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EGLD / TetherUS PERPETUAL CONTRACT

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EGLDUSDT.P trade ideas

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!
Long
by RLinda
2
EGLD Long EGLD has recently surpassed its previous high, signaling a breakout in its price action. Following this breakout, the market experienced a change in direction, marking another Breakout Setup (BOS). This confirmation of the high indicates a strong upward momentum, having cleared out almost all the inducements. Currently, there remains only one significant Inducement (IDM) level to overcome, which is positioned close to the confirmed low. If EGLD manages to reach this lowest IDM, it will enter what is known as the extreme Oder Block (OB) zone. This situation typically triggers a buy momentum as the market takes support from the established trendline, further strengthening the bullish sentiment. Overall, the breakout above the previous high coupled with the confirmation of highs and the potential for further momentum suggests a favorable environment for EGLD, potentially leading to increased buying activity and upward price movement.
Long
by Hettiarachchi1993
4
EGLD/USDT | MultiversX|1W 👀The project is based on finding a compromise among parameters like decentralization, security, and scalability (the trilemma). In a way, the project creators are reimagining blockchain architecture. I can't say I'm a big fan of the project and its ideas, but solving the blockchain trilemma is a significant task. So, if someone manages to achieve that, I want to benefit from it. I hold this coin in my portfolio and averaged it around $45, so my average is now around $50. I consider this a great long-term indicator. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of MultiversX. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #MultiversX #Investing #EGLD
Long
by Nyskohuz
EGLD Long RR:4.6Accumulation for two years from Jan. 2022 in the 38.12-69.64 channel with deviation down, then exit down into the 22.49-38 channel. 12 followed by a return, with a deviation upwards. At the moment the price has gone under the middle line and is in the channel of a pair of hourly levels 46.23-49.41 We are watching for the breakdown of the hourly channel up 49.41 and the daily channel up 51.63. Trading idea. RR 4.6 Medium term. Long. Entry with two orders in Long. Stop behind the hourly level 46.19. Takeout under the daily level 67.40. EP 49.08 AP 46.87 (additional EP) SL 45.65 TP 66.42
Long
by KirChan
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 $34.97. A breach below this threshold, however, could signify a significant shift to bearish momentum.
Long
by MyCryptoParadise
EGLD 1.5K till spring next year ... or arround 100$ at it's bestEGLD is one of my favourites projects in the cryptospace. One of the best fundamentals in my opinion, great team, amazing comunity. The graph is speaking by itself. See you at 1.5K for 1 EGLD, I'm almoust all in on this! Check the fundamentals for this project, i'm sure it will enter in top ten, and the scalability capabilities of the MultiversX blockchain will make it a serious challanger for the rusty now ETH ... x.com THIS is just my humble opinion, not a financial advice! Take care of your hard worked money guys!
Long
by Bogdan_TOMOIAGA
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.
by MyCryptoParadise
#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
Long
by TradingOn
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. 🌴💰
Long
by MyCryptoParadise_Simon
EGLD/US Achieving a breakout a key resistance area. Bull Moment?💎 EGLD has become a standout in the market, recently achieving a breakthrough past a key resistance area. In the Lower Time Frame (LTF), the chart indicates a valid breakout and EGLD is now entering a crucial retesting phase. This phase could pave the way for a substantial upward movement, with our next target being the bearish OB area. 💎 During this retesting phase, it's essential for EGLD to demonstrate a strong bounce from the current support area, which was previously a resistance zone. This bounce is necessary to mitigate the risk of a false breakout. 💎 Failure to rebound and a closure below the current level could signal a false breakout. Such a scenario would likely reverse EGLD's trajectory, potentially leading it to a downward trend towards the next lower target, the demand area.
by MyCryptoParadise