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EGLD / TetherUS

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EGLDUSDT trade ideas

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
My view on EGLDBINANCE:EGLDUSDT.P just got out of a long Elliot Wave cycle, and is now starting to form another one. With Waves 1 and 2 now formed, we can try and predict where and when Wave 3 will extend. I think Wave 3 will extend at the 1.618 Fib Extension since there is a big OB at the same level. The price might face a some resistance at $65, and that is why I expect Wave 3 to end around the 2.618 Time Zone. This is just my view and it does not represent a financial advice. Best of luck to everyone for 2024.
Long
by RazvannCT
EGLD/USDT Trade Alert: EGLD Potential Opportunity Hey traders, Remember our successful trade on EGLD last time? Well, it's lining up for another potentially profitable move. With the current market correction, EGLD seems like a promising opportunity to lock in some gains. There's a chance we could see a bounce back from the current support level, presenting us with a potential 40% profit if things go according to plan. But, a quick heads up: The market is walking on shaky ground lately, especially with all the buzz around the BTC ETF. Things might get a bit turbulent, so it's crucial to play it safe. Consider setting your stop-loss or being ready to close your position if the support level doesn't hold. Let's keep a watchful eye on EGLD and stay vigilant in these uncertain times. Happy trading,
Long
by Seahawks_
EGLD/USDT Perfect bounce from the crucial area. Ready for upward💎 EGLD's market presence has recently captured significant attention. Following a robust bounce from the demand area, accompanied by the closure of the daily candle marked by a strong green signal, EGLD is currently positioned for potential upward movement. This development aligns with the trajectory towards our target within the bearish OB area, suggesting a bullish inclination. 💎 However, should EGLD struggle to maintain its upward momentum and regress back to the demand zone, it becomes imperative for it to hold and bounce back from this level. Failure to do so, signified by a breakdown of this area, could critically disrupt the bullish trend. 💎 In such a scenario where EGLD fails to uphold the demand area, the likelihood of a downward movement increases, potentially leading EGLD towards the support area. This shift would mark a significant transition from bullish to bearish tendencies, demanding careful market analysis and strategy adjustment.
by MyCryptoParadise_Nathan
2
✴️ Elrond Might Produce A 2nd Jump (141% - 299% Potential)Elrond (EGLDUSDT) has been doing good after the initial bullish breakout in late 2023. The retrace to test weekly EMA50 as support was a success and currently the pair trades strongly above all moving averages ... It can move fast when it does. The current session is trading at the highest level, to the upside, since December. This can signal that the pair might be ready to move. "Bullish continuation." These signals are supported by a strong RSI. ➖ If the market is set to move forward, this one is definitely one of those that will grow. ➖ If the market is set to retrace, this one right now still looks strong. Since it didn't grow massively in 2023, we can expect it to complete its initial wave in early 2024. There will be so much more long-term... My strategy? Buy and hold. Namaste.
Long
by MasterAnanda
1
EGLD/USDT Bracing Bullish Shift from Support?👀 EGLD Analysis💎 Paradisers, focus on #EGLDUSDT, as it's showcasing a pattern that strongly suggests a bullish surge from its support level. 💎 #MultiversX is currently flirting with its resistance level, teetering on the edge of a breakout. It's nudging the short-term 0.618 Fibonacci retracement near $55.45 but has recently faced a setback at this fib level. 💎There's a chance CRYPTOCAP:EGLD might not sustain the initial momentum needed for a breakout. If so, we could see a downward consolidation before another crucial retest at our current support of $51.58. Once this level is firmly retested, we anticipate a significant upward movement.
Long
by MyCryptoParadise
1
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