EGLD PlanEGLD appears promising at the current level. If it holds here, an upward movement is likely. Keep a close watch on it and always manage your risk effectively.
EGLDUSDT trade ideas
EGLD - UPDATE - WAVE 2 OR 4
Obviously price reversed halfway on us and now it is about to hit the stop loss but the remember the setup below on previous analysis.
Now that we didn't reach target for that long this clearly gives a sign that we are in some kind of wave C-orange of wave 2 or 4-yellow and to avoid unnecessary loss the stop loss will be removed and DCAed within the orange box since BINANCE:EGLDUSDT is bullish mid to long term.
Depending on you risk tolerance, we you believe this to be wave 4-yellow rather than wave 2 then your invalidation level (red dotted line) is around $28.7 area.
PREVIOUS ANALYSIS
OTHER ANALYSIS
The price is oscillating above the daily support at $27.5In the 4-hour chart of EGLD, the price is oscillating above the daily support at $27.5. If this range holds, we expect the price to move towards the level of $36. If the support is lost, the next support levels are indicated on the chart.
PROMO SEASON TIMING EGLDHi, traders, we follow the chart and different conditions matters, we are in a promo zone, buy and hold for profits, stay ahead of the game guys.
Tradehubng
EGLD's Situation: What Shall we Expect !!! BINANCE:EGLDUSDT
Produced the descending resistance on daily timeframe , Up we go if we do breakout.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EGLDUSDT 4HConsider buying #EGLD once it breaks above the EMA21 on the 4H timeframe. The target levels are:
$34.80
$35.74
$36.68
$38.02
Support is around $31.76.
Long signal for EGLD/USDTThis technical analysis is based on the daily chart of BINANCE:EGLDUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated.
Price Channel Analysis:
The price is currently within a price channel ranging from 35.08 to 51.38 USDT.
The suggested entry point is around 38.38 USDT.
Entry and Exit Points:
Entry: 38.38 USDT
Take Profit: 51.38 USDT
Stop Loss: 35.08 USDT
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.72, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
EGLD is trying to breakout from the pennant.You can clearly see that EGLD is trying to breakout the pennant, with a bullish pattern.
Entry price: 40$
Target: 48.5$
Stoploss: 35$
$EGLD BULLISH FROM HERE !#egld/usdt is breaking out of a trendline on the 8-hour time frame🧐
An upward price movement is anticipated following this breakout✈️
BINANCE:EGLDUSDT
MultiversX (ELGD) upward squeeze is comingIn both the weekly and daily charts, EGLD is approaching significant upward momentum. While many other altcoins have already bullishly retraced to the 0.5 Fibonacci level, EGLD has lagged behind, making its movement more predictable. My current target is the 0.5 Fibonacci level, highlighted in green on the chart. The price is currently supported by multiple strong levels, such as the 0.618 Fibonacci retracement from the Q1 '24 upswing. Additionally, EGLD has broken out of a descending channel and is now retesting it. Notably, accumulation around this price point has been ongoing for nearly 750 days, reinforcing its stability.
$EGLD has a Trendline Breakout on 12-hour time frame.EGLD/USDT
CRYPTOCAP:EGLD has going to experienced a Trendline Breakout in the 12-hour time frame. 🔎 ⚡
After the breakout, the price will retested the trendline. 👀
The expected Bullish move could result in a price increase of 40-50%. 🚀 👨💻
EGLDUSD 1WEGLD ~ 1W
#EGLD this is the first support block holding the price of CRYPTOCAP:EGLD so far.
We placed our first purchase here, Target at least 15%+ from here
EGLD/USDT Preparing for an Explosive Breakout | Positive Signs👀💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up.
💎If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity.
💎If CRYPTOCAP:EGLD revisits this zone, it’s imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall.
💎Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market.
MyCryptoParadise
iFeel the success
EGLD (Last Leg Down Before Bulls Takeover)MultiverseX seems to be in the last bearish triangle that targets ~$30 before the bullish macro trend starts.
📈EGLD Analysis: The Impact of Ethereum ETF on the Market💥🔍Let's dive into today's analysis. Yesterday, the Ethereum ETF news was confirmed, but since it was already priced in, the market didn't rally. Instead, those who had bought in anticipation of an Ethereum pump started selling.
⚡️ Market Momentum
Currently, there is a bearish momentum in the low wave cycle (LWC), which could extend to higher wave cycles (HWC).
⛓ Coin of the Day: EGLD
Today's coin is EGLD, and the project behind it is MultiversX, a high-speed, low-fee blockchain utilizing Proof of Stake (POS). To ensure network security, you need to stake EGLD, earning annual rewards based on the transactions you validate.
📆 Chart Analysis
Looking at the chart, EGLD has been in a downtrend. However, for several weeks, it has been ranging between 37.42 and 45.31. The chart shows stronger bearish momentum as the price has repeatedly failed to reach the range's upper boundary.
📊 Volume Analysis
The volume supports the bearish candles, with sell volumes significantly higher than buy volumes. For opening a long position, I would wait for a reversal in volume trends, indicating that buying volume is entering the market.
📉 Short Position
The nearest trigger for a short position, which we are currently reacting to, is 37.42. A break and close below this level would be a suitable trigger for shorting.
✅ Short Target
The short target can be set at 31.06. However, a crucial support zone at 36.09, which once caused a false breakdown and a subsequent upward move, might cause a reversal back into the range. This zone is marked in black due to its unreliable nature.
📈 Long Position
For a long position, there are three triggers to consider based on your strategy:
1️⃣ 38.76 Trigger : Not for the 4-hour timeframe. For this trigger, switch to lower timeframes like 15 minutes for a scalping position.
2️⃣ 42.62 Trigger : This logical trigger can push the price to the range's upper boundary with a suitable stop-loss in a lower timeframe, offering a good risk-to-reward ratio.
3️⃣ 45.31 Trigger : This is the primary long trigger, marking the range's upper boundary. A confirmed breakout above this level can target 52.25.
🪄 My Strategy
Personally, for a short position, I aim to enter at the break of 37.42. For taking profits, I will monitor the market momentum and close the position once the bearish momentum ends. For a long position, I will not open a trade until significant buying volume enters the market. If appropriate volume is observed, I will use the 42.62 and 45.31 triggers to enter long positions. I avoid the 38.76 trigger, as it aligns with a reactive trading strategy that doesn't fit my approach.
📝 Conclusion
In conclusion, the recent news about the Ethereum ETF has not provided the anticipated boost to the market, highlighting the importance of technical analysis in making informed trading decisions. For EGLD, the current market conditions suggest caution, especially with the prevailing bearish momentum and volume trends. Traders should closely monitor key levels and volume changes to identify optimal entry and exit points. As always, maintaining a disciplined approach and adhering to your trading strategy will be crucial in navigating the market's movements. If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
🧠💼 It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Looking to long EGLD here soon for a nice move up. Just waiting to see some good volume come in and this should be a good gain. Should get at least to $44 quickly with volume. Potentially much higher. Looking for good entries long for next week most likely. Also SUI, FET and ALGO I am watching closely. Looks primed for a quick bounce on the 4 hours but that's not the bigger play I don't believe.
PATIENCE IS KEY HERE. - Not Financial Advise
#EGLD/USDT#EGLD
The price is moving in an uptrend on a 1-hour frame and sticking to it well
We have a higher stability moving average of 100
We have an uptrend on the RSI indicator that the price depends on
Entrance price: 38.50
First goal 42.17
Second goal 44.84
Third goal 48.15
$EGLD Elrond good entry point for SPOTCRYPTOCAP:EGLD Liquidity just got raided with the recent dip. The price is back in the weekly Optimal Trade Entry zone making it an execellent entry point. This pattern is also a known bullish pattern (liquidity grab)
EGLD/USDT In the crucial area, it shows bounce from the support💎 The recent market dynamics surrounding #EGLD have indeed been quite notable.
💎 Currently resting on the support area, EGLD has historically demonstrated a tendency to bounce strongly when reaching this level, often leading to significant upward movements.
💎 There's potential for EGLD to repeat this pattern, and if it manages to break above the resistance, there's further potential for the price to continue its upward trajectory and reach the strong resistance area.
💎 However, if EGLD fails to hold above the support area, there's a possibility it may break below, indicating weakness and potentially leading to a decline to the next lower support area around $28.3.
💎 When EGLD reaches the key support, it must bounce back, as this demand zone holds significant importance. Reclaiming the price above the support area is essential for any further attempts to reach the strong resistance.
💎 If EGLD fails to do so and breaks below the demand zone, it could signal a bearish momentum, resulting in a significant downward movement.
MyCryptoParadise
iFeel the success🌴
📈 Breaking Down EGLD's Bullish Ascending TriangleEGLD appears to be painting a promising picture for traders, showcasing a bullish ascending triangle pattern. But what exactly does that mean?
In the world of stock market analysis, an ascending triangle pattern typically signals a bullish continuation pattern. Here's the lowdown:
An ascending triangle forms when there's a clear upward trend in the price of a stock, accompanied by relatively equal highs followed by higher lows. This creates a triangle-like shape with a horizontal resistance line and an upward-sloping support line. The price tends to consolidate within this pattern before eventually breaking out to the upside.
Now, back to EGLD. Observing its recent price action, we can see distinctively higher lows forming along with a consistent resistance level. This tightening range suggests that buyers are gradually gaining strength, setting the stage for a potential bullish breakout.
Remember, while patterns like the ascending triangle can offer valuable insights into potential price movements, it's crucial to confirm the breakout with strong volume and follow market dynamics closely.
Keep an eye on EGLD as it navigates this pattern, and may your trading endeavors be prosperous! 🚀 #EGLD #AscendingTriangle #BullishTrend #MultiversX #altcoins
This is not financial advice this is only my opinion.
EGLD/USDT - MultiversX: TD Sequential◳◱ On the $EGLD/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.32 | 64.45 | 73.55 and support near 50.22 | 46.25 | 37.15. Entering trades at 54.52 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: MultiversX
▣ Rank: 85
▣ 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: 54.52 ₮
▣ 24HVol: 5,768,981.334 ₮
▣ 24H Chng: 0.055%
▣ 7-Days Chng: -5.44%
▣ 1-Month Chng: -20.46%
▣ 3-Months Chng: 2.87%
◲◰ Pivot Points - Levels :
◥ Resistance: 59.32 | 64.45 | 73.55
◢ Support: 50.22 | 46.25 | 37.15
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: NEUTRAL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: -2.74
▣ Last 90D: 0.47
▣ Last 1-Y: 0.55
▣ Last 3-Y: 0.05
◲◰ Volatility :
▣ Last 30D: 0.83
▣ Last 90D: 0.77
▣ Last 1-Y: 0.80
▣ Last 3-Y: 1.00
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.54 - Bullish
▣ Reddit sentiment score is 0.90 - 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
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