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 : $88.00
Regards
hexa
Egldusdt
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one
EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 93$!
🟡Summery:
-EGLD has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
-Next Target at 93$
🤑Stay awesome my friend.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
EGLD: Bullish PennantElrond (EGLD) technical analysis:
Trade setup : Price spiked up to $50 resistance, got very overbought (RSI > 90!) and pulled back. Now it’s consolidating in a Bullish Pennant pattern, which is a continuation pattern and typically resolves in the direction of an existing trend (in this case an Uptrend). In case of a bullish breakout from this pennant, price could revisit $55.
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $38 (previous support), then $28. The nearest Resistance Zone is $50, then $54.
EGLD/USDT bullish scenario? 👀 🚀 EGLD Today analysis💎 Paradisers, gear up to delve deeper into EGLDUSDT as it showcases a captivating trajectory, hinting at a heightened likelihood of revisiting its upward momentum after a recent rejection from resistance.
💎 EGLD recently faced a setback from the resistance at 29.32. However, the scales tip towards a probable bullish resurgence from the 26.35 level, with the presence of a bullish OB further bolstering this scenario. Another potential pivot point lies at the demand level of 25.49.
💎 The VRVP's pronounced volume at this juncture indicates that whenever the price approaches this level, a bullish surge is likely.
💎 While some novice traders might be tempted to short at this level, always remember to stay a step ahead, analyzing the market with a discerning eye.
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.
EGLDUSDT.1DBased on the market data provided, the EGLD/USDT pair is currently in an overbought area as indicated by the high Relative Strength Index (RSI) values on the 4-hour and 1-day charts (86.25 and 88.89 respectively). This could possibly indicate a potential future price pullback.
The Moving Average Convergence Divergence (MACD), another momentum indicator, shows positive values on the 4-hour and 1-day charts, indicating a bullish trend. However, the 7-day MACD shows a negative value, suggesting that the longer-term trend may be bearish.
In terms of the Bollinger Bands (Bb), the current price is closer to the upper band on both the 4-hour and 7-day charts, which could indicate a downward price reversal in the short-term.
The support and resistance levels indicate the price levels that the asset has trouble moving beyond. The closer the current price to a support level, the more likely it is to bounce back up. Conversely, the closer the price to a resistance level, the more likely it is to bounce back down. Given the current price of EGLD is 47.32, it is closer to the first resistance level on the 4-hour, 1-day, and 7-day charts, suggesting that it might face downward pressure.
In conclusion, while the EGLD/USDT pair shows a bullish trend in the short-term, the overbought RSI values and the position relative to the Bollinger Bands suggest a potential price pullback. Moreover, the negative MACD on the 7-day chart indicates a possible bearish longer-term trend. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops. This analysis is based solely on the technical indicators provided and does not take into account fundamental factors or broader market conditions which could also affect the price.
EGLD: Overbought at ResistanceTrade setup : Price broke back above the down trendline and above 200-day moving average ($32), which confirmed a bullish trend reversal to Uptrend. Then it spiked up to $50 resistance. However, price is now very overbought (RSI > 90!) just as it reached that $50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $28 (previous support), then $22. The nearest Resistance Zone is $38, which it broke, then $50.
EGLD HUGE BOUNCE INCOMINGGGGGGGGBe ready to buy EGld around 27-31 levels. Weekly support a very very strong bounce incoming .Buy the dip
EGLD USDT is ready to make a bullish move. Egld just tapped the weekly demand zone. I have bought a huge bag of egld and am bullish on it, looking for at least a 50-100% move here. The bottom has been made on the Egld coin.
Position yourself accordingly and manage your risk, Proper sl and targets are shared in the chart.
EGLD Massive fallling wedgeEGLD have this massive falling wedge on daily TF.... Wait for clear breakout and take long position after retest
Follow for more market update or chat me up
EGLD/USDT Potential Upside? 👀 🚀 EGLD Today Analysis💎Paradisers, turn your attention to EGLDUSDT! We've observed it making a notable shift, retesting crucial support and gearing up for a bullish ascent. The break from its descending channel further amplifies this bullish sentiment.
💎 Currently, MultiversX is navigating within a descending channel, teetering on the edge of a breakout. When we align this with the medium time frame (MTF), it showcases impressive momentum. Given this, we're confident that in the short time frame (LTF), it's poised to approach our anticipated resistance level soon.
💎 Another intriguing observation: should the price of EGLD breach the support zone, we anticipate a downward trajectory. In such a scenario, it's crucial to strategize our entry points wisely.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
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: Bearish Patterns Signal Caution, DCA Opportunities AheadBearish pennant or descending triangle:
Equal % drop to materialize.
See blue range between
20.5–19 for potential bottom.
40 dollars is resistance.
Losing 35 area hurt EGLD really bad.
Good DCA range though.
EGLD/USDT upward momentum? 👀 Elrond Today Analysis
Paradisers, turn your attention to EGDLUSDT! Currently nestled within a demand zone, it's gearing u p for a bullish ascent, even amidst market volatility.👀
💎EGLD has established equal lows, secured liquidity, and addressed the bullish OB at its current level. This sets the stage for a potential explosive move upwards.
💎 Another intriguing observation: while the price trends downward, the RSI showcases a bullish divergence. This hints at a probable upward shift of Elrond in the near future.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
#EGLD/USDT 12h (ByBit) Rising wedge breakdownMultiversX just lost 50MA support and seems likely to continue with the local retracement down.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.5X)
Amount: 5.0%
Current Price:
34.15
Entry Targets:
1) 35.35
Take-Profit Targets:
1) 30.25
Stop Targets:
1) 37.90
Published By: @Zblaba
CRYPTOCAP:EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:2
Expected Profit= +79.3%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 weeks
multiversx.com
EGLD in the buy zone!!!EGLD is in the global buy zone 55.89-26.85
Local buy zone 37.08-21.06
Buy zone 32.76-25.84
Buy Level 29.10
A bucket of $23 (maybe backache)!
Volume price was 7.78
The one who has accumulated volume at this price is still holding it!!!
It follows that the price should be pushed well above the previous high!!!
EGLD And the Promising RewardHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 570 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target.
#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$
elrond EGLDUSDT Price Analysis (Weekly)📈💥 Greetings, traders and investors of @TradingView! Let's dive into the analysis of elrond!
🚀 Today, EGLDUSDT finds itself in a relatively low position after experiencing a massive crash from its all-time high (ATH) at $544. The price has plummeted by nearly 95% to the $30-35 zone, where it currently resides.
🔍 When examining the weekly timeframe, we observe a bullish divergence on the RSI indicator. This suggests a potential upward movement for EGLDUSDT in the coming months, signaling a possible shift in market sentiment.
📊 It's important to consider previous support and resistance zones. Based on these levels, we can identify potential target zones for bullish momentum. The blue box on the chart indicates a target range of $54-64, while the red box represents a target range of $80-99. However, we believe that reaching the red box target has a lower probability, so take that into account when planning your trades.
💡 As always, it's crucial to stay updated on market developments, monitor price action, and employ proper risk management techniques. Set stop-loss orders and adjust your trading strategies accordingly.
🔍 Feel free to explore our resources to enhance your trading skills:
Education articles
📚📈 Curious about Bullish Divergence? Dive into our comprehensive article for a deeper understanding of this powerful indicator and how it relates to EGLDUSDT's current situation! 🚀📈
Read the Article Here ➡️
Happy trading! 💰🚀
EGLD/USDT - MultiversX: Failure_Swing◳◱ We've detected a Failure Swing pattern on the TSXV:EGLD / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 38.03 | 41.13 | 48.55 and the major support zones are respectively at 30.61 | 26.29 | 18.87. It is a bullish indication and we may consider buying at the current price zone of 33.13 and targetting higher levels.
◰◲ General info :
▣ Name: MultiversX
▣ Rank: 53
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Elrond is a blockchain designed for high throughput and relatively fast execution speed compared to other smart contract platforms. It features Adaptive State Sharding as its scaling solution and a Proof-of-Stake (PoS) variation called Secure PoS to secure the network. Elrond also contains a WebAssembly-based virtual machine that can support the creation and execution of decentralized applications (dApps).
◰◲ Technical Metrics :
▣ Mrkt Price: 33.13 ₮
▣ 24HVol: 2,632,355.797 ₮
▣ 24H Chng: -2.415%
▣ 7-Days Chng: 1.58%
▣ 1-Month Chng: -10.25%
▣ 3-Months Chng: -21.64%
◲◰ Pivot Points - Levels :
◥ Resistance: 38.03 | 41.13 | 48.55
◢ Support: 30.61 | 26.29 | 18.87
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -1.06
▣ Last 90D: -1.45
▣ Last 1-Y: -0.40
▣ Last 3-Y: 0.82
◲◰ Volatility :
▣ Last 30D: 0.64
▣ Last 90D: 0.53
▣ Last 1-Y: 0.68
▣ Last 3-Y: 1.18
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.54 - Bullish
▣ Reddit sentiment score is 0.83 - V. Bullish
▣ In-depth EGLDUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Elrond historic move don’t miss out!!👀 🚀EGLD today analysis💎EGLD is ready to make a significant move. It has been trading within a descending channel for the past month, holding firm at the lower low.
💎 Currently, it's situated in a high-demand area within the channel, and the overall market positivity could signal a bullish trend. We're anticipating a breakout soon.
💎Another key point to note is that EGLD is nearing a crossover with the 50-day Exponential Moving Average (EMA). If it can sustain its momentum above this line, it could indicate a strong upward move.
💎The volume is also showing promising spikes, which could trigger a bullish move.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
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
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.
