Get started

Egldusd

EGLD, Diamond pattern = ready for more upsisde?The price of EGLD has successfully broken out of its downward parallel channel, which lasted from April to November 2024. After reaching a high of around $55, the price retraced, giving back some of its earlier gains, but is now holding above the $30 support level. Although the price faced significant selling pressure, it has remained above the previous range and the downward trendline (now acting as support). From January 3 to January 6, the price attempted to break above the range but fell back to the lows of the range. Since then, a diamond pattern has emerged on the 1H and 4H timeframes, signaling a potential bullish reversal. If the price holds above $32, the diamond pattern remains valid, and a move to the upside is anticipated. This could lead to a retest of the range’s upper range around $40. A successful breakout may push the price towards higher resistance levels at $45–$55 and $75–$78.
Long
by zeddit
EGLDUSDT - Real project with real targetlet's know about the EGLD project EGLD (MultiversX) is a fast, scalable blockchain designed for dApps, DeFi, and metaverse projects. It aims to power next-gen decentralized ecosystems while competing with platforms like Solana and Ethereum. CHART , TA weekly chart displays a breakout of falling wedge pattern without retest ... it's extremly bullish sign clear the red rectangle is important to continue going up ... target is 280$ Best Regards Ceciliones
Long
by ceciliones
2
MultiversX (EGLD) fake bullish breakout, now seeks supportIt was a fake breakout, afterall. On September 28, I spotted a potential bullish breakout on CRYPTO:EGLDUSD - which ended up being a bull trap, sending the prices downwards. Right now, a two-month uptrend line is seeking support. It had a brief deviation in the form of a daily wick, unclosed. Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling. Resist, and we remain on the same page. Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames. Lower time frames are uncertain.
CRYPTO:EGLDUSD
by vinibarbosa
MultiversX (EGLD) breaks out of a six-month downtrendMultiversX (EGLD) is breaking out of a six-month downtrend, with three subsequent lower highs since its $77.9 peak in March. The breakout occurred on September 27 and EGLDUSD now tests the R/S downtrend line in what could be a corrective move before the confirmation and bounce up. I'm looking at the daily chart here, looking for a mid-term trend shift validation. However, lower time frames, like the 4-hour chart, already hint of a successful break out, with the line holding strong after some testings. Here is what we see when zooming in: -ERROR UPLOADING IMAGE- Inside the downtrend formation, EGLD started a shortish-term uptrend, making higher lows until the higher time frame breakout. Then, it tested the downtrend line as support in four 4-hour candlesticks. Giving strength to the move. Validation here is a daily close above the line. I'll then target the S/R ZONE between $37 and $48. Play safe! - Despite the price action, MultiversX is one of the most-solid cryptocurrencies from a fundamental perspective. It has one of the most scalable infrastructures through sharding, being the first to fully implement sharding in a battle-tested environment. The chain has 100% uptime and very high security standards, like using native assets and implementing Guardian for a 2FA onchain extra security. The token, eGold (EGLD), has a fixed maximum supply of 31.4 million, with a fully dilution schedule by 2030. However, it can be even lower, as fees can replace emission if the chain is used enough. DYOR.
CRYPTO:EGLDUSDLong
by vinibarbosa
EGLD Price AnalysisThe EGLD daily chart presents a clear picture of a market in a downtrend, a descending trendline (Black) that has been consistently pushing prices lower since March 2024. This trendline, marked in red on the chart, serves as a dynamic resistance level, with the price making multiple attempts to break above it, but each time facing rejection. As the price approaches this trendline again, the market is at a critical point where a breakout could signal a potential trend reversal, while another rejection might lead to further declines. Above the descending trendline (Black) lies a significant resistance level at $32.85. The price has to break through from this level and the descending trend line for bullish moves. This area is very important for the price to break out because you can see there are 3 resistances at the same area. Descending Trendline (Black) $32.85 Resistance Level EMA 100 (Red) These 3 resistances making this are very important. There are many other important resistance levels and zones marked on the chart to watch closely. Previously these levels made a strong barrier against the price. On the downside, several key support levels could play a crucial role in determining the market's next move. The most immediate support is found in Green at $25.60 to $26.52 zone. This area has been tested multiple times and has held strong, making it a critical level for the bulls to defend. A break below this zone could trigger a deeper decline, possibly down to the next support zone (Yellow) at $21.72 to $22.47. This lower zone represents a long-term support area and could act as a final line of defense before a significant bearish continuation. If the price is hovering near the trendline without a clear breakout or breakdown, it might be prudent to wait for a more definitive move. This approach reduces the risk of entering a trade during a period of uncertainty. Overall, the EGLD is at a critical juncture, with the descending trendline and key support zones likely to dictate the next significant move in the market. Traders should monitor these levels closely, as the market's reaction to them will provide valuable insights into the potential direction of future price action.
by TheCryptoCity
MultiversX (EGLD) potential long at falling wedge breakoutMultiversX ( EGLD CRYPTO:EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium. I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough volume and EGLD breakout from this pattern. Falling Wedge is a pattern with historically 70% bullish outcomes in finance markets. The swing trade targets the region between $42 (currently marked by the 365-day exponential moving average) and $51, an area of high short-selling liquidity. Potential returns from the breakout can go up to 50%. There is potential support at $29, marked by the 30-day EMA, but also at $28 and $25, at key levels with relevant buying pressure. The community has been pushing an #EGLDSqueeze movement on X that appears to be gaining traction. I've also been positioning myself in the project with a long-term goal, and I believe MultiversX has one of the most solid fundamentals in the cryptocurrency market today. It is the first blockchain to fully implement the sharding technology. As a pioneer, the chain benefits from battle-tested scalability, among other innovative developments, like on-chain two-factor authentication (2FA). The network has one of the largest validator’s node counts among its competitors, only closely losing to Ethereum (ETH). Additionally, the coin has a maximum supply of 31 million EGLD that transaction fees can replace as its usage increases. NFA.
CRYPTO:EGLDUSDLong
by vinibarbosa
EGLD ANALYSIS (2H)From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed . Wave A, which was a triangle, is over and it seems that we are now in wave B. Wave B looks like a triangle. EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B). For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
EGLDUSDT Chart UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: EGLD has formed a falling wedge pattern with a breakout and close above the resistance trendline. Technically, this is a bullish pattern, and we will likely see a bullish trend for EGLD in the upcoming days. Currently, the 50 EMA is holding the price at $34.5 as a strong resistance. EGLD is yet to show a retest after the breakout; therefore, a retest at $30 to $32 is expected. Observations: ~ Primary Resistance: 50 EMA at $34.5. ~ Support: $30 to $32. ~ Target: $65 to $75. ~ Invalidation Point: A breakdown and close below $26.43. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic