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
Egldusd
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.
EGLD ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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
EGLDUSD hit the 1W MA50 for the first time in 1 year!Elrond (EGLDUSD) hit today its 1W MA50 (blue trend-line) for the first time since April 2022. If it manages to close a 1W candle above it, it will be a major buy signal. On top of that, the long-term pattern appears to be an Inverse Head and Shoulders (IH&S), which technically is a formation that emerges on market bottoms. As a result, if we get that 1W candle close above the 1W MA50, we will buy and our technical target will be the 2.0 Fibonacci level at 93.00.
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EGLD/USDT🔵🐇 #EGLD/USDT
📍as you see price feed Res Liquidity much time and now i think we can reach around fresh liquidity magnet level as a new target for bullish move
🪄#EGLD Position Based On Fresh Liquidity and Order Blocks and Structures
#eth #btc #bitcoin #ethereum #cryptocurrency #crypto #Trade #trading #Invest #Trader #Signal #forex #Scalp #altcoins #chart #RTM #ICT
@aliceinmoneyland
Potential EGLD breakout (Swing play)Similar to the setup of the BINANCE:DOGEUSDT breakout that I showed before (linked below) there is a potential breakout that could happen similar to the doge
Target the 0.618, 0.786 and 1 fib channel levels as take profit targets
Move SL to Entry at the first target!
Example for the Doge play:
MultiversX EGLD Price targets if SEC will ban Crypto StakingCoinbase CEO says he heard rumors the SEC wants to ban crypto staking.
Already crypto exchange Kraken shuts down crypto-staking.
This will have ripple effects in the entire industry!
My price targets for MultiversX EGLD are:
EGLD/USDT short
Entry Range: $40 - 45
Price Target 1: $35
Price Target 2: $29
Price Target 3: $24
Stop Loss: $49
EGLD BUY SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EGLDUSD between the 1D MA50 and 200 waiting for a break-out!Elrond (EGLDUSD) is rebounding since yesterday after coming very close to the 1D MA50 (blue trend-line), which has been supporting since the January 13 bullish break-out. Practically after the February 08 rejection, it has been ranging within the 1D MA50 and the 1D MA200 (orange trend-line) waiting for a break-out to gain volume.
With the 1D RSI on a Channel Down (i.e. Bearish Divergence) similar to October 04 - November 03, we may see a strong correction towards the market bottom if the price closes a 1D candle below the 1D MA50. On the other hand, since the longer term pattern has been a Channel Up since the June 13 Low, a closing above the 1D MA200, will be a bullish break-out for us, targeting the top of the Channel Down.
A pattern that may have gone unnoticed and could be the one that will influence the price the most, is the Inverse Head and Shoulders (IH&S) that started forming after the November 09 drop of the FTX crash. Its 0.618 - 0.5 Fibonacci retracement levels are the Support Zone so far, its 1.5 Fibonacci extension can coincide with a Lower High on the Channel Down, and if broken, our ultimate target will be the 2.0 Fib extension.
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EGLD LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to scalpy BUY/LONG the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#EGLD Egld/USD -4h Chart#EGLD - we have multiple confluences and probabilities.
Analysis is done for the swing trade opportunity.
The first scenario is more optimistic showing only a retrace and continuing the trend. But there is a possibility that the price may liquidate the trendline and make a consolidation at the extreme buy point before continuing its upward movement. Be cautious and do not risk too much.
Invalidation - after $32.22, continuing the downward trend."