EGLD - WEEKLY , BOTTOM HERE?EGLD - WEEKLY , BOTTOM HERE?
This chart is on log chart view so, bassically, now we are still in an upptrend , and the bullmarket for it will came after the 79$ break.
Egldusd
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!
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.
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.
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
EGLDUSD 1WEGLD ~ 1W 📈
#EGLD Make purchases gradually starting from here, the Bulls will soon start dominating from here, Target at least 20%++ from here. 🔼
#EGLD MultiverseX heading to $224Lovely inverse head and shoulders
These next few months you will see massive #altcoin runups
Please take advantage!
EGLD ANALYSIS (4H)From where we have inserted "start" on the chart, it looks like a Boolean triangle. If EGLD pullbacks on the green range, we will look for buy/long setups.
We have selected a swap range as the target.
Also, we specified the invalidation level on the chart, closing a daily candle below this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
EGLDUSD IdeaThe log chart for EGLD
I expect an inverted H&S to form and then a strong reversal allowing the bulls to take control.
This control is shown with the green bars pattern.
The white dotted lines are just some areas of interest.
The bars pattern tool is great.
EGLD: parabolic curve in 4hTo complement my previous idea, we can see the possible parabolic curve that EGLD would be forming.
Again, be ready for surprises, the last point of supply (LPS) can happen violently, I would not leverage.
EGLDUSDT Descending Channel!EGLDUSDT Technical Analysis Update
Buy zone : Below $47.30
Stop loss : $39.00
Take Profit 1 : $53.00
Take Profit 2 : $67.00
take Profit 3 : $88.00
Regards
hexa
EGLD Legit pump or gonna dumpDillies are great!
Time to prove its not a BS pump.
So going to be watching the retrace and depending on how it does, will look for an entry.
I will happily miss if leaves without a proper retrace.
Too risky with other assets being more technical.
This could maybe be an Elliott wave Ending Diagonal down W5 is sus.
EGLD/USD - WHY IS EGOLD PUMPING?Anyone know?
Lovely breakout from this bullish wedge.
Price needs to make a higher high and then it's game on.
Enjoy the gains.
Like and follow for more TA!
EGLDUSD ❕ reboundEGLD broke upwards through 50EMA (1H TF)
TD Sequential formed an upward reversal signal (30m TF)
50EMA broke up through 200EMA (30m TF)
I believe that the asset will continue to rise after overcoming the resistance level.
EGLD/USDT SCALPHi. I hope you have a good time.This analysis is a personal opinion. Please weigh in with your own review.
R/R:+4.5
If you like this analysis, please don't forget to like and follow.
EGLD MultiversX top buying zonesHi everyone, here's a scenario for EGLD that, let's say, takes a hefty beating. Unfortunately, EGLD has opened a door to one. Sadly, this scenario could pave the way for a downward impulse in this Main Zone Z (in blue). Essentially, the Z's can do anything. The strongest structural supports are found at $24.66, $21.12, $19.70, $10.36, $9.18, and $7.33. The pole of the LARGE M Pattern formed points to $7.83.
We also have the fibs that position the Z around $20, $10.87, $7.52, or $4.03.
I really like the potential zone ranging between $10.36 and $6.30 if the 19.70$ doesn't hold.
Liquidity is currently "manageable," but stagnant. Interest rates are high, and inflation is fluctuating. This could impact risk assets in the coming months. The consumer price index continues to rise, with an increase of 22% over the last five years. The Fed's reverse repo facility is a good indicator to monitor the Fed's monetary policy. It is currently declining, affecting liquidity in the financial system.
Elliot Wave count on EGLD/USDOn this EW weekly count, it seems that we are in the buy zone. The 1-2, and 3-4 legs respect the EW rules and they hit the targets accordingly. The fib levels also confirm this scenario. This is a long-term play but the good part is that the longer the time interval the higher the probability of working out and of course the higher the payout.
EGLDUSD ❕ declineRSI is moving in the sellers zone.
50EMA broke down through 200EMA on 4H TF.
Price has broken down through the 200EMA on the 30m TF.
I believe the asset will continue to decline after fixing under the support level.
#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$
EGLD USDT NO FOMO 🛑In the chart, you can easily see that every time EGLD reaches this trend, it immediately drops by 35%. I don't trust the trend line, because most of the trend lines are made to break, but it's better to be careful.
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
Some EGLD HOPIUMIn shadows deep, where darkness hides,
A flicker stirs, where hope abides.
Through weary hearts and troubled souls,
It whispers softly, making us whole.
In dreams we seek, a distant shore,
Where troubled waters rage no more.
With eyes alight, we dare to dream,
And find in hope, a steady beam.
Though storms may rage, and winds may blow,
Hope blooms within, a light to show.
Through darkest nights, it guides our way,
A beacon strong, come what may.
Yet, caution sings, a subtle tune,
For hope can wander to the moon.
In opium's guise, it may deceive,
But true hope's touch, we must believe.
So let us seek, with open eyes,
A hope that's pure, that never lies.
In balanced steps, with hearts set free,
We'll find the hope that sets us free.
Signed by: chatGPT :-D
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.
