Get started

EGLD / UST

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

EGLDUST trade ideas

EGLD ANALYSIS (2H)From where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed . Wave A, which was a triangle, is over and it seems that we are now in wave B. Wave B looks like a triangle. EGLD is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B). For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
EGLDUSDT Is a Major Move on the Horizon?Yello, Paradisers! Is #EGLDUSDT setting up for a major reversal, or are we looking at a possible extended downturn? Let's dive in. 💎Currently, #EGLD is forming within a descending channel, hinting at a potential downturn as it approaches a strong demand zone. This zone could be the catalyst for a significant momentum reversal, potentially setting up EGLD for a powerful upward move. If this scenario plays out, we could see EGLD targeting the supply zone first. 💎However, there's a key pivot point to watch—if EGLD fails to break through the supply zone and remains confined within the descending channel, the price might continue to move sideways, oscillating between the strong demand and supply zones. For a bullish continuation, it's crucial that EGLD breaks out of this range and moves toward the final target near strong resistance. 💎On the flip side, bullish momentum could be invalidated if EGLD breaks below the strong demand zone and closes the day beneath it. This would increase the probability of further downward movement, potentially leading to a deeper dip. Stay focused, patient, disciplined, and always keep your eyes on the prize. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Elrond (EGLD) Price Analysis✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the Elrond (EGLD) coin in the crypto market. 🗂 About the Project: Elrond (EGLD) is a blockchain protocol designed to offer fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, including fintech, decentralized finance (DeFi), and the Internet of Things (IoT). Its smart contracts execution platform is reported to be capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost. 📊 Weekly Timeframe Analysis In the weekly timeframe, Elrond (EGLD) has been showing significant downward pressure. The price has declined after reaching its peak and is currently testing crucial support levels. Key levels to watch: Resistance Levels: $51.49, $72.21 Support Levels: $23.49, $37.24 📈 If EGLD stabilizes above $37.24, a bullish momentum might build towards the resistance levels of $51.49 and potentially $72.21. Confirmation of this trend will depend on the price holding above these key levels. 📉 Conversely, if EGLD fails to hold above $23.49, it could signal a continuation of the bearish trend, with the next significant support level around $17.00. Volume analysis indicates significant selling pressure, which needs to decrease for a potential reversal. 📊 Daily Timeframe Analysis On the daily chart, Elrond (EGLD) has been struggling below the $28.02 level, showing a consistent downtrend. Key levels to watch: Resistance Levels: $28.02, $32.58 Support Levels: $22.53, $25.50 🧲 Given the current setup, a stabilization below $25.50 could indicate further bearish movements, potentially down to $22.53. However, if the price moves above $28.02, it could indicate the start of a bullish recovery, targeting higher resistance levels like $32.58 and $37.24. 📊 RSI Oscillator The RSI across different timeframes is showing oversold conditions, which may indicate a possible opportunity for a short-term rebound. The RSI levels range between 26.88 (daily) and 34.57 (weekly). A breakout from these levels could provide confirmation for opening positions. Conclusion 📉 Given the current bearish signals in the weekly, daily, and 4-hour timeframes, alongside oversold conditions on the RSI, it is advisable to proceed with caution. However, this analysis is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful 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.
by itsparham96
EGLDUSDT.1DHere’s an in-depth analysis of the EGLD/USDT daily chart, observing various technical components that provide insights into the potential market direction. Key Technical Levels: • Resistance Levels: The primary resistance at R1 ($52.70) represents a significant level where previous price rallies have faced strong sell-offs. Above this, R2 at $82.25 marks a critical upper boundary that could indicate a more substantial bullish trend if overcome. • Support Level (S1): The chart shows crucial support at $22.60. This level is pivotal, as a drop below could signal a potential test of lower historical supports, impacting market sentiment. Technical Indicators Analysis: 1. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram displays a negative value, indicating bearish momentum in the market. This suggests that there could be further downward pressure in the short term unless a crossover to the positive occurs. 2. RSI (Relative Strength Index): The RSI hovers just below the midline at approximately 49.55, indicating a lack of strong buying or selling momentum. This positioning suggests a cautious market sentiment, where traders are neither overly bullish nor bearish. Price Trend and Market Strategy: • The marked downward trend from previous highs suggests a bearish sentiment has been dominant. However, the approaching support level at S1 will be crucial. A hold above this level could stabilize the price and potentially lead to a rebound towards R1. • Conversely, a break below S1 might exacerbate the bearish outlook, pushing prices towards more profound support levels. Trading Strategy: Given the current market indicators and price levels, traders might consider adopting a cautious approach. For those looking to enter the market, watching for a potential bounce off S1 with appropriate risk management could be prudent. Alternatively, should the price convincingly break below S1, waiting for stabilization or further decline to lower supports before taking positions might be advisable. In summary, the EGLD/USDT market is currently at a juncture where the next significant price move could be imminent. Traders should closely monitor MACD for any signs of a bullish crossover and the RSI for shifts out of the neutral zone to better gauge the market’s direction. This analysis should guide trading decisions, emphasizing vigilance and readiness to adapt to new information as the market develops.
Long
by MarsSignals
EGLDUSDT.1DLooking at the current EGLD/USDT chart, we see a fascinating technical landscape unfolding. First, let's discuss the support and resistance levels I've identified: Resistance Levels (R1 and R2): R1 stands at $52.70, which has acted as a significant barrier since early 2023, and R2 is at $82.25, a level last tested in late 2022. These resistance points are critical for the bullish scenario and would need to be broken with substantial volume for a sustained upward movement. Support Level (S1): The S1 at $22.60 is pivotal. This level has been tested and held firm throughout mid-2023, indicating strong buying interest. Now, let's delve into the technical indicators: Relative Strength Index (RSI): The RSI is currently around 38.97, which suggests that EGLD is neither overbought nor oversold. This neutral RSI provides room for the price to move in either direction without immediate pressure from overbought or oversold conditions. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but above the zero line, which typically suggests a bearish momentum. However, the proximity to the zero line also indicates that the negative momentum is not overwhelmingly strong. Given these observations, my perspective is cautiously optimistic. The support at $22.60 provides a good foundation for potential upward movement, but the market will need to see significant buying volume and a positive shift in broader market sentiment to challenge and possibly break through the resistance levels. Investors should keep a close eye on the MACD and RSI for early signs of momentum changes and adjust their strategies accordingly. If the price fails to hold the S1 support, it could lead to a retest of lower levels, but for now, the setup looks promising for buyers at current levels, provided the support holds strong.
Long
by MarsSignals
Will MultiversX (EGLD) print a 1500% move to $400?On the above weekly chart price action has recently corrected 60%. A number of reasons now exist to consider a long position. Including: 1) Trend reversal. Higher highs higher lows print. 2) Past resistance (red arrows) now confirm support. 3) 1 and 2 is also true for RSI 4) The falling wedge. With the confirmation of 1 and 2 a forecast can be made as is measured from within the wedge (blue arrows). A 1700% print from the support confirmation to almost $500. Is it possible price action continues correcting? Sure. Is it probable? No Ww Type: trade Risk: <=6% Timeframe for long: now Return: Read the idea again
Long
by without_worries
8
EGLDUSDT Chart UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: EGLD has formed a falling wedge pattern with a breakout and close above the resistance trendline. Technically, this is a bullish pattern, and we will likely see a bullish trend for EGLD in the upcoming days. Currently, the 50 EMA is holding the price at $34.5 as a strong resistance. EGLD is yet to show a retest after the breakout; therefore, a retest at $30 to $32 is expected. Observations: ~ Primary Resistance: 50 EMA at $34.5. ~ Support: $30 to $32. ~ Target: $65 to $75. ~ Invalidation Point: A breakdown and close below $26.43. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
EGLDUSDT | Ready for Another Surge?Market Context EGLDUSDT has been on a fantastic upward trajectory, and it looks like the momentum might continue! This could be a golden opportunity for a quick trade with an impressive risk-reward ratio of 4.5:1. Chart Analysis • Strong Upward Movement: EGLDUSDT has been climbing steadily, showing strong bullish momentum that could push it even higher. • Bullish Indicators: Various technical indicators are aligning to suggest that this upward movement has the potential to continue. Strategy I’m diving in with a trade aiming for a 4.5:1 risk-reward ratio. This setup is all about capturing the next leg up in EGLDUSDT’s bullish run. Action Plan Setting my entry and watching closely. If EGLDUSDT keeps up its current pace, we could see some exciting gains. Buckle up and let’s ride this bullish wave together! Good luck, everyone! 🚀💪
Long
by minno91
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
by DewyCandles
EGLD's Situation: What Shall we Expect !!! BINANCE:EGLDUSDT Produced the descending resistance on daily timeframe , Up we go if we do breakout. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1