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EGLD

EGLD/USDT Preparing for an Explosive Breakout | Positive Signs👀💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up. 💎If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity. 💎If CRYPTOCAP:EGLD revisits this zone, it’s imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall. 💎Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
📈EGLD Analysis: The Impact of Ethereum ETF on the Market💥🔍Let's dive into today's analysis. Yesterday, the Ethereum ETF news was confirmed, but since it was already priced in, the market didn't rally. Instead, those who had bought in anticipation of an Ethereum pump started selling. ⚡️ Market Momentum Currently, there is a bearish momentum in the low wave cycle (LWC), which could extend to higher wave cycles (HWC). ⛓ Coin of the Day: EGLD Today's coin is EGLD, and the project behind it is MultiversX, a high-speed, low-fee blockchain utilizing Proof of Stake (POS). To ensure network security, you need to stake EGLD, earning annual rewards based on the transactions you validate. 📆 Chart Analysis Looking at the chart, EGLD has been in a downtrend. However, for several weeks, it has been ranging between 37.42 and 45.31. The chart shows stronger bearish momentum as the price has repeatedly failed to reach the range's upper boundary. 📊 Volume Analysis The volume supports the bearish candles, with sell volumes significantly higher than buy volumes. For opening a long position, I would wait for a reversal in volume trends, indicating that buying volume is entering the market. 📉 Short Position The nearest trigger for a short position, which we are currently reacting to, is 37.42. A break and close below this level would be a suitable trigger for shorting. ✅ Short Target The short target can be set at 31.06. However, a crucial support zone at 36.09, which once caused a false breakdown and a subsequent upward move, might cause a reversal back into the range. This zone is marked in black due to its unreliable nature. 📈 Long Position For a long position, there are three triggers to consider based on your strategy: 1️⃣ 38.76 Trigger : Not for the 4-hour timeframe. For this trigger, switch to lower timeframes like 15 minutes for a scalping position. 2️⃣ 42.62 Trigger : This logical trigger can push the price to the range's upper boundary with a suitable stop-loss in a lower timeframe, offering a good risk-to-reward ratio. 3️⃣ 45.31 Trigger : This is the primary long trigger, marking the range's upper boundary. A confirmed breakout above this level can target 52.25. 🪄 My Strategy Personally, for a short position, I aim to enter at the break of 37.42. For taking profits, I will monitor the market momentum and close the position once the bearish momentum ends. For a long position, I will not open a trade until significant buying volume enters the market. If appropriate volume is observed, I will use the 42.62 and 45.31 triggers to enter long positions. I avoid the 38.76 trigger, as it aligns with a reactive trading strategy that doesn't fit my approach. 📝 Conclusion In conclusion, the recent news about the Ethereum ETF has not provided the anticipated boost to the market, highlighting the importance of technical analysis in making informed trading decisions. For EGLD, the current market conditions suggest caution, especially with the prevailing bearish momentum and volume trends. Traders should closely monitor key levels and volume changes to identify optimal entry and exit points. As always, maintaining a disciplined approach and adhering to your trading strategy will be crucial in navigating the market's movements. If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next. 🧠💼 It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
EGLD: The Sleeping GiantMultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024. If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future. On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1). The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio. About the coin: MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
CRYPTO:EGLDUSDLong
by MohamedSewid
EGLD/USDT In the crucial area, it shows bounce from the support💎 The recent market dynamics surrounding #EGLD have indeed been quite notable. 💎 Currently resting on the support area, EGLD has historically demonstrated a tendency to bounce strongly when reaching this level, often leading to significant upward movements. 💎 There's potential for EGLD to repeat this pattern, and if it manages to break above the resistance, there's further potential for the price to continue its upward trajectory and reach the strong resistance area. 💎 However, if EGLD fails to hold above the support area, there's a possibility it may break below, indicating weakness and potentially leading to a decline to the next lower support area around $28.3. 💎 When EGLD reaches the key support, it must bounce back, as this demand zone holds significant importance. Reclaiming the price above the support area is essential for any further attempts to reach the strong resistance. 💎 If EGLD fails to do so and breaks below the demand zone, it could signal a bearish momentum, resulting in a significant downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
EGLD/USDT - MultiversX: TD Sequential◳◱ On the $EGLD/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.32 | 64.45 | 73.55 and support near 50.22 | 46.25 | 37.15. Entering trades at 54.52 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: MultiversX ▣ Rank: 85 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Elrond is a blockchain designed for high throughput and relatively fast execution speed compared to other smart contract platforms. It features Adaptive State Sharding as its scaling solution and a Proof-of-Stake (PoS) variation called Secure PoS to secure the network. Elrond also contains a WebAssembly-based virtual machine that can support the creation and execution of decentralized applications (dApps). ◰◲ Technical Metrics : ▣ Mrkt Price: 54.52 ₮ ▣ 24HVol: 5,768,981.334 ₮ ▣ 24H Chng: 0.055% ▣ 7-Days Chng: -5.44% ▣ 1-Month Chng: -20.46% ▣ 3-Months Chng: 2.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 59.32 | 64.45 | 73.55 ◢ Support: 50.22 | 46.25 | 37.15 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: NEUTRAL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.74 ▣ Last 90D: 0.47 ▣ Last 1-Y: 0.55 ▣ Last 3-Y: 0.05 ◲◰ Volatility : ▣ Last 30D: 0.83 ▣ Last 90D: 0.77 ▣ Last 1-Y: 0.80 ▣ Last 3-Y: 1.00 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.90 - V. Bullish ▣ In-depth EGLDUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
EGLD /USDT Ascending Trendline and Support Level? 👀🚀EGLD💎 Paradisers #EGLD is currently aligning itself along an ascending trendline. This trendline intersects with a critical support level at $46.76.The confluence of these factors raises the probability of bullish horizons. If #EGLD can maintain momentum at this level, we might witness a delightful upward surge. 💎 Our keen-eyed observations reveal that #EGLD has recently formed a double-top pattern, followed by a subsequent downward trend.However, there’s hope on the horizon. The price is now approaching the strong support level of $46.76, which coincides with the ascending trendline.The fact that the price has already respected this level twice, coupled with sustained upward momentum, suggests a potential bullish movement. 💎 As savvy traders, we’re always prepared for different scenarios. If #EGLD doesn’t rally as expected and this bullish setup falters, let’s keep our eyes on another critical level.Our Point of Interest (POI) shifts to the lower demand zone at $0.3467. A bullish rebound from this point could be in the cards. 💎 However, a word of caution: breaking below this point might signal a significant downward trend. Stay vigilant, adapt your strategies, and may the crypto winds be ever in your favor!
Long
by MyCryptoParadise
Elrond Support at $50, Potential Bounce or Deeper Pullback LoomsElrond currently hovering around a crucial support zone between $52 and $50 on the daily timeframe chart. I am closely watching this price action to gauge the token's next move. Potential Bounce Back in Sight If EGLDUSDT manages to hold above $50 , a bounce back towards $61 , which acts as a resistance zone, is a possibility. This bullish scenario would be welcomed by investors who have been accumulating EGLD in recent weeks. Support Breach Could Lead to Deeper Pullback However, if the support at $50 fails to hold , EGLD could experience a deeper pullback towards $48 or even lower, to $47 . This bearish outcome would likely trigger selling pressure from short-term traders. Eyes on Key Levels In the coming days, market participants will be keenly observing whether EGLD can establish support above $50 . A decisive break above this level could signal a bullish reversal, while a breakdown could lead to further losses.
by Z4F4R
EGLD inside a Wave 2, Y wave.Hi everyone! The CRYPTOCAP:EGLD price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point, CRYPTOCAP:EGLD is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline. Top buying zones (supports).. 48,35$ - 46,39$ 41,70$ - 41,16$ 35,96$ to 33,63$ 29,94$ 26,73$ No financial advise.
BINANCE:EGLDUSD
by Crypto_Mercy
EGLD/USDT upward momentum what next?👀 🚀 EGLD Analysis💎 Paradisers, brace yourselves for an exciting opportunity to profit with #EGLDUSDT! It's gearing up for a potential rise from a pivotal level. 💎 Diving into #EGLD journey, it has been tracing a cup and handle pattern. Currently, it's testing a tough supply zone. A breakthrough above this zone, coupled with sustained momentum, could signal a robust bullish sprint towards the $77.59 supply zone. 💎 Should CRYPTOCAP:EGLD begin to falter, our eyes are on a vigorous recovery from the solid support and gap at $55.90. With substantial liquidity at this level, a rebound seems promising, setting a critical watchpoint. However, slipping below this crucial level could spell a shift towards bearish terrain.
Long
by MyCryptoParadise
EGLD Road Map🗺️!!! situation+next targets.Hi. COINEX:EGLDUSDT ✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
EGLD/USDT bullish journey what next? 🚀EGLD Analysis💎 Paradisers, keep your eyes on #EGLDUSDT as it's creating a stir in the market! With its sights set on a formidable resistance, we're on the cusp of a potential bullish surge. 💎 As we chart #EGLD's path, it has been moving through a descending channel but is now poised to rebound at $0.6212, ready to challenge that key resistance again. A successful breach could ignite a rally, pushing CRYPTOCAP:EGLD towards the resistance target of $.7699. 💎 Experienced #EGLD traders are familiar with the market's unpredictability. If our breakout attempt falls short, pivoting to a bullish recovery strategy from the support level at $0.5687 is essential to stay prepared for what's next. 💎 Should #EGLD drop below this crucial point, a strategic overhaul may be in order. Such an event would necessitate a reevaluation of our bullish outlook, calling for an updated approach to align with the evolving market dynamics.
Long
by MyCryptoParadise_Simon
6
EGLD buy setupA good bullish structure can be seen in EGLD. According to the BOS we have on the chart, it is expected that the demand range is a good range to take buy/long positions. The targets are listed on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam