EGLDUSDT trade ideas
EGLD TESTING WEEKLY SUPPORTIf you have been following along, you have seen me share EGLD entries at roughly $23 and $38 in this cycle. That is, of course, after this was the biggest newsletter trade ever shared when this coin was 10 sats vs. Bitcoin as ERD. We have traded this for many 100xs on multiple occasions.
I am not sure that same opportunity exists now, but we do have EGLD breaking and retesting a key weekly level right now. If it holds, the next resistance is almost 2x away. $69 --> $120.
EGLD/USDT Range Break PossibilityTitle: EGLD/USDT Range Break Possibility
Bias: Neutral to Bullish
Description: EGLD trading in a tight range. SMA lines flat, suggesting consolidation. RSI neutral.
Direction: Potential upside if range is broken.
Entry: Break above $45.36 (24 SMA).
Stop Loss: Below $39.59 (range low).
Targets: $46.00 (range high), $50.00 (psychological level).
Caution: If price dips below $39.59, could indicate bearish trend continuation. Keep an eye on RSI for momentum changes.
🚧EGLDUSDT will Go Up Again🚧 Road Map(DAILY)🗺️!!!
➡️EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen!
🤑 Stay Awesome my friends.
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EGLDUSDT Probabilities for a 60% UpswingEGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.
This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements.
In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
Egld 1d is bottomed at this level I believe EGLD is bottomed at this level and it is trying to breakout these levels with higher volume.
It hit the fibo 1.27 and rebounced to the bigger falling wedge
There are short term goals, mid and long term goals, so try to manage your risk accordingly
All the best insha Allah!
EGLD/USDT Bullish Continuation from Demand Zone? 👀 🚀MultiversX💎 Paradisers, let's zoom in on #EGLDUSDT as it's shaping up for an exciting market opportunity. Currently, it is showing signs of a bullish continuation from a key demand zone.
💎 Taking a glance back at #MultiversX, it's been consistently navigating a descending channel, breaking above, and then climbing upwards. Right now, the market sentiment is leaning towards selling, but here’s the twist - CRYPTOCAP:EGLD seems primed for a bullish leap from the demand zone at $53.81, potentially soaring towards the major supply zone at $102.20. It’s like gearing up for a market jump!
💎 But, as any seasoned #EGLD trader knows, crypto markets are like a game of chess. If EGLD doesn’t ride the bullish tide and instead takes a dip, it's time to consider our Plan B - rallying from a lower support level at $46.81.
💎 And a crucial point to remember: if #EGLD breaks below this support level, it's a signal to gather around the strategy table. Such a move would mean it’s time to recalibrate our strategies, adapting to the evolving market landscape. 🌴💰
EGLD/USDT it required break the resistance to continue upward!!💎 EGLD has undoubtedly captured significant market attention. It executed a flawless breakout from the supply area, marked by substantial volume and a robust green bullish candle. However, encountering a formidable rejection in the resistance area prompted EGLD to initiate a retesting phase at the demand area spanning $38.20 to $36, which previously served as the supply area.
💎 Presently, EGLD is in a consolidation phase within the range of the resistance and demand areas. To sustain its upward momentum, EGLD needs to break out of the resistance. A successful breakout holds the probability for EGLD to smoothly ascend and reach our target area. However, failure to attempt a breakout in the near future may lead EGLD back to testing the demand area.
💎 In the event that EGLD revisits the supply area of $38.20 to $36 and undergoes a breakdown of the demand area, there's a likelihood of EGLD descending to the subsequent lower demand zone at $33 to $30. EGLD retains a chance for an upward reversal, contingent on a bounce from the demand area at $33, reclaiming the support level at $38.20.
💎 The unfavorable scenario unfolds if, during the retesting at the demand, EGLD struggles to sustain its position and breaches the demand area. In such a scenario, EGLD would revert to a bearish movement, potentially retracing to the robust support area.
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This trade has a strong support Zone where the price continuously bounces from after touching. Then the tight consolidation supports this idea as it has broken out from the trendline!
• 👉 Leverage: 5x ISOLATED
• ⎿ Target 5 : 64 190.85%
• ⎿ Target 4 : 58 126.1%
• ⎿ Target 3 : 52 61.3%
• ⎿ Target 2 : 49 28.95%
• ⎿ Target 1 : 47.9 17.05%
• ⎿ Entry : 46.32 - 100%
• 🚫 Stop: 42.3 (-43.4%)
