EGLDUSDTEGLD ~ 1W
#EGLD so far maintaining this demand zone.
Make purchases in stages with a short term target of at least 20%+ from here.
Egldusdt
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.0%
Current Price:
35.91
Entry Targets:
1) 34.56
Take-Profit Targets:
1) 48.29
Stop Targets:
1) 27.68
Published By: @Zblaba
CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com
Risk/Reward= 1:2.0
Expected Profit= +79.5%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 months
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.
EGLD Long SwingNot entering Long yet but this looks pretty Clean.
Will update this after looking in depth into it.
Rejection from this level is going to send this to 47 area.
Planning to long it if holds here.
Wants an entry under 28.
Note:Not a Financial Advise.
EGLDUSDTEGLD ~ 1W ✅
#EGLD Price returns to our buy zone. Make purchases in stages with a minimum target of 20%+
EGLD Price Update & Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
EGLD failed to break above the 50 EMA resistance and was rejected. The current market price of $28.8 is trying to hold strong, but it will likely weaken if there's insufficient volume.
The invalidation point at $26 is also a support trendline, and a close below this level will likely trigger a drop to the lower support level at $22.4.
For EGLD to turn bullish, it must break the 50 EMA as it did in October 2023.
Key levels:
~ Primary Resistance: 50 EMA.
~ Support: $26.
~ Target: $65 to $75.
~ Adjusted Invalidation Point: A breakdown and close below $22.40.
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
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
EGLDUSDT Is a Major Move on the Horizon?Yello, Paradisers! Is #EGLDUSDT setting up for a major reversal, or are we looking at a possible extended downturn? Let's dive in.
💎Currently, #EGLD is forming within a descending channel, hinting at a potential downturn as it approaches a strong demand zone. This zone could be the catalyst for a significant momentum reversal, potentially setting up EGLD for a powerful upward move. If this scenario plays out, we could see EGLD targeting the supply zone first.
💎However, there's a key pivot point to watch—if EGLD fails to break through the supply zone and remains confined within the descending channel, the price might continue to move sideways, oscillating between the strong demand and supply zones. For a bullish continuation, it's crucial that EGLD breaks out of this range and moves toward the final target near strong resistance.
💎On the flip side, bullish momentum could be invalidated if EGLD breaks below the strong demand zone and closes the day beneath it. This would increase the probability of further downward movement, potentially leading to a deeper dip.
Stay focused, patient, disciplined, and always keep your eyes on the prize.
MyCryptoParadise
iFeel the success🌴
EGLDUSDT 1WEGLD ~ 1W
#EGLD This is important support for $EGLD. and has the potential to form a double bottom-up.
We are starting to place small buys here for at least a 20%+ upside
EGLDUSDT.1DHere’s an in-depth analysis of the EGLD/USDT daily chart, observing various technical components that provide insights into the potential market direction.
Key Technical Levels:
• Resistance Levels: The primary resistance at R1 ($52.70) represents a significant level where previous price rallies have faced strong sell-offs. Above this, R2 at $82.25 marks a critical upper boundary that could indicate a more substantial bullish trend if overcome.
• Support Level (S1): The chart shows crucial support at $22.60. This level is pivotal, as a drop below could signal a potential test of lower historical supports, impacting market sentiment.
Technical Indicators Analysis:
1. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram displays a negative value, indicating bearish momentum in the market. This suggests that there could be further downward pressure in the short term unless a crossover to the positive occurs.
2. RSI (Relative Strength Index): The RSI hovers just below the midline at approximately 49.55, indicating a lack of strong buying or selling momentum. This positioning suggests a cautious market sentiment, where traders are neither overly bullish nor bearish.
Price Trend and Market Strategy:
• The marked downward trend from previous highs suggests a bearish sentiment has been dominant. However, the approaching support level at S1 will be crucial. A hold above this level could stabilize the price and potentially lead to a rebound towards R1.
• Conversely, a break below S1 might exacerbate the bearish outlook, pushing prices towards more profound support levels.
Trading Strategy:
Given the current market indicators and price levels, traders might consider adopting a cautious approach. For those looking to enter the market, watching for a potential bounce off S1 with appropriate risk management could be prudent. Alternatively, should the price convincingly break below S1, waiting for stabilization or further decline to lower supports before taking positions might be advisable.
In summary, the EGLD/USDT market is currently at a juncture where the next significant price move could be imminent. Traders should closely monitor MACD for any signs of a bullish crossover and the RSI for shifts out of the neutral zone to better gauge the market’s direction. This analysis should guide trading decisions, emphasizing vigilance and readiness to adapt to new information as the market develops.
EGLD solid buying opportunityCurrently EGLDUSDT is near the demand zone, where buys should be getting super active.
EGLD should be aiming for the preciously formed supply area, which represents 60% price increase from the current level.
MULTIVERSX IDEAIt seems that egld has reached a suitable support range and is preparing for a medium-term upward movement.
EGLDUSDT.1DLooking at the current EGLD/USDT chart, we see a fascinating technical landscape unfolding. First, let's discuss the support and resistance levels I've identified:
Resistance Levels (R1 and R2): R1 stands at $52.70, which has acted as a significant barrier since early 2023, and R2 is at $82.25, a level last tested in late 2022. These resistance points are critical for the bullish scenario and would need to be broken with substantial volume for a sustained upward movement.
Support Level (S1): The S1 at $22.60 is pivotal. This level has been tested and held firm throughout mid-2023, indicating strong buying interest.
Now, let's delve into the technical indicators:
Relative Strength Index (RSI): The RSI is currently around 38.97, which suggests that EGLD is neither overbought nor oversold. This neutral RSI provides room for the price to move in either direction without immediate pressure from overbought or oversold conditions.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but above the zero line, which typically suggests a bearish momentum. However, the proximity to the zero line also indicates that the negative momentum is not overwhelmingly strong.
Given these observations, my perspective is cautiously optimistic. The support at $22.60 provides a good foundation for potential upward movement, but the market will need to see significant buying volume and a positive shift in broader market sentiment to challenge and possibly break through the resistance levels. Investors should keep a close eye on the MACD and RSI for early signs of momentum changes and adjust their strategies accordingly. If the price fails to hold the S1 support, it could lead to a retest of lower levels, but for now, the setup looks promising for buyers at current levels, provided the support holds strong.
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
EGLDUSDT | Ready for Another Surge?Market Context
EGLDUSDT has been on a fantastic upward trajectory, and it looks like the momentum might continue! This could be a golden opportunity for a quick trade with an impressive risk-reward ratio of 4.5:1.
Chart Analysis
• Strong Upward Movement: EGLDUSDT has been climbing steadily, showing strong bullish momentum that could push it even higher.
• Bullish Indicators: Various technical indicators are aligning to suggest that this upward movement has the potential to continue.
Strategy
I’m diving in with a trade aiming for a 4.5:1 risk-reward ratio. This setup is all about capturing the next leg up in EGLDUSDT’s bullish run.
Action Plan
Setting my entry and watching closely. If EGLDUSDT keeps up its current pace, we could see some exciting gains. Buckle up and let’s ride this bullish wave together!
Good luck, everyone! 🚀💪
Multiverse, bullrun tp.Evening lads , gonna update some coins as we closed monthly candles super bullish, not gonna write too much tho please consider these are my own opinions and always dyor .
EGLD PlanEGLD appears promising at the current level. If it holds here, an upward movement is likely. Keep a close watch on it and always manage your risk effectively.
The price is oscillating above the daily support at $27.5In the 4-hour chart of EGLD, the price is oscillating above the daily support at $27.5. If this range holds, we expect the price to move towards the level of $36. If the support is lost, the next support levels are indicated on the chart.
EGLD's Situation: What Shall we Expect !!! BINANCE:EGLDUSDT
Produced the descending resistance on daily timeframe , Up we go if we do breakout.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$EGLD BULLISH FROM HERE !#egld/usdt is breaking out of a trendline on the 8-hour time frame🧐
An upward price movement is anticipated following this breakout✈️
BINANCE:EGLDUSDT
Egld decision time soon I think EGLD will soon make a decision
60\40 for Short because the pattern is forming after a dump and may be a consolidation before more downside and testing the Bearmarket low
We will see what the PRICE ACTION will print forward and act after a confirmation
EGLDUSD 1WEGLD ~ 1W
#EGLD this is the first support block holding the price of CRYPTOCAP:EGLD so far.
We placed our first purchase here, Target at least 15%+ from here
EGLD/USDT Preparing for an Explosive Breakout | Positive Signs👀💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up.
💎If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity.
💎If CRYPTOCAP:EGLD revisits this zone, it’s imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall.
💎Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market.
MyCryptoParadise
iFeel the success
