EGLD USDT is ready to make a bullish move. Egld just tapped the weekly demand zone. I have bought a huge bag of egld and am bullish on it, looking for at least a 50-100% move here. The bottom has been made on the Egld coin.
Position yourself accordingly and manage your risk, Proper sl and targets are shared in the chart.
EGLD
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
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.
$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.
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.
#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
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.
EGLD in the buy zone!!!EGLD is in the global buy zone 55.89-26.85
Local buy zone 37.08-21.06
Buy zone 32.76-25.84
Buy Level 29.10
A bucket of $23 (maybe backache)!
Volume price was 7.78
The one who has accumulated volume at this price is still holding it!!!
It follows that the price should be pushed well above the previous high!!!
#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$
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! 💰🚀
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.
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Scenarios for EGLDWe just broke Resistance 1, but there is another Resistance 2. Even for Resistance 1, it could be a Fakeout. As per the Wedge that has formed, I would be inclined to see three touches on the lower side (only two for the moment), so I would not be surprise to go under previous low, also as a spring of the accumulation. This is still a bearish evaluation, less damage that in my previous related idea (see it linked).
Elrond historic move don’t miss out!!👀 🚀EGLD today analysis💎EGLD is ready to make a significant move. It has been trading within a descending channel for the past month, holding firm at the lower low.
💎 Currently, it's situated in a high-demand area within the channel, and the overall market positivity could signal a bullish trend. We're anticipating a breakout soon.
💎Another key point to note is that EGLD is nearing a crossover with the 50-day Exponential Moving Average (EMA). If it can sustain its momentum above this line, it could indicate a strong upward move.
💎The volume is also showing promising spikes, which could trigger a bullish move.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
EGLD USDT NO FOMO 🛑In the chart, you can easily see that every time EGLD reaches this trend, it immediately drops by 35%. I don't trust the trend line, because most of the trend lines are made to break, but it's better to be careful.
⚠️ Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
Potential for Long-Term GrowthIn recent weeks, the EGLD currency has continued its downward trend, persisting within the midline of the descending channel following its reaction to the resistance range of $48-50. Notably, there have been numerous price collisions with the midline of the channel, indicating a high level of interaction.
Furthermore, the RSI (Relative Strength Index) currently stands at 36, suggesting a moderate level of momentum in the price movement. This reading implies that EGLD is neither significantly oversold nor overbought at the moment. It indicates a state of equilibrium or a potential period of consolidation in the market.
On the chart, there is a lack of strong indications for immediate price growth. However, it is worth noting that the EGLD price has approached crucial support levels around $35 and $32.5, which are considered short-term supports. These levels may experience positive fluctuations in the near future.
In addition, two lower supports should be taken into account: one at $28.5 and the other at the bottom of the channel at $25.5. These supports exhibit substantial reactive power, potentially capable of triggering an upward reversal in the price trend within daily timeframes.
Considering the RSI reading and the support levels mentioned, there is a reasonable expectation for favorable long-term growth within the identified price ranges. However, it is crucial to consider other factors and indicators to gain a comprehensive understanding of the market conditions and make informed trading decisions.
EGLD ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the EGLD symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MultiversX EGLD Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
EGLD/USDT short
Entry Range: HKEX:38 - 43
Price Target 1: HKEX:32
Price Target 2: HKEX:25
Price Target 3: HKEX:20
Stop Loss: TASE:49