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Egldusd

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
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
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 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