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EGLDPERP trade ideas

EGLD: The Sleeping GiantMultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024. If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future. On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1). The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio. About the coin: MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
CRYPTO:EGLDUSDLong
by MohamedSewid
EGLD inside a Wave 2, Y wave.Hi everyone! The CRYPTOCAP:EGLD price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point, CRYPTOCAP:EGLD is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline. Top buying zones (supports).. 48,35$ - 46,39$ 41,70$ - 41,16$ 35,96$ to 33,63$ 29,94$ 26,73$ No financial advise.
BINANCE:EGLDUSD
by Crypto_Mercy
why im bulish on Egld longas you see my chart looking clearly i based my analysis on logical reasons as we know 21 avril 2024 we will face important event is bitcoin halving second reason in the chart we see bullish pattern like something want to push the candles up and the third reason we see techincaly compressed triangle on the daily frame and we know if the patterd breadks the resistent we'll see pumps in the egld the important thing in the weekly chart we are testing and touching weekly resistent the price wanna break it and the resistent push it down but we believe the chart stronger now if we broke this key level trust i'll be honest we will see egld above 100$ 1000% and i think 200$ and my target is 1000$ ciao ciao
BINANCE:EGLDUSDLong
by omarboxe
EGLDUSD under appreciated or just forgotton? huge oppurtunity? BITFINEX:EGLDUSD Once a dominant and hopeful alt with an over inflated value tumbled to the abyss it seems EGLD fell so far in the hole it might have been overlooked and forgotten. Without getting into use case which I always feel is what is any altcoins staying potential, outside of being a memecoin, ELGD once seemed like it had a positive roadmap and as such ended up in my crypto portfolio at some point. Why is ELGD not seeing the same level of speculation as many of the other alts with similar interest. A quick look has me interested and I will be trying to learn more about the potential ELGD has towards those of us interested in market movement and jumping on a potential 200% overnight rocket ride.
BINANCE:EGLDUSDLong
by dasBoot
2
EGLD's Breakout Play: Rally Ahead or False Start?Bias: Bullish Description: EGLD is poised above a key ascending trendline on the daily chart, indicating a bullish stance. The sustained price above the SMA and recent breakout suggest potential for continued upside. Direction: Upward (Long) Entry: A strategic entry would be on a confirmed bounce from the current level or on a breakout above the recent high of $71.51312948, ensuring momentum is in favor. Stop Loss: To manage risk, a stop loss could be set below the ascending trendline or the last swing low at $63.84913611 to mitigate potential downside. Targets: Looking upward, the psychological round numbers such as $80, $90, and the all-important $100 mark serve as potential profit-taking zones. Caution: Volume data is unavailable, which could impact the reliability of the breakout. Also, watch for any bearish reversal patterns or signs of declining momentum, which could invalidate the bullish outlook. Stay updated on broader market trends and news that may affect sentiment.
CRYPTO:EGLDUSDLong
by SpyMk
Get Ready for 2023 Lower Low and a bigger higher lolThe current price is ok but to generate enough holders for 2023 we need a decent dip. Any of the green lower lines would create a strong positive outcome. Previous trades was outstanding and performed very well. Coinbase is listing so i assume there will be alot more volume next year to make this chart a reality. That all i have to say. Will update when i get a chance but all you really need to do is buy the next lower low and hold.
BINANCE:EGLDUSDShort
by UnknownUnicorn20315852
5
LONG WAY TO PARADISEWell, I wish that I could tell you it was easy, Just take the paved road right to paradise But the truth is my friend, the pain and suffering never ends Make amends with medicine, amnesia, and lies The grains sift coarsely through the hour glass And they pound like boulders on the brain All those things you did for fun, Never hurting anyone, Careless shadows in the sun, just empty and lame And it's no, it's no use thinking that you're wrong The past is old and gone It's best to move along and find your Avalon...
CRYPTO:EGLDUSD
by CryptoPummel
1
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.
BINANCE:EGLDUSD
by Crypto_Mercy