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EGLD

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
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price. The price is falling to very strong support, where the EMA 200 Daily is also important. This place of strong confluence TL + S/R + EMA200 is marked in the purple box. Here we expect a strong price reaction and an upward price reflection. If all the conditions of our Price action strategy are met, we will enter the Long Position. Happy trading, Alex_UCT
Long
by UltimateCryptoTrader
3
Elrond: It's going to get bloodyWe like the Elrond chart because the Elliott Wave count is crystal clear. It just finished at a secondary wave 4 in the shape of a triangle that broke to the downside. We are now in minor wave 3 of secondary wave 5 to the downside, this is where things unravel and gets unfortunately bloody. I have set two potential targets to watch. In case of a truncation, it would mean Elrond would simply revisit its previous low of $225 from last week's crash. In case of a channel bottom retest, price could fall as much as $180 in the upcoming days. Since the wave count is easy to read, when this bottoms, it's probably when Bitcoin and Ethereum are going to bottom as well.... We will see!
BINANCE:EGLDUSDShort
by quantmaven