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EGLD

EGLD/USDT Technical Analysis and Price PredictionTechnical Analysis of EGLD/USDT: EGLD is currently trading at $41, which is 93% down from its all-time high. Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated. In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value. I remain bullish on EGLD only if it surpasses the $52 level. In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish. The critical levels to watch for are $27 for support and $52 for resistance. If you appreciate my analysis, please like and share it. To stay up to date on the latest crypto real-time updates, be sure to follow me. Thank you.
Short
by CryptoPatel
3
EGLD: Resistance BreakoutElrond (EGLD) technical analysis: Trade setup : Price broke back above $50 resistance and 200-day moving average, making Higher Highs, which are all indications of Uptrend. Price could revisit $60 next. Recent strength comes after its partnership announcement with Tencent (owner of WeChat). Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $40 (previous resistance), then $32. The nearest Resistance Zone is $50, which it broke, then $60.
Long
by altFINS
$EGLD/#BTC [#MultiversX (Elrond)]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $EGLD / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.002065 | 0.002156 | 0.002386 and the major support zones are respectively at 0.001835 | 0.001696 | 0.001466. It is a bullish indication and we may consider entering at the current price zone at 0.002031 and targetting higher levels. Technical Metrics : Current price: 0.002031 24H Volume: 22.4774 Ƀ 24H Price change: 2.888% - Pivot Points - Levels : Resistance: 0.002065 | 0.002156 | 0.002386 Support: 0.001835 | 0.001696 | 0.001466 Indicators recommandation : Oscillators: SELL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth EGLDBTC 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! 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
by Crypto2AF
2
EGLDUSD between the 1D MA50 and 200 waiting for a break-out!Elrond (EGLDUSD) is rebounding since yesterday after coming very close to the 1D MA50 (blue trend-line), which has been supporting since the January 13 bullish break-out. Practically after the February 08 rejection, it has been ranging within the 1D MA50 and the 1D MA200 (orange trend-line) waiting for a break-out to gain volume. With the 1D RSI on a Channel Down (i.e. Bearish Divergence) similar to October 04 - November 03, we may see a strong correction towards the market bottom if the price closes a 1D candle below the 1D MA50. On the other hand, since the longer term pattern has been a Channel Up since the June 13 Low, a closing above the 1D MA200, will be a bullish break-out for us, targeting the top of the Channel Down. A pattern that may have gone unnoticed and could be the one that will influence the price the most, is the Inverse Head and Shoulders (IH&S) that started forming after the November 09 drop of the FTX crash. Its 0.618 - 0.5 Fibonacci retracement levels are the Support Zone so far, its 1.5 Fibonacci extension can coincide with a Lower High on the Channel Down, and if broken, our ultimate target will be the 2.0 Fib extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:EGLDUSD
by TradingShot
6
EGLDUSDT 4H BULLISHThe EGLD is currently transiting the median of the Keltner Channel heading towards the upper band, where it should reach the upper edge of the bullish channel and decrease a little. Bullish RSI , indicating exhaustion of selling forces and the Ichimoku Cloud transiting below the asset , makes the EGLS pair totally bullish. A limit order on one of the supports would be a log option for today. Here are the supports and resistances in the 4H: Main support levels: 44.87 / 42.88 Main Resistance Levels: 47.63 / 49.29 Elrond was a blockchain platform that specialized in offering scalability solutions, using its adaptive state switching technology. However, the company announced its transformation into MultiversX last November. The renowned company's main focus is now on the metaverse, as signaled by the launch of three new products: XFabric – A fully customizable blockchain module. xPortal: An application that will act as a portal to the Metaverse. xWorlds: A mechanism to be used to create virtual worlds.
Long
by ferulianov