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EGLD

EGLDUSDT.1DBased on the market data provided, the EGLD/USDT pair is currently in an overbought area as indicated by the high Relative Strength Index (RSI) values on the 4-hour and 1-day charts (86.25 and 88.89 respectively). This could possibly indicate a potential future price pullback. The Moving Average Convergence Divergence (MACD), another momentum indicator, shows positive values on the 4-hour and 1-day charts, indicating a bullish trend. However, the 7-day MACD shows a negative value, suggesting that the longer-term trend may be bearish. In terms of the Bollinger Bands (Bb), the current price is closer to the upper band on both the 4-hour and 7-day charts, which could indicate a downward price reversal in the short-term. The support and resistance levels indicate the price levels that the asset has trouble moving beyond. The closer the current price to a support level, the more likely it is to bounce back up. Conversely, the closer the price to a resistance level, the more likely it is to bounce back down. Given the current price of EGLD is 47.32, it is closer to the first resistance level on the 4-hour, 1-day, and 7-day charts, suggesting that it might face downward pressure. In conclusion, while the EGLD/USDT pair shows a bullish trend in the short-term, the overbought RSI values and the position relative to the Bollinger Bands suggest a potential price pullback. Moreover, the negative MACD on the 7-day chart indicates a possible bearish longer-term trend. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops. This analysis is based solely on the technical indicators provided and does not take into account fundamental factors or broader market conditions which could also affect the price.
by MarsSignals
EGLD's Impressive PUMP: Wait $35 RetestElrond (EGLD) has been the talk of the town lately, showcasing an impressive uptrend. However, as seasoned traders know, the real test of a rally often comes after a significant surge. In EGLD's case, the crucial level to watch is the $35 mark. Only after a successful retest of this level can we determine if the recent surge is sustainable. Let's dive into this vital aspect of trading. 📈💡 The Spectacular Rise: EGLD has been on a stellar run, attracting attention and enthusiasm from traders and investors alike. The surge has been nothing short of remarkable, leaving many to wonder about its longevity. The Importance of Retests: In trading, retests are critical as they help confirm the validity of a price movement. A successful retest of a key level, such as $35 in EGLD's case, can act as a strong signal that the recent rise is genuine and sustainable. Patience During Pumps: It's a common pitfall for traders to jump into an asset during a pump, often fearing they might miss out on further gains. However, the wise approach is to exercise patience and wait for a retest. This discipline can help avoid entering at the peak of a price movement. Trading Strategy: Observation: Keep a watchful eye on EGLD's price action, particularly around the $35 level. Patience: During times of excitement and rapid price surges, resist the urge to FOMO (Fear of Missing Out) and wait for a retest to confirm the rally's strength. Risk Management: Implement robust risk management practices, including setting stop-loss orders, to protect your positions. Conclusion: EGLD's remarkable surge is an enticing development, but prudence is key in the cryptocurrency market. A retest of the crucial $35 level will help determine if this surge is here to stay. As you navigate the exciting world of crypto trading, remember that patience and a keen eye for key levels are your allies. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
EGLD: Overbought at ResistanceTrade setup : Price broke back above the down trendline and above 200-day moving average ($32), which confirmed a bullish trend reversal to Uptrend. Then it spiked up to $50 resistance. However, price is now very overbought (RSI > 90!) just as it reached that $50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $28 (previous support), then $22. The nearest Resistance Zone is $38, which it broke, then $50.
Long
by altFINS
EGLD/USDT Potential Upside? 👀 🚀 EGLD Today Analysis💎Paradisers, turn your attention to EGLDUSDT! We've observed it making a notable shift, retesting crucial support and gearing up for a bullish ascent. The break from its descending channel further amplifies this bullish sentiment. 💎 Currently, MultiversX is navigating within a descending channel, teetering on the edge of a breakout. When we align this with the medium time frame (MTF), it showcases impressive momentum. Given this, we're confident that in the short time frame (LTF), it's poised to approach our anticipated resistance level soon. 💎 Another intriguing observation: should the price of EGLD breach the support zone, we anticipate a downward trajectory. In such a scenario, it's crucial to strategize our entry points wisely. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise
2
EGLD MultiversX top buying zonesHi everyone, here's a scenario for EGLD that, let's say, takes a hefty beating. Unfortunately, EGLD has opened a door to one. Sadly, this scenario could pave the way for a downward impulse in this Main Zone Z (in blue). Essentially, the Z's can do anything. The strongest structural supports are found at $24.66, $21.12, $19.70, $10.36, $9.18, and $7.33. The pole of the LARGE M Pattern formed points to $7.83. We also have the fibs that position the Z around $20, $10.87, $7.52, or $4.03. I really like the potential zone ranging between $10.36 and $6.30 if the 19.70$ doesn't hold. Liquidity is currently "manageable," but stagnant. Interest rates are high, and inflation is fluctuating. This could impact risk assets in the coming months. The consumer price index continues to rise, with an increase of 22% over the last five years. The Fed's reverse repo facility is a good indicator to monitor the Fed's monetary policy. It is currently declining, affecting liquidity in the financial system.
BINANCE:EGLDUSD
by Crypto_Mercy
$EGLD Looks Good for me Get to Know the Divergence Pattern, Here's the Explanation! Types of Divergence There are two types of divergence, namely Regular Divergence and Hidden Divergence. The following is an explanation for both types. First, there are regular divergences which are signs to indicate a trend reversal. There are two regular divergences, namely regular bearish divergence and regular bullish divergence. Regular Bullish will occur if the chart price is in a lower low position and the indicator is in a higher low position. This sign is an indication that a trend reversal or reversal, from a downtrend to an uptrend, namely bullish.
Long
by UnknownUnicorn26572303
1
EGLD/USDT upward momentum? 👀 Elrond Today Analysis Paradisers, turn your attention to EGDLUSDT! Currently nestled within a demand zone, it's gearing u p for a bullish ascent, even amidst market volatility.👀 💎EGLD has established equal lows, secured liquidity, and addressed the bullish OB at its current level. This sets the stage for a potential explosive move upwards. 💎 Another intriguing observation: while the price trends downward, the RSI showcases a bullish divergence. This hints at a probable upward shift of Elrond in the near future. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
#EGLD/USDT 12h (ByBit) Rising wedge breakdownMultiversX just lost 50MA support and seems likely to continue with the local retracement down. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.5X) Amount: 5.0% Current Price: 34.15 Entry Targets: 1) 35.35 Take-Profit Targets: 1) 30.25 Stop Targets: 1) 37.90 Published By: @Zblaba CRYPTOCAP:EGLD #EGLDUSDT #MultiversX #Elrond #eGold Risk/Reward= 1:2 Expected Profit= +79.3% Possible Loss= -39.7% Estimated Gaintime= 2-3 weeks multiversx.com
Short
by TradingOn
Support and Resistance ScenariosOver the past month, EGLD's price has been on a decline. During this time, there was no significant demand seen at the midline support of the channel or the static support level at $33. Interestingly, this $33 range that previously acted as support has now turned into a resistance level. After the currency experienced a rising wave, it encountered resistance at $37 and has now retraced back to the previous support levels. Based on the current conditions of the currency and the overall market, analysts have outlined two possible scenarios. The first scenario is that EGLD finds support in the current price range around $31 and experiences a strong positive reaction that drives the price upward to the resistance level of $39. The second scenario anticipates a continuation of selling pressure, leading to the breakdown of the two support levels at $31 and $28, which could result in a further drop to around $25.5. In the latter scenario, analysts expect to see a strong reaction once again, similar to the previous support at $28.5, when the price reaches the $25.5 range.
by MonoCoinSignal
4
#EGLD #MultiversX Long-Term Targets#EGLD #MultiversX Long-Term Targets Considering that Eagled currency has corrected 62% of its previous upward trend in the correction stages, we usually expect it to rise at least up to its previous ceiling in the next ascent. If we want to divide the rise of this currency into two parts of six months and two years, we can expect the target to touch $89 in the next six months. But for two-year goals, we can expect to reach at least one of the following goals: 180$ 270$ 460$ 980$ XX2500$ stop loss: close daily candle under 26$
Long
by KhaniTechnical
4
elrond EGLDUSDT Price Analysis (Weekly)📈💥 Greetings, traders and investors of @TradingView! Let's dive into the analysis of elrond! 🚀 Today, EGLDUSDT finds itself in a relatively low position after experiencing a massive crash from its all-time high (ATH) at $544. The price has plummeted by nearly 95% to the $30-35 zone, where it currently resides. 🔍 When examining the weekly timeframe, we observe a bullish divergence on the RSI indicator. This suggests a potential upward movement for EGLDUSDT in the coming months, signaling a possible shift in market sentiment. 📊 It's important to consider previous support and resistance zones. Based on these levels, we can identify potential target zones for bullish momentum. The blue box on the chart indicates a target range of $54-64, while the red box represents a target range of $80-99. However, we believe that reaching the red box target has a lower probability, so take that into account when planning your trades. 💡 As always, it's crucial to stay updated on market developments, monitor price action, and employ proper risk management techniques. Set stop-loss orders and adjust your trading strategies accordingly. 🔍 Feel free to explore our resources to enhance your trading skills: Education articles 📚📈 Curious about Bullish Divergence? Dive into our comprehensive article for a deeper understanding of this powerful indicator and how it relates to EGLDUSDT's current situation! 🚀📈 Read the Article Here ➡️ Happy trading! 💰🚀
by Vestinda
EGLD/USDT - MultiversX: Failure_Swing◳◱ We've detected a Failure Swing pattern on the TSXV:EGLD / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 38.03 | 41.13 | 48.55 and the major support zones are respectively at 30.61 | 26.29 | 18.87. It is a bullish indication and we may consider buying at the current price zone of 33.13 and targetting higher levels. ◰◲ General info : ▣ Name: MultiversX ▣ Rank: 53 ▣ 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: 33.13 ₮ ▣ 24HVol: 2,632,355.797 ₮ ▣ 24H Chng: -2.415% ▣ 7-Days Chng: 1.58% ▣ 1-Month Chng: -10.25% ▣ 3-Months Chng: -21.64% ◲◰ Pivot Points - Levels : ◥ Resistance: 38.03 | 41.13 | 48.55 ◢ Support: 30.61 | 26.29 | 18.87 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -1.06 ▣ Last 90D: -1.45 ▣ Last 1-Y: -0.40 ▣ Last 3-Y: 0.82 ◲◰ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.53 ▣ Last 1-Y: 0.68 ▣ Last 3-Y: 1.18 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is 0.83 - 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 Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF