Egldusdt
EGLD USDTEGLD 15-minute time frame: After a successful breakout from a zone marked in green, We could take entry after the candle closes above the marked zone. Always use stop-loss. Everything is on the chart.
Entry 63.75
S.L 62.18
T.P 66.45
EGLD Road Map🗺️!!! situation+next targets.Hi.
COINEX:EGLDUSDT
✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
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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/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.
Elrond (EGLD) Daily Breakout, Key Resistance in FocusElrond is currently hovering around a crucial resistance level of $74. A decisive breakout above this level could propel EGLD towards $84.
EGLD has been on an upward trajectory in recent weeks, buoyed by positive developments within the Elrond ecosystem. However, the token has encountered resistance at the $74 mark. A failure to breach this level could lead to a retracement down to the $70-$66 support zone.
Technical Analysis: The Relative Strength Index (RSI) is currently hovering around the neutral zone, indicating neither overbought nor oversold conditions.
My Opinion: I believe that a sustained breakout above $73-$75 is critical for EGLD to maintain its bullish momentum. If the token fails to surpass this resistance level, a correction towards the $70-$66 support zone is likely.
not financial advice.
Navigating the Bullish Seas: A Long Trade Prospect on EGLDEmbarking on a charted journey with BINANCE:EGLDUSDT , technical traders are presented with a promising long trade opportunity. The daily chart showcases a harmonious blend of technical indicators that point towards an optimistic uptrend. This analysis will serve as a compass for those seeking to understand the winds of trade, offering key reasons to set sail on this bullish voyage.
Arguments for Initiating a Long Trade:
Cup and Handle Pattern: The formation of a cup and handle pattern, a classic bullish continuation signal, is evident with the price trajectory forming the 'cup' since December and the 'handle' through February and March.
Resistance Breakout: The price has breached the resistance level of the 'cup' (highlighted by the green horizontal line), suggesting a potential for continued upward movement.
5 0 EMA Crossover: The price is above the 50-day Exponential Moving Average (EMA, green curve), confirming the bullish trend as the EMA acts as dynamic support.
Volume Increase: There is a visible uptick in volume, indicating strong buying interest that could propel the price further.
Relative Strength Index (RSI): The RSI is not in the overbought territory, which means there is likely room for the price to rise without immediate reversal due to overbuying pressure.
BINANCE:EGLDUSDT shines as a beacon for traders seeking profit in the bullish currents. The confluence of a recognized bullish pattern, volume support, and positive momentum indicators signal a strong case for a long position. Traders may consider embarking on this journey with a disciplined approach, ensuring proper risk management through stop-loss orders below the pattern's handle or recent swing lows. As always, it's important to navigate with caution and be prepared for the unpredictable tides of the crypto markets.
Trade Execution Plan:
Entry Point: An ideal entry would be a pullback to the handle's upper boundary, confirming it as a new support level.
Stop Loss: A stop loss could be set below the handle or the most recent low to minimize potential losses if the tide turns.
Take Profit: Set initial take profit levels near the projected target of the pattern's depth above the breakout point, while monitoring for signs of trend continuation or reversal. For me as usual only 200% TPR.
Good Luck
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/USDT Perfect bounce from the crucial area. Ready for upward💎 EGLD's market presence has recently captured significant attention. Following a robust bounce from the demand area, accompanied by the closure of the daily candle marked by a strong green signal, EGLD is currently positioned for potential upward movement. This development aligns with the trajectory towards our target within the bearish OB area, suggesting a bullish inclination.
💎 However, should EGLD struggle to maintain its upward momentum and regress back to the demand zone, it becomes imperative for it to hold and bounce back from this level. Failure to do so, signified by a breakdown of this area, could critically disrupt the bullish trend.
💎 In such a scenario where EGLD fails to uphold the demand area, the likelihood of a downward movement increases, potentially leading EGLD towards the support area. This shift would mark a significant transition from bullish to bearish tendencies, demanding careful market analysis and strategy adjustment.
Possible Short & Mid-term Targets for EGLDUSDTGreetings,
In the scenario that the price does not lose the blue box ($57), I expect it to go to the supply zone at $65+ as the first target.
If it can cross the supply zone, the upper resistance levels can be targeted.
In a scenario where the price loses the blue box, the other area I would look for support would be around the green box ($50).
EGLD/USDT Bracing Bullish Shift from Support?👀 EGLD Analysis💎 Paradisers, focus on #EGLDUSDT, as it's showcasing a pattern that strongly suggests a bullish surge from its support level.
💎 #MultiversX is currently flirting with its resistance level, teetering on the edge of a breakout. It's nudging the short-term 0.618 Fibonacci retracement near $55.45 but has recently faced a setback at this fib level.
💎There's a chance CRYPTOCAP:EGLD might not sustain the initial momentum needed for a breakout. If so, we could see a downward consolidation before another crucial retest at our current support of $51.58. Once this level is firmly retested, we anticipate a significant upward movement.
EGLD WatchOuTEgld currently on massive Resistance.
Possible rejection is going to send it lower with impulsive move.
Already in short position from Above 61()
and adding margin here from above 59.20.
Targeting much lower will se how it rejects.
Stopping if holds above 60.
Note: Not a Financial Advice.
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
EGLD ChartThe price chart for CRYPTOCAP:EGLD shows growth potential. If it confirms a breakout above the indicated red zone, an entry point around $60.95 could be favorable. It's essential to use a stop-loss for risk management.
Everything is on the chart. All the targets are marked.
EGLDUSDT → Growth may resume after the correction stopsBINANCE:EGLDUSDT is trying to finish the technical phase of correction and continue the global uptrend amid the realization of 2-year accumulation.
Since the middle of last year, the coin was in hibernation, or rather in the consolidation phase. Formed a bottom, a narrow corridor allowed the formation of a strong support area. On the background of cryptocurrency market recovery, the growth of the flagship - bitcoin, EGLD revives, but at the same time forms trend resistance. On D2 the resistance is broken and for a few weeks the price forms a consolidation above the line, on H6 it is a descending range (correction).
On the main chart we see an attempt by price to break the correction resistance. Consolidation of price above 53.45 will form a bullish potential that could resume the uptrend.
Support levels: 53.45, 51.4, 47.11
Resistance levels: 60.1, 68.48
I expect the continuation of the global trend, but for this the bulls need to finish the correction phase, which is within the current descending channel. A breakout of the resistance and consolidation above this level will be a good signal
BINANCE:BTCUSD CRYPTOCAP:TOTAL
Regards R. Linda!
EGLD/USDT Primed for Bullish Turnaround from Key Support? 👀🚀💎 Paradisers, #EGLDUSDT as it unfolds a significant pattern, nestled at a crucial support level, and hinting at a potential bullish upswing.
💎 Observing #Multiversx's recent activity, we've noted a trend of breaking to new lows, suggesting a prevailing bearish sentiment. However, a notable aspect is the potential for a bullish reversal from the critical support of $39.48. Achieving stability at this level could catalyze a strong ascent to counter the overhead supply.
💎 As savvy traders, we're equipped for a range of scenarios. Should #EGLD fail to materialize the expected bullish reversal, we might see a rebound from a secondary demand level at $34.97. A breach below this threshold, however, could signify a significant shift to bearish momentum.
#EGLDIn time H2, it is moving inside a density, which can be a 4th wave of correction erosion, which will finally be completed with a shorter roof inside the density from the bottom to make a complete cycle of 5 waves of correction. Therefore, it is possible to enter a sell position with failure from the bottom.
EGLD/USDT The retest is valid. Ready for Continue Upward Move ??💎 EGLD has recently exhibited remarkable market dynamics. Following a strong bounce signaled by a bullish green candle, EGLD encountered resistance at the $60 level, leading to a rejection.
💎 However, EGLD appears poised for another attempt at breaking through this resistance. A successful breach of the $60 barrier could facilitate a smoother upward trajectory, The probability propelling EGLD toward the targeted Bearish OB area.
💎 On the flip side, should EGLD struggle to surpass the $60 resistance and face another rejection, there's a likelihood of retracing back to the demand zone. Moreover, a prolonged consolidation in this demand area could weaken its support, raising the risk of a breakdown.
💎 Such a scenario would indicate a significant shift in trend, potentially leading EGLD into a bearish phase. If EGLD were to fall through the demand zone, it could descend towards the $38 support level. A breach below this support might exacerbate the downward movement, causing EGLD to explore even lower levels in the market.
EGLDUSDTAt this point, I will be following the possible movements EGLD can make. I think the likely scenario will be to see the demand zone below (around $ 41).
If it cannot see enough demand in the demand area, I think it may hit the support of $ 39, which I have been thinking about for a long time. Therefore, I will set up accordingly.
#EGLD/USDT 1h (ByBit) Broadening wedge breakoutMultiversX (f.k.a. Elrond eGold) just regained 50MA support and seems about to leg up towards 200MA resistance.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (5.0X)
Amount: 5.4%
Current Price:
54.03
Entry Zone:
53.68 - 51.92
Take-Profit Targets:
1) 57.48
1) 61.00
1) 64.52
Stop Targets:
1) 48.89
Published By: @Zblaba
SEED_WANDERIN_JIMZIP900:EGLD BYBIT:EGLDUSDT.P #MultiversX #Elrond #eGold multiversx.com
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +44.3% | +77.7% | +111.0%
Possible Loss= -37.0%
Estimated Gaintime= 2-6 days
EGLD/USDT upward momentum from support? 👀🚀EGLD Analysis💎 Paradisers, turn your attention to #EGLDUSDT, as it's currently exhibiting trends that suggest a bullish transition from its current support zone.
💎 In light of recent market fluctuations, #EGLD has been on a decline. However, if it manages to sustain momentum at the support level of $46.94, there is a promising opportunity for a bullish advance towards the significant resistance level at $75.32.
💎 The dynamic nature of the cryptocurrency market demands a strategy that is both adaptable and responsive. Should #EGLD face challenges in holding above the $46.94 support level, it might be time to recalibrate our strategy.
💎 In this event, our focus would shift to a potential bullish rise from a lower demand level at $42.61. Monitoring this level is vital, as a breach below could signal the necessity for a strategic realignment, potentially pointing to challenges in maintaining a bullish trend in the #EGLD market. 🌴💰
Zoomin' in: 140-170$I already added the comment to my other idea (linked below). A more conservative target would be 140-170$ if we are believers of the 1.618. This is when we don´t consider big wicks, we also look at the volume profile resistance levels and we look at the historical 0.618 retracement from previous all-time-high.
This could be a possible channel to go there, also depending on Bitcoin ETF, when first buys will be allowed, and so on....
