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.
Multiversx
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/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 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.
#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
Scenarios for EGLDWe just broke Resistance 1, but there is another Resistance 2. Even for Resistance 1, it could be a Fakeout. As per the Wedge that has formed, I would be inclined to see three touches on the lower side (only two for the moment), so I would not be surprise to go under previous low, also as a spring of the accumulation. This is still a bearish evaluation, less damage that in my previous related idea (see it linked).
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
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
MultiversX (EGLD) Showing Signs of RecoveryMultiversX (EGLD) has been showing signs of recovery after bouncing up from a support level of $40.00. In our last analysis, we identified this level as a key support level, and it has held the pullback so far. Currently, EGLD is on its way to the minor resistance level of $54.50.
What is EGLD? MultiversX is a blockchain protocol that offers fast transaction speeds through sharding. It rewards community and active participants with EGLD tokens, which act as a store of value currency to pay for network usage and a medium of exchange between platform users and validators. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform and empowers participants to perform any network action. EGLD also functions as a governance token, enabling holders to vote on network decisions. MultiversX was announced in August 2019, and its mainnet went live in July 2020.
EGLD's Bullish Momentum
While it's true that just bouncing up from a support level does not guarantee an uptrend, EGLD has been displaying strong volume in the past two days. This is a positive sign because in the past, every time EGLD had a bullish day with strong volume, it led to an uptrend. This indicates that we may see at least a limited uptrend in the coming days.
So far, EGLD has not shown strong bullish momentum compared to the rest of the market this year. This makes it difficult to estimate where the rally will stop. However, this also means that we can expect a stronger rally later on in 2024-2025 when the rest of the market should reach its all-time high. This makes EGLD a promising investment for the long term.
Bottom Line: In conclusion, MultiversX (EGLD) has been showing positive signs of recovery lately. The strong volume it displayed in the past two days indicates that we may see a limited uptrend soon. While EGLD has not shown strong bullish momentum so far this year, we can expect a stronger rally in the future. Investors who are looking for a promising investment for the long term may consider investing in EGLD.
EGLDUSDT - Accumulation $EGLD against USDT is currently in an accumulation phase of 8 months and has printed a descending channel. It is currently in the middle of this channel. If we draw a Fibonacci Retracement from the Swing Low ($32) to the Swing High ($54.2), analyzing the period being 2023, we are around $38-39, which is at the 61.8% level.
We are preparing a buy order at this level, and we are also considering a DCA of around $34-35. In the event that the swing low of $32 is lost, we will wait for the validation of a new swing low and the closing of a candle above the MA21 on a 1-day timeframe.
We anticipate a target towards the MA233 zone ($47), and once this descending channel is broken, we will set our take profit towards $65-75.
Typically, this type of accumulation requires great patience and discipline
EGLD (MultiversX) - accumulationIt seems that EGLD has formed a quite strong descending range trend on the monthly timeframe, so it is maintaining a downward movement.
Currently, the price is supported upward by a range trend on the weekly this time.
However, I have identified some potential zones for the long term (at least 6 months, preferably a minimum of 1 year, or until targets are reached).
A first opportunity (which can be taken as a short-term position) would be the daily support at $38.4, and the moment when this support is reached is important, preferably together with the weekly trend - as a short-term position.
The weekly support at $34.54 looks very good and can support the movement.
The one at $29.8 could represent a good zone, but we should keep in mind that it has been tested.
The best accumulation zone from my point of view is this monthly support at approximately $11.
As zones where profits can be "locked," I have identified:
The daily resistance at $44.27 represents a quite important piece in the shorter term or the monthly descending range trend.
The weekly resistance at $56.7 looks good enough.
A really good and important target, that high at $64.
And for the more patient ones - the daily resistance at $ 132 and the 3-month one at $205.
It is easy to do DCA (just spot) at each support level, but the capital allocation will be different. Likewise, for collecting profit, a little bit at each target. I will follow these zones with interest, I am not exposing them just for the sake of exposure.
What I presented is not investment advice, just a personal view. Each person is responsible for their own decisions, don't put all your eggs in one basket, and don't invest more than you can afford!
EGLD longEGLD bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 49 is possible.
$EGLD/USDT 1D (#Bybit) inverted Head & Shoulders breakoutMultiversX (f.k.a. Elrond eGold) is pulling back to iHnS neckline / 100EMA support, looks good for a bounce back and a bullish continuation.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
45.95
Entry Zone:
45.95 - 43.39
Take-Profit Targets:
1) 51.75
2) 57.08
3) 62.41
Stop Targets:
1) 38.75
Published By: @Zblaba
$EGLD #EGLDUSDT #MultiversX #Elrond #eGold
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.1% | +119.1%
Possible Loss= -39.7%
Estimated Gaintime= 2-3 months
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
Possible H&S on EGLDI spotted this one too late unfortunately and I'M NOT SURE the right shoulder counts as shoulder but volume suggests it should be it. However if it retraces to that OB down there I think it'd be a good place to grab some. The target is the zone up there.
Good luck
$EGLD is building hudge! Check out the news, DYOR!We will see $EGLD over 1.000 USD in a year.
IF today #MultiversX has 2 mil users, tomorrow it could reach 1 bilion.
twitter.com
See who is TENCENT :
en.wikipedia.org
... also, let me remind you, they will launch a lot of new products and features:
multiversx.com
Future is near the corner and #MultiversX are one of the builders.
DYOR!
CHEERS!
EGLD long term scenarioWe have strong buy SIGNAL on 1W TF. Also, I've marked some fibo levels, and the TF for what I belive is to come.
RSI is also out from this selling channel.
We have to say that MultiversX has a looot of amazing fundamentals.
They are going to launch a product once on two weeks from now till may 2023. Also, they have one of the most serious teams in cryptoworld. Great TECh, super fast chain, amazing comunity!
I'm all in EGLD and MultiversX.
This is not a financial advise!
It's jus my opinion.
Cheers GUYS!
Egld/UsdT - Daily - Wyckoff Accumulation A possible Wyckoff Accumulation on EGLD/USD in the next coming mouths.
A invalidation can be when is not able to reclaim 38$ level
Let`s see how is playing out !
#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."
MultiversX (Elrond) EGLD Price TargetsThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for MultiversX (Elrond) EGLD are:
EGLD/USDT short
Entry Range: $34 -36
Price Target 1: $29
Price Target 2: $20
Price Target 3: $7.60
Stop Loss: $43
EGLD Elrond Rebranding failedEGLD Elrond is trading lower after the rebranding. Looks like a fail that could continue.
My price targets
EGLD/USDT short:
Entry Range: $43 - 44
Price Target 1: $35
Price Target 2: $28
Price Target 3: $24
Stop Loss: $53
