.5
Entry: 0.005255 - 0.005350
TP1: 0.005838
TP2: 0.006427
TP3: 0.006999 (3-4% TTP)
SL: 0.004869 (timeout 19000s, move to brake even)
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EGLD (Elorand) Facing a Moment of TruthThis is a cryptocurrency that was brought to my attention by someone in my latest stream. Two things I liked about this chart. (1) How this coin has been consistently outperforming Bitcoin with higher lows, and (2) how it is sitting in a sensitive spot right now that will determine its future path for many weeks ahead. I will keep adding to this idea as price action progresses. I will cover it in my next stream for sure. Let this be an anchor holder.
You can follow this chart here .
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).
Elrond against BTC (.618 fib)After the immense surge of Elrond against its dollar and BTC pair, price has been cooling off quite heavily. Momentum indicators, as well as the RSI, suggest a trend reversal is about to begin. This area of support at 0.00666 BTC lines up with the .618 fibonacci retracement (golden pocket entry). Also, fundamentally Elrond is in good shape with its release of Maiar DEX and MEX tokens.
NFA
EGLD to bounce off the .5 fib and support?After a huge volume packed rally, we had a correction on EGLD, volume for the correction is far less than that for the bullish impulse leading me to believe this could be a standard ABC correction.
Whatsmore is that the previous local high is lining up nearly perfectly with the .5 fib mark which is typical for an ABC correction.
$EGLD, Showing a 1D UCTS buy signal...$EGLD
Showing a 1D UCTS buy signal as its breaking a potential descending trendline (retest already in 🤞)
Aiming to 500k sats and looking for a break of the LH-LL sequence that has been active since September.
Volume not that strong tho but lets see how it evolves
#EGLD
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.