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EGLDUSDT trade ideas

EGLDUSDTHello my dear friends, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for EGLDUSDT Here we see R4, R3, R2, and R1 as our resistance areas in which the unsuccessful attempts of price to rise is obviously seen. S1 is a long-term support area that has the support of price since the pas and S2 in another support area at the bottom of the chart. The price was supported well at S1 at several great points and after its failure in break toward S2, the price could experience a noticeable rise up to R4. There it was rejected and gradually had waterfall decline and via a descending behavior, it fell into S1 area. Presently, we see it is fluctuating above our first support area after having a negative Marubozu Candle and we believe the price will be supported here and after some fixation, it continues its increase upward to R1 or even over than that via more fluctuation there. Our resistance areas such as R2, R3, and R4 are the great points for saving your profits. So wait for the price to break each of them upward and then after having more fixation and having a retest, you are able to put your trade orders and wait for the price to rise more. Note that by the time the price is moving over S1 area, the possibility of a decline is not so much high. In case the price loses the support at the current point, it move below S1 and experiences a decline down to the second support area. Then we should wait for it to be supported well and on its returning trend upward, we can put our trade orders. We recommend you to wait for future and even for some signs in order to make sue of the next trade action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
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
Short
by BuySellMarketMaker
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.
by cryptohopper
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
Long
by CriptoPedia
EGLDUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 52 and 60 after first target reached move ur stop to breakeven Stop: under 40 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
11
EGLD/USDT: Potential Breakout and Bullish Move EGLD/USDT has been showing signs of a potential breakout on the chart. Based on technical analysis, there is a possibility of a bullish move ranging from 150-250% in the mid-term. Investors should closely monitor the support and resistance levels for confirmation of the breakout. Additionally, it is important to pay attention to the trading volume to gauge market sentiment. To manage risk, stop-loss orders can be set below the support level. Overall, if the breakout occurs, EGLD/USDT could provide a profitable opportunity for investors.
Long
by Crypto-By-Ghazi
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!
Long
by Tonic_A