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EGLD

EGLD/USDT upward momentum? 👀 Elrond Today Analysis Paradisers, turn your attention to EGDLUSDT! Currently nestled within a demand zone, it's gearing u p for a bullish ascent, even amidst market volatility.👀 💎EGLD has established equal lows, secured liquidity, and addressed the bullish OB at its current level. This sets the stage for a potential explosive move upwards. 💎 Another intriguing observation: while the price trends downward, the RSI showcases a bullish divergence. This hints at a probable upward shift of Elrond in the near future. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
#EGLD/USDT 12h (ByBit) Rising wedge breakdownMultiversX just lost 50MA support and seems likely to continue with the local retracement down. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.5X) Amount: 5.0% Current Price: 34.15 Entry Targets: 1) 35.35 Take-Profit Targets: 1) 30.25 Stop Targets: 1) 37.90 Published By: @Zblaba CRYPTOCAP:EGLD #EGLDUSDT #MultiversX #Elrond #eGold Risk/Reward= 1:2 Expected Profit= +79.3% Possible Loss= -39.7% Estimated Gaintime= 2-3 weeks multiversx.com
Short
by TradingOn
Support and Resistance ScenariosOver the past month, EGLD's price has been on a decline. During this time, there was no significant demand seen at the midline support of the channel or the static support level at $33. Interestingly, this $33 range that previously acted as support has now turned into a resistance level. After the currency experienced a rising wave, it encountered resistance at $37 and has now retraced back to the previous support levels. Based on the current conditions of the currency and the overall market, analysts have outlined two possible scenarios. The first scenario is that EGLD finds support in the current price range around $31 and experiences a strong positive reaction that drives the price upward to the resistance level of $39. The second scenario anticipates a continuation of selling pressure, leading to the breakdown of the two support levels at $31 and $28, which could result in a further drop to around $25.5. In the latter scenario, analysts expect to see a strong reaction once again, similar to the previous support at $28.5, when the price reaches the $25.5 range.
by MonoCoinSignal
4
#EGLD #MultiversX Long-Term Targets#EGLD #MultiversX Long-Term Targets Considering that Eagled currency has corrected 62% of its previous upward trend in the correction stages, we usually expect it to rise at least up to its previous ceiling in the next ascent. If we want to divide the rise of this currency into two parts of six months and two years, we can expect the target to touch $89 in the next six months. But for two-year goals, we can expect to reach at least one of the following goals: 180$ 270$ 460$ 980$ XX2500$ stop loss: close daily candle under 26$
Long
by KhaniTechnical
4
elrond EGLDUSDT Price Analysis (Weekly)📈💥 Greetings, traders and investors of @TradingView! Let's dive into the analysis of elrond! 🚀 Today, EGLDUSDT finds itself in a relatively low position after experiencing a massive crash from its all-time high (ATH) at $544. The price has plummeted by nearly 95% to the $30-35 zone, where it currently resides. 🔍 When examining the weekly timeframe, we observe a bullish divergence on the RSI indicator. This suggests a potential upward movement for EGLDUSDT in the coming months, signaling a possible shift in market sentiment. 📊 It's important to consider previous support and resistance zones. Based on these levels, we can identify potential target zones for bullish momentum. The blue box on the chart indicates a target range of $54-64, while the red box represents a target range of $80-99. However, we believe that reaching the red box target has a lower probability, so take that into account when planning your trades. 💡 As always, it's crucial to stay updated on market developments, monitor price action, and employ proper risk management techniques. Set stop-loss orders and adjust your trading strategies accordingly. 🔍 Feel free to explore our resources to enhance your trading skills: Education articles 📚📈 Curious about Bullish Divergence? Dive into our comprehensive article for a deeper understanding of this powerful indicator and how it relates to EGLDUSDT's current situation! 🚀📈 Read the Article Here ➡️ Happy trading! 💰🚀
by Vestinda
EGLD/USDT - MultiversX: Failure_Swing◳◱ We've detected a Failure Swing pattern on the TSXV:EGLD / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 38.03 | 41.13 | 48.55 and the major support zones are respectively at 30.61 | 26.29 | 18.87. It is a bullish indication and we may consider buying at the current price zone of 33.13 and targetting higher levels. ◰◲ General info : ▣ Name: MultiversX ▣ Rank: 53 ▣ 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: 33.13 ₮ ▣ 24HVol: 2,632,355.797 ₮ ▣ 24H Chng: -2.415% ▣ 7-Days Chng: 1.58% ▣ 1-Month Chng: -10.25% ▣ 3-Months Chng: -21.64% ◲◰ Pivot Points - Levels : ◥ Resistance: 38.03 | 41.13 | 48.55 ◢ Support: 30.61 | 26.29 | 18.87 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -1.06 ▣ Last 90D: -1.45 ▣ Last 1-Y: -0.40 ▣ Last 3-Y: 0.82 ◲◰ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.53 ▣ Last 1-Y: 0.68 ▣ Last 3-Y: 1.18 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.83 - 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
Elrond historic move don’t miss out!!👀 🚀EGLD today analysis💎EGLD is ready to make a significant move. It has been trading within a descending channel for the past month, holding firm at the lower low. 💎 Currently, it's situated in a high-demand area within the channel, and the overall market positivity could signal a bullish trend. We're anticipating a breakout soon. 💎Another key point to note is that EGLD is nearing a crossover with the 50-day Exponential Moving Average (EMA). If it can sustain its momentum above this line, it could indicate a strong upward move. 💎The volume is also showing promising spikes, which could trigger a bullish move. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
3
Potential for Long-Term GrowthIn recent weeks, the EGLD currency has continued its downward trend, persisting within the midline of the descending channel following its reaction to the resistance range of $48-50. Notably, there have been numerous price collisions with the midline of the channel, indicating a high level of interaction. Furthermore, the RSI (Relative Strength Index) currently stands at 36, suggesting a moderate level of momentum in the price movement. This reading implies that EGLD is neither significantly oversold nor overbought at the moment. It indicates a state of equilibrium or a potential period of consolidation in the market. On the chart, there is a lack of strong indications for immediate price growth. However, it is worth noting that the EGLD price has approached crucial support levels around $35 and $32.5, which are considered short-term supports. These levels may experience positive fluctuations in the near future. In addition, two lower supports should be taken into account: one at $28.5 and the other at the bottom of the channel at $25.5. These supports exhibit substantial reactive power, potentially capable of triggering an upward reversal in the price trend within daily timeframes. Considering the RSI reading and the support levels mentioned, there is a reasonable expectation for favorable long-term growth within the identified price ranges. However, it is crucial to consider other factors and indicators to gain a comprehensive understanding of the market conditions and make informed trading decisions.
by MonoCoinSignal
10
MultiversX EGLD Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. EGLD/USDT short Entry Range: HKEX:38 - 43 Price Target 1: HKEX:32 Price Target 2: HKEX:25 Price Target 3: HKEX:20 Stop Loss: TASE:49
Short
by BuySellMarketMaker
MultiversX (EGLD) Showing Signs of RecoveryMultiversX (EGLD) has been showing signs of recovery after bouncing up from a support level of $40.00. In our last analysis, we identified this level as a key support level, and it has held the pullback so far. Currently, EGLD is on its way to the minor resistance level of $54.50. What is EGLD? MultiversX is a blockchain protocol that offers fast transaction speeds through sharding. It rewards community and active participants with EGLD tokens, which act as a store of value currency to pay for network usage and a medium of exchange between platform users and validators. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform and empowers participants to perform any network action. EGLD also functions as a governance token, enabling holders to vote on network decisions. MultiversX was announced in August 2019, and its mainnet went live in July 2020. EGLD's Bullish Momentum While it's true that just bouncing up from a support level does not guarantee an uptrend, EGLD has been displaying strong volume in the past two days. This is a positive sign because in the past, every time EGLD had a bullish day with strong volume, it led to an uptrend. This indicates that we may see at least a limited uptrend in the coming days. So far, EGLD has not shown strong bullish momentum compared to the rest of the market this year. This makes it difficult to estimate where the rally will stop. However, this also means that we can expect a stronger rally later on in 2024-2025 when the rest of the market should reach its all-time high. This makes EGLD a promising investment for the long term. Bottom Line: In conclusion, MultiversX (EGLD) has been showing positive signs of recovery lately. The strong volume it displayed in the past two days indicates that we may see a limited uptrend soon. While EGLD has not shown strong bullish momentum so far this year, we can expect a stronger rally in the future. Investors who are looking for a promising investment for the long term may consider investing in EGLD.
by cryptohopper
EGLDUSDT - Accumulation $EGLD against USDT is currently in an accumulation phase of 8 months and has printed a descending channel. It is currently in the middle of this channel. If we draw a Fibonacci Retracement from the Swing Low ($32) to the Swing High ($54.2), analyzing the period being 2023, we are around $38-39, which is at the 61.8% level. We are preparing a buy order at this level, and we are also considering a DCA of around $34-35. In the event that the swing low of $32 is lost, we will wait for the validation of a new swing low and the closing of a candle above the MA21 on a 1-day timeframe. We anticipate a target towards the MA233 zone ($47), and once this descending channel is broken, we will set our take profit towards $65-75. Typically, this type of accumulation requires great patience and discipline
Long
by CriptoPedia
EGLD (MultiversX) - accumulationIt seems that EGLD has formed a quite strong descending range trend on the monthly timeframe, so it is maintaining a downward movement. Currently, the price is supported upward by a range trend on the weekly this time. However, I have identified some potential zones for the long term (at least 6 months, preferably a minimum of 1 year, or until targets are reached). A first opportunity (which can be taken as a short-term position) would be the daily support at $38.4, and the moment when this support is reached is important, preferably together with the weekly trend - as a short-term position. The weekly support at $34.54 looks very good and can support the movement. The one at $29.8 could represent a good zone, but we should keep in mind that it has been tested. The best accumulation zone from my point of view is this monthly support at approximately $11. As zones where profits can be "locked," I have identified: The daily resistance at $44.27 represents a quite important piece in the shorter term or the monthly descending range trend. The weekly resistance at $56.7 looks good enough. A really good and important target, that high at $64. And for the more patient ones - the daily resistance at $ 132 and the 3-month one at $205. It is easy to do DCA (just spot) at each support level, but the capital allocation will be different. Likewise, for collecting profit, a little bit at each target. I will follow these zones with interest, I am not exposing them just for the sake of exposure. What I presented is not investment advice, just a personal view. Each person is responsible for their own decisions, don't put all your eggs in one basket, and don't invest more than you can afford!
Long
by Tonic_A