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EGLDUSDT trade ideas

EGLD/USDT upward momentum what next?👀 🚀 EGLD Analysis💎 Paradisers, brace yourselves for an exciting opportunity to profit with #EGLDUSDT! It's gearing up for a potential rise from a pivotal level. 💎 Diving into #EGLD journey, it has been tracing a cup and handle pattern. Currently, it's testing a tough supply zone. A breakthrough above this zone, coupled with sustained momentum, could signal a robust bullish sprint towards the $77.59 supply zone. 💎 Should CRYPTOCAP:EGLD begin to falter, our eyes are on a vigorous recovery from the solid support and gap at $55.90. With substantial liquidity at this level, a rebound seems promising, setting a critical watchpoint. However, slipping below this crucial level could spell a shift towards bearish terrain.
Long
by MyCryptoParadise
HOW-TO: Accumulation Strategy 2024What if instead of buying a stock, crypto, currency only once and holding until we are in profit, we split our strategy capital and buy several times, until the total is in profit ? Yes, that is DCA you’d say. Ok, but what if instead of buying at predetermined intervals, we bought at oversold RSI, or on a double bottom, for example ? That’s the idea behind the Accumulation Strategy, which I’m going to explain in detail in this article. █  Simple Example The strategy comes with several features, and the easiest way to explain them is through examples. The Max Active Deals input allows to limit how many times the strategy can trigger a buy in a trade, just like the pyramiding setting. It can go up to 100. In this example, the strategy has 10 max active deals. and is using the RSI feature to buy when RSI crosses below a configurable threshold, here 25. Note: to get stronger signals, the RSI time frame has been set to 1 hour, since the chart is in a 30 min time frame. In this trade, the strategy bought 8 times (yellow arrows) before selling at take profit, but it could have bought twice more. █  Take Profit Feature Customisable in the input tab, this feature allows you to set one or multiple take profit(s). You can set the value in either %, pips, or Auto mode. To create multiple targets, increase the Number of take profit and set the Step between each TP. In our previous example, instead of just one, I set 3 TPs with 1% value and a step of 1. The strategy will sell progressively at a quantity split even at each take profit, until the last TP is hit. Note: Using multiple take profit is often used to improve risk management in trading. █  Built-in Entry Options The strategy comes with several built-in indicators, such as the RSI that we’ve seen, but here’s the list: MTF RSI cross, RSI divergences MTF Stochastic cross MTF Bollinger Bands cross Top & Bottoms Double Top & bottoms Higher/Lower Lows/Highs Custom External Entries If you want to use ANY external indicator from the TradingView library and use it as an entry signal, you can! For example, let’s use the Squeeze Momentum Indicator by Lazybear. After adding it to the chart, we select the first plot which is the histogram. Then we select the condition “crossover” and “0”. It will create a buy when the histogram turns green. █  Trend Filters In trading, we try to avoid going against the global trend. The strategy comes with several built-in trendlines, MTF, or you can use ANY external trendline from the TV library. The strategy offers other built-in filters such as volume, overbought in range/trending market, or flat market entry filters. █  Stop Loss The stop loss can be turned on/off. You can set the value in either %, pips, ATR or Auto mode. Note: When to use a Stop Loss? Using a stop kind of defeats the purpose of the strategy, but it can be useful if you plan to trade highly volatile and risky coins (remember LUNA ?) That is why the option is there. █  How to use the strategy The indicator access is unlocked by subscribing on my website. See the links below this article. █  Setting up a strategy You can set up a strategy on your own chart in just one click using the preconfigured charts I will share below, or you can simply add the indicator yourself and play with the settings. Backtesting Backtesting is automatically done in the Strategy Tester Tab. Creating Alerts Once you have your strategy setup on the chart: 1 - Set the alert message in the indicator inputs (scroll to the bottom, you will find an “alert’ section) 2 - Save your chart and do not touch it anymore unless you want to update your alert (optional but recommended) 3 - Create an alert on Cyatophilum Accumulation Strategy, using the option “alert() function calls only” (this is really important!) Only one alert is needed to handle all the strategy events! (entry, take profit, stop loss, etc.) Even a free TradingView user can create a strategy! Automation The subscription that I offer also comes with Automation bots using the Binance spot trading API . Important: if you wish to automate your strategies, make sure your TradingView account has access to alert webhook notifications . That’s it for this tutorial! Pretty easy right? No, I know it can get complicated at first. 😣 That is why I make preconfigured charts. Once you have access, click on the chart link, then click “copy”, then “save” your “layout” to get your own chart that you can use and edit. Enjoy! █  Preconfigured charts BTC/USDT Chart: www.tradingview.com ETH/USDT Chart: www.tradingview.com BNB/USDT Chart: www.tradingview.com MATIC/USDT Chart: www.tradingview.com EGLD/USDT Chart: www.tradingview.com
Education
by cyatophilum
EGLD Road Map🗺️!!! situation+next targets.Hi. COINEX:EGLDUSDT ✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
EGLDUSDT.PHello Trader BINANCE:EGLDUSDT.P valid falling wedge, has retested too, can be paid in installments for spot. take in the small support area because this chart uses a weekly time frame, range area 58.86 to be safe. note: always install sl, feared not according to expectations because the swing high target is in the $ 200 area. Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice
Long
by mfiqrihanafi
7
EGLD/USDT bullish journey what next? 🚀EGLD Analysis💎 Paradisers, keep your eyes on #EGLDUSDT as it's creating a stir in the market! With its sights set on a formidable resistance, we're on the cusp of a potential bullish surge. 💎 As we chart #EGLD's path, it has been moving through a descending channel but is now poised to rebound at $0.6212, ready to challenge that key resistance again. A successful breach could ignite a rally, pushing CRYPTOCAP:EGLD towards the resistance target of $.7699. 💎 Experienced #EGLD traders are familiar with the market's unpredictability. If our breakout attempt falls short, pivoting to a bullish recovery strategy from the support level at $0.5687 is essential to stay prepared for what's next. 💎 Should #EGLD drop below this crucial point, a strategic overhaul may be in order. Such an event would necessitate a reevaluation of our bullish outlook, calling for an updated approach to align with the evolving market dynamics.
Long
by MyCryptoParadise_Simon
6
Elrond (EGLD) Daily Breakout, Key Resistance in FocusElrond is currently hovering around a crucial resistance level of $74. A decisive breakout above this level could propel EGLD towards $84. EGLD has been on an upward trajectory in recent weeks, buoyed by positive developments within the Elrond ecosystem. However, the token has encountered resistance at the $74 mark. A failure to breach this level could lead to a retracement down to the $70-$66 support zone. Technical Analysis: The Relative Strength Index (RSI) is currently hovering around the neutral zone, indicating neither overbought nor oversold conditions. My Opinion: I believe that a sustained breakout above $73-$75 is critical for EGLD to maintain its bullish momentum. If the token fails to surpass this resistance level, a correction towards the $70-$66 support zone is likely. not financial advice.
by Z4F4R
Navigating the Bullish Seas: A Long Trade Prospect on EGLDEmbarking on a charted journey with BINANCE:EGLDUSDT , technical traders are presented with a promising long trade opportunity. The daily chart showcases a harmonious blend of technical indicators that point towards an optimistic uptrend. This analysis will serve as a compass for those seeking to understand the winds of trade, offering key reasons to set sail on this bullish voyage. Arguments for Initiating a Long Trade: Cup and Handle Pattern: The formation of a cup and handle pattern, a classic bullish continuation signal, is evident with the price trajectory forming the 'cup' since December and the 'handle' through February and March. Resistance Breakout: The price has breached the resistance level of the 'cup' (highlighted by the green horizontal line), suggesting a potential for continued upward movement. 5 0 EMA Crossover: The price is above the 50-day Exponential Moving Average (EMA, green curve), confirming the bullish trend as the EMA acts as dynamic support. Volume Increase: There is a visible uptick in volume, indicating strong buying interest that could propel the price further. Relative Strength Index (RSI): The RSI is not in the overbought territory, which means there is likely room for the price to rise without immediate reversal due to overbuying pressure. BINANCE:EGLDUSDT shines as a beacon for traders seeking profit in the bullish currents. The confluence of a recognized bullish pattern, volume support, and positive momentum indicators signal a strong case for a long position. Traders may consider embarking on this journey with a disciplined approach, ensuring proper risk management through stop-loss orders below the pattern's handle or recent swing lows. As always, it's important to navigate with caution and be prepared for the unpredictable tides of the crypto markets. Trade Execution Plan: Entry Point: An ideal entry would be a pullback to the handle's upper boundary, confirming it as a new support level. Stop Loss: A stop loss could be set below the handle or the most recent low to minimize potential losses if the tide turns. Take Profit: Set initial take profit levels near the projected target of the pattern's depth above the breakout point, while monitoring for signs of trend continuation or reversal. For me as usual only 200% TPR. Good Luck
Long
by Lucas_CryptoLab
UPDATE ON EGLD TRADE SETUP This is an update to the previous post on BINANCE:EGLDUSDT and I want to call your attention to something noteworthy. First of all this is a short term trade, if a new high is created before a swing low (wave C-green), you should ignore the second trade setup. Lastly the minimum target is $78.72 (on Binance Exchange) once price reaches there, you should either trail or take profit or move stop loss to breakeven. PREVIOUS ANALYSIS OTHER ANALYSIS
Long
by DewyCandles
EGLD buy setupA good bullish structure can be seen in EGLD. According to the BOS we have on the chart, it is expected that the demand range is a good range to take buy/long positions. The targets are listed on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
EGLD - ONE LAST HIGH BEFORE CORRECTION Expecting this 4 or approximately 3 risk reward setup for BINANCE:EGLDUSDT if I am not mistaken, we should be ending the wave 5-orange as an Expanding Diagonal to complete this impulse or we could see the first setup get invalidated and liquidity taken at $46-43 region to complete a Zigzag for wave C-green of wave 4-orange. If you are taking the first setup the invalidation (stop loss) is the previous swing low or call it higher low but if you are taking the second setup the invalidation level is $28.76 on Binance perpetual. OTHER ANALYSIS
Long
by DewyCandles