In this solo video, Vladimir Ribakov of Traders Academy Club presents his bullish outlook on the Elrond (EGLD) cryptocurrency. He begins by praising the project’s fundamentals – a strong development team, advanced technology, active community, and solid communication – and notes its historical price peak above $500 before the market crash, framing the current correction as a prime buying opportunity. Ribakov then dives into a detailed technical analysis across weekly and daily charts. He identifies a three‑wave uptrend followed by a two‑wave ABC correction, highlights a lack of significant divergence, and points to a bullish moving‑average divergence on the daily timeframe. He explains the concept of a false breakout (multiple fake lows) that, once resolved, should produce higher highs and a positive MACD histogram convergence, signalling buyer re‑entry. Based on weekly support zones and prior swing highs, he outlines potential upside targets and advises traders to buy dips during the corrective phase, emphasizing that this is a medium‑to‑long‑term setup rather than a day‑trade. The video concludes with a call for viewer comments on market sentiment, a reminder to like and share, and promotional plugs for the Traders Academy Club’s VIP course and community.
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Hello traders, how are you? Vladimir here from Traders Academy Club. In this video, I would like to share with you what I believe building up as an amazing opportunity, and I am talking about Elrond, or EGLD, uh, as it's known in the crypto community. I believe that the— first of all, I'm a big believer in this project Elrond. I am very impressed with all what they do, the technology they built, and by the team. Uh, they are very social, very great communication, fantastic strong community, and the projects look really promising, uh, for a long run. This is Compared to many others, this is still young project, and I do think this one could become huge. It already was huge when the price was above $500 before all the crash happened, and right now with a major correction in the market, this is building up an amazing technical opportunity. Besides the fundamental reasons, uh, this one also is great technically. But before I go and explain Why do I think that Elrond is so, so powerful opportunity technically speaking in that video. If you are new to this channel, welcome to our community. Please subscribe with the subscribe button below the video and also welcome to our family Traders Academy Club where you can get your access to our full VIP price action course, to the real-time trading ideas and real-time trading education. Every single trading opportunity Comes with a detailed explanation and dedicated video, and I welcome you to our family. Join us with the link below this video in the description. So once again, let's go to Elrond. What do we have here? So technically speaking, after three big waves, we never ended up with a significant divergence, which makes me think that this is just. one part of something much, much bigger for a long run. It's a very important thing to mention here, a long run, because a lot of traders think that if they buy now, then quick enough the price should be 100 or 200 or 1,000 times bigger. So as amazing these dreams are, Let's talk realistically here. So what do we have in terms of levels and why this one could be an amazing opportunity? Now in this rally, the previous broken high was retested and we are now coming to the same area. As you can see, the area of the lows here and the area of the high of the uptrend that is using us as an amazing supportive zone. So in after the three waves up, we have two waves down, which basically behaves as an ABC. Correction and this slowing down momentum and divergence, which makes me think that the next several weeks are going to be the most important ones and for this setup to develop. Now, the next one, which, uh, the next chart we would like to see here is, um, the daily. And what we see on the daily, that after the second weekly leg Look what is building up here, a bullish moving average divergence. So the classical scenario in that case would be once we face false breakout, so basically fake low and then a flip to make higher highs. Once that happens, we will want to see higher highs on the MACD histogram as well, flipping from positive to negative to positive zone again to complete a bullish convergence. Once this false breakout and price flip happens, this could be the first indication that, okay, buyers are coming in the game again and they might take the control. Now, the very important thing to mention is that sometimes the false breakout doesn't happen after one fake low, and this is where sometimes traders rush in, fail. Of course, if it happens to return, then the risk-reward could be amazing. But many times before it flips, the market tends to create slowdown, and that appears as 2 or more fake lows or false breakouts before it flips. But even if we get a new low before we flip the highs, it doesn't change the plan, as the weekly levels we just saw, right? Lower fake lower lows, and then once we flip to make the higher highs, buy these dips should be a great opportunity. And if once that happens, I believe that the next— the previous swing highs of the downtrend and the previous swing high of the previous uptrend could be really reasonable targets. Let me just go back to the weekly so you can see that clearer. Okay, this is the first one for us here, right? And that's the next one. This could be a very, very, very possible target on the way up once this flip happens. So pay attention, this is not a day trading opportunity, not a short-term trading opportunity. This is something that could build up and develop. However, I really find this one, um, amazing opportunity. Let me know what do you think about Elrond project and the crypto market in general. Do you think it's over? Or are we still in the bearish market? Share your view in the comment section below. Also, if you find these videos helpful in your trading journey, please hit this like button. Feel free to share with anyone who you believe can benefit watching that. And also, if you missed, you can find in the channel the weekly forecast where I covered some amazing opportunities for you. And that's it for this video. So thanks for your time watching this video. I wish you and yours all the best. Once again, welcome to our family, Traders Academy Club. Enjoy all the best value we have to offer, and I hope to see you with us. Join with the link below this video in the description. I'll see you soon with more. All the best. Bye for now.
