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EGLD

EGLD/USDT The retest is valid. Ready for Continue Upward Move ??💎 EGLD has recently exhibited remarkable market dynamics. Following a strong bounce signaled by a bullish green candle, EGLD encountered resistance at the $60 level, leading to a rejection. 💎 However, EGLD appears poised for another attempt at breaking through this resistance. A successful breach of the $60 barrier could facilitate a smoother upward trajectory, The probability propelling EGLD toward the targeted Bearish OB area. 💎 On the flip side, should EGLD struggle to surpass the $60 resistance and face another rejection, there's a likelihood of retracing back to the demand zone. Moreover, a prolonged consolidation in this demand area could weaken its support, raising the risk of a breakdown. 💎 Such a scenario would indicate a significant shift in trend, potentially leading EGLD into a bearish phase. If EGLD were to fall through the demand zone, it could descend towards the $38 support level. A breach below this support might exacerbate the downward movement, causing EGLD to explore even lower levels in the market.
by MyCryptoParadise
#EGLD/USDT 1h (ByBit) Broadening wedge breakoutMultiversX (f.k.a. Elrond eGold) just regained 50MA support and seems about to leg up towards 200MA resistance. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 5.4% Current Price: 54.03 Entry Zone: 53.68 - 51.92 Take-Profit Targets: 1) 57.48 1) 61.00 1) 64.52 Stop Targets: 1) 48.89 Published By: @Zblaba SEED_WANDERIN_JIMZIP900:EGLD BYBIT:EGLDUSDT.P #MultiversX #Elrond #eGold multiversx.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +44.3% | +77.7% | +111.0% Possible Loss= -37.0% Estimated Gaintime= 2-6 days
Long
by TradingOn
EGLD/USDT upward momentum from support? 👀🚀EGLD Analysis💎 Paradisers, turn your attention to #EGLDUSDT, as it's currently exhibiting trends that suggest a bullish transition from its current support zone. 💎 In light of recent market fluctuations, #EGLD has been on a decline. However, if it manages to sustain momentum at the support level of $46.94, there is a promising opportunity for a bullish advance towards the significant resistance level at $75.32. 💎 The dynamic nature of the cryptocurrency market demands a strategy that is both adaptable and responsive. Should #EGLD face challenges in holding above the $46.94 support level, it might be time to recalibrate our strategy. 💎 In this event, our focus would shift to a potential bullish rise from a lower demand level at $42.61. Monitoring this level is vital, as a breach below could signal the necessity for a strategic realignment, potentially pointing to challenges in maintaining a bullish trend in the #EGLD market. 🌴💰
Long
by MyCryptoParadise_Simon
EGLD/US Achieving a breakout a key resistance area. Bull Moment?💎 EGLD has become a standout in the market, recently achieving a breakthrough past a key resistance area. In the Lower Time Frame (LTF), the chart indicates a valid breakout and EGLD is now entering a crucial retesting phase. This phase could pave the way for a substantial upward movement, with our next target being the bearish OB area. 💎 During this retesting phase, it's essential for EGLD to demonstrate a strong bounce from the current support area, which was previously a resistance zone. This bounce is necessary to mitigate the risk of a false breakout. 💎 Failure to rebound and a closure below the current level could signal a false breakout. Such a scenario would likely reverse EGLD's trajectory, potentially leading it to a downward trend towards the next lower target, the demand area.
by MyCryptoParadise
🚧EGLDUSDT will Go Up Again🚧 Road Map(DAILY)🗺️!!! ➡️EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! 🤑 Stay Awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
2
EGLDUSDT Probabilities for a 60% UpswingEGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation. This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements. In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
Long
by CryptoPAMM
2
EGLD/USDT Bullish Continuation from Demand Zone? 👀 🚀MultiversX💎 Paradisers, let's zoom in on #EGLDUSDT as it's shaping up for an exciting market opportunity. Currently, it is showing signs of a bullish continuation from a key demand zone. 💎 Taking a glance back at #MultiversX, it's been consistently navigating a descending channel, breaking above, and then climbing upwards. Right now, the market sentiment is leaning towards selling, but here’s the twist - CRYPTOCAP:EGLD seems primed for a bullish leap from the demand zone at $53.81, potentially soaring towards the major supply zone at $102.20. It’s like gearing up for a market jump! 💎 But, as any seasoned #EGLD trader knows, crypto markets are like a game of chess. If EGLD doesn’t ride the bullish tide and instead takes a dip, it's time to consider our Plan B - rallying from a lower support level at $46.81. 💎 And a crucial point to remember: if #EGLD breaks below this support level, it's a signal to gather around the strategy table. Such a move would mean it’s time to recalibrate our strategies, adapting to the evolving market landscape. 🌴💰
Long
by MyCryptoParadise_Simon
2
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 93$! 🟡Summery: -EGLD has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 93$ 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
by CobraVanguard
1
EGLD: Bullish PennantElrond (EGLD) technical analysis: Trade setup : Price spiked up to $50 resistance, got very overbought (RSI > 90!) and pulled back. Now it’s consolidating in a Bullish Pennant pattern, which is a continuation pattern and typically resolves in the direction of an existing trend (in this case an Uptrend). In case of a bullish breakout from this pennant, price could revisit $55. Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $38 (previous support), then $28. The nearest Resistance Zone is $50, then $54.
Long
by altFINS
EGLD/USDT bullish scenario? 👀 🚀 EGLD Today analysis💎 Paradisers, gear up to delve deeper into EGLDUSDT as it showcases a captivating trajectory, hinting at a heightened likelihood of revisiting its upward momentum after a recent rejection from resistance. 💎 EGLD recently faced a setback from the resistance at 29.32. However, the scales tip towards a probable bullish resurgence from the 26.35 level, with the presence of a bullish OB further bolstering this scenario. Another potential pivot point lies at the demand level of 25.49. 💎 The VRVP's pronounced volume at this juncture indicates that whenever the price approaches this level, a bullish surge is likely. 💎 While some novice traders might be tempted to short at this level, always remember to stay a step ahead, analyzing the market with a discerning eye.
Long
by MyCryptoParadise
EGLDUSDT.1DBased on the market data provided, the EGLD/USDT pair is currently in an overbought area as indicated by the high Relative Strength Index (RSI) values on the 4-hour and 1-day charts (86.25 and 88.89 respectively). This could possibly indicate a potential future price pullback. The Moving Average Convergence Divergence (MACD), another momentum indicator, shows positive values on the 4-hour and 1-day charts, indicating a bullish trend. However, the 7-day MACD shows a negative value, suggesting that the longer-term trend may be bearish. In terms of the Bollinger Bands (Bb), the current price is closer to the upper band on both the 4-hour and 7-day charts, which could indicate a downward price reversal in the short-term. The support and resistance levels indicate the price levels that the asset has trouble moving beyond. The closer the current price to a support level, the more likely it is to bounce back up. Conversely, the closer the price to a resistance level, the more likely it is to bounce back down. Given the current price of EGLD is 47.32, it is closer to the first resistance level on the 4-hour, 1-day, and 7-day charts, suggesting that it might face downward pressure. In conclusion, while the EGLD/USDT pair shows a bullish trend in the short-term, the overbought RSI values and the position relative to the Bollinger Bands suggest a potential price pullback. Moreover, the negative MACD on the 7-day chart indicates a possible bearish longer-term trend. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops. This analysis is based solely on the technical indicators provided and does not take into account fundamental factors or broader market conditions which could also affect the price.
by MarsSignals
EGLD's Impressive PUMP: Wait $35 RetestElrond (EGLD) has been the talk of the town lately, showcasing an impressive uptrend. However, as seasoned traders know, the real test of a rally often comes after a significant surge. In EGLD's case, the crucial level to watch is the $35 mark. Only after a successful retest of this level can we determine if the recent surge is sustainable. Let's dive into this vital aspect of trading. 📈💡 The Spectacular Rise: EGLD has been on a stellar run, attracting attention and enthusiasm from traders and investors alike. The surge has been nothing short of remarkable, leaving many to wonder about its longevity. The Importance of Retests: In trading, retests are critical as they help confirm the validity of a price movement. A successful retest of a key level, such as $35 in EGLD's case, can act as a strong signal that the recent rise is genuine and sustainable. Patience During Pumps: It's a common pitfall for traders to jump into an asset during a pump, often fearing they might miss out on further gains. However, the wise approach is to exercise patience and wait for a retest. This discipline can help avoid entering at the peak of a price movement. Trading Strategy: Observation: Keep a watchful eye on EGLD's price action, particularly around the $35 level. Patience: During times of excitement and rapid price surges, resist the urge to FOMO (Fear of Missing Out) and wait for a retest to confirm the rally's strength. Risk Management: Implement robust risk management practices, including setting stop-loss orders, to protect your positions. Conclusion: EGLD's remarkable surge is an enticing development, but prudence is key in the cryptocurrency market. A retest of the crucial $35 level will help determine if this surge is here to stay. As you navigate the exciting world of crypto trading, remember that patience and a keen eye for key levels are your allies. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale